(PRWEB UK) 13 April 2012
The Satellite Applications Catapult centre, which will help UK businesses develop new satellite-based products and services, will be established by a consortium of industry pioneers including; Surrey Satellite Technology Ltd (SSTL), Logica, Astrium GEO-Information Services, Nottingham Scientific Ltd (NSL) and Inmarsat Navigation Ventures Ltd.
A delivery team will be established with the consortium members, the International Space Innovation Centre (ISIC), UKspace and the University of Surrey.
The Technology Strategy Board is the government agency that oversees the establishment of the Catapult. It will work with the consortium to help establish the centre, which is expected to open later in the year.
Iain Gray, Chief Executive of the Technology Strategy Board said: “We welcome the members of the new consortium and look forward to working on a formal business plan for the Satellite Applications Catapult in the months that follow.
Gray continued: “Satellite services are expected to be an important growth area for the UK economy in the next decade and beyond. Worldwide, the Space sector is expected to grow to £400bn by 2030. The Satellite Applications Catapult will work with the UK Space Agency to achieve targets set out in the UK Space Innovation and Growth Strategy to grow UK market share from 6% to 10% by 2030 and create 100,000 new high value jobs.”
Paul Febvre, Project Director for the consortium said: “We are looking forward to actively working with SMEs and wider UK space community to create a world-leading centre of expertise and facilities for satellite data processing and product development.”
Febvre continued: “The UK already has a world-class capability across the space sector, especially in the areas of advanced manufacturing, satellite operations, telecommunications and Earth observation. The new Catapult will ensure that the UK is in a position to consolidate and strengthen its position.”
The new consortium is planning a number of events through out the UK in the weeks and months that follow. These events will engage and brief the space community and other interested groups. For more information please go to https://connect.innovateuk.org/web/space/events.
Today’s announcement from the Technology Strategy Board is another milestone in its journey to establish the new network of Catapults. The Catapult initiative represents a long-term commitment and will enable UK businesses to compete in global markets worth billions. Scientists, engineers and business innovators will be able to pool expertise, intelligence and experience on a national scale and make a significant contribution to our economy.
Notes to Editors:
1. The Technology Strategy Board is the UK’s innovation agency; its goal is to accelerate economic growth by stimulating and supporting business-led innovation. Sponsored by the Department for Business, Innovation and Skills (BIS), the Technology Strategy Board brings together business, research and the public sector, supporting and accelerating the development of innovative products and services to meet market needs, tackle major societal challenges and help build the future economy. For more information please visit: http://www.innovateuk.org.uk
2. Catapults, formally known as technology and Innovation centres, are centres of excellence that bridge the gap between business, academia, research and government. They are a powerful new element in the UK economy, helping businesses develop relevant and exciting ideas in receptive and invigorating environments. The Technology Strategy Board will oversee the Catapult programme. Seven centres have been announced in this current phase of funding. These include; high value manufacturing, cell therapy, offshore renewable energy, satellite applications, connected digital economy, future cities and transport systems.
3. Media enquiries only should be addressed to the Technology Strategy Board’s media relations team: David Hulmes, Media Relations Consultant - Mobile: 07799 777921, Email: email@example.com or Claire Cunningham, Media Relations Manager - Tel: 01793 442901, Mobile: 07554 115745 Email: firstname.lastname@example.org.
4. Companies and other organisations seeking information about the Technology Strategy Board and the Catapult centres should visit the website: http://www.catapult.org.uk