Fellowship programme also launched to help entrepreneurs from academia commercialise bleeding-edge innovation
Seraphim Capital today revealed the startups that are participating in Mission 2 for Space Camp, the world’s first dedicated accelerator for global startups in the SpaceTech industry. The cohort includes 10 companies, expanding on the six that took part in the successful Mission 1 earlier this year. Featuring startups from the UK, the US, Norway, and Sweden, Space Camp is being run from the offices of global law firm Dentons at London’s St Pauls.
Launched by Seraphim Capital and backed by corporate sponsors such as Inmarsat, Rolls-Royce, and Cyient, as well as the UK and European space agencies, SA Catapult, and Capital Enterprise, alongside Seraphim Space Fund partners including Airbus, Surrey Satellite Technology, SES, and Telespazio, Space Camp is a nine-week programme, culminating in an investor day on 20 November.
Inmarsat joins Space Camp as a partner for the first time with Mission 2. Yasrine Ibnyahya, Principal, Advanced Concepts, said: “We’re delighted to partner with the Space Camp accelerator, and have been very impressed with the range and quality of the startups that the Seraphim Capital team has been able to select for this second iteration of the programme. The startups are addressing challenges that have a profound impact on a variety of industries, and we look forward to working with them to refine their propositions.”
As part of Mission 2, Space Camp has also launched its Fellowship programme for academics working on bleeding-edge space technologies who want to become entrepreneurs. The Space Camp Fellowship will show post-graduate and post-doctoral students what the path to Series A investment looks like and what exactly corporates are interested in, and help them understand how to commercialise their ideas and turn them into an investable proposition.
Mission 2 includes two Fellowship participants: LunaSonde, founded by Jeremiah Pate from the University of Arizona; and NuQuantum, founded by Carmen Palacios Berraquerro from the University of Cambridge. Both startups have access to the full Space Camp programme, even though some elements will be more relevant than others given their early-stage nature.
The Mission 2 programme will include exclusive site visits, including to the Harwell Space Cluster, as well as workshops and one-to-one mentoring sessions from SpaceTech professionals, advisors, and investors, and pitch practice sessions. Speakers during the programme include some of the world’s leading SpaceTech entrepreneurs and investors:
● Candace Johnson, co-founder of SES/ASTRA and SES Global;
● Michael Jones, former CTO of Google Maps, Earth and Local, and Seraphim Capital Managing Partner;
● Frederic Rombaut, former Managing Director of Cisco Investment International, and founder of Qualcomm Ventures Europe;
● Matt O’Connell, former GeoEye CEO, and Seraphim Capital Partner;
● Peter Platzer, CEO Spire Global.
Rob Desborough, Investment Director at Seraphim Capital and Director for Space Camp Accelerator, said: “We’re excited to welcome a new cohort to the Space Camp programme, expanding on the first cohort to help ten startups. This follows the incredible response to the first cohort coming through Space Camp, with four out of the six members each securing offers of investment of at least £1 million.
“We are looking to identify the top one per cent of seed-stage SpaceTech startups to participate in Space Camp, and it was a rigorous process with our partners to narrow the applicants down to the final 10 startups that have now embarked on Mission 2. We believe each of these companies has the potential to make a significant commercial impact across their specific markets.”
Catherine Mealing-Jones, Director of Growth, UK Space Agency, said: “The UK Space Agency is proud to partner with Seraphim Capital – the world’s first space tech venture fund – to support Space Camp. It is just one of the ways we are working with businesses and investors through the government’s Industrial Strategy to grow the UK space sector, supporting innovation and jobs across the country.”
Full information about the cohort members is below:
AnsuR provides software for mission-critical satellite communication of multimedia content, reducing bandwidth by 99 per cent and increasing efficiency by 100 times. The 15-strong startup hails from Oslo, Norway and Barcelona, Spain.
CyStellar, based in Linköping, Sweden and London, UK, currently employs six people and is a geospatial intelligence company that delivers the real-time insights that companies in the insurance, logistics, and agriculture sectors need to support data-driven strategic and operational decision-making.
Based in Cambridge, UK, Entopy is revolutionising supply chains and industrial environments with its innovative solution, Tracca. The end-to-end solution enables the collection, management, processing, and analysis of highly granular data, enabling greater visibility and management of business-critical processes. Entopy has already gained significant traction, running two pre-market trials with Morrisons and Sainsbury for which it has already won industry awards and recognition. Entopy is launching Tracca in October of 2018, with key distribution partners including Vodafone and TechData. Entopy’s ultimate vision is to be the data collection and management platform for supply chains and industrial environments.
KETS Quantum Security, out of Bristol, UK, is the only company with a complete integrated on-chip quantum encryption solution to secure the information technology of the 21st century and beyond.
Arizona, USA- based LunaSonde “sees inner space from outer space”, using small satellites to scan the globe and build an atlas of valuable underground resources, with an immediate focus on water.
A product of the University of Cambridge, NuQuantum has developed faster, more secure cryptography techniques designed to be fit for purpose in the quantum age, as existing cryptography will be severely compromised by the increasing sophistication and availability of quantum computing.
Quantum Light Metrology (QLM) is a Bristol, UK- based startup developing ultra-compact, high-precision quantum optical sensors. QLM’s drone-mountable methane leak detector offers a tool for the oil and gas industry to reduce and improve safety while significantly reducing operating costs.
Skyrora, based in Edinburgh, UK, is a launch vehicle designer, manufacturer, and service operator. It is developing a low-cost, personalised service to meet increasing demand for small satellite launches, that will ensure satellites are placed in the most effective orbit. It plans to be deploying small satellites from the UK by the early 2020s.
Edinburgh, UK- based Sofant is developing a new antenna technology that extends the range of high-frequency radio networks by more than 10 times, making the deployment of such networks vastly more economically viable. It consumes 70 per cent less energy than existing technologies, enabling wireless service providers to significantly reduce costs associated with power consumption, which are currently around 15 per cent of OpEx.
Out of Harwell, UK, Vidrona is a precision predictive energy asset management company that utilises data analysis and analytics to generate insights from data collected using sensors on various automated platforms.