Search begins for young space entrepreneurs to share £50,000 pot

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The SatelLife Challenge, now in its second year, is looking for innovative proposals from those aged 11 to 22 which have the potential to use data collected from space to benefit our economy, health or the environment.

Ideas from last year’s competition ranged from solutions to help increase the survival rate of heart attack victims by using GPS trackers in fitness devices, to an app that warns people about impending natural disasters, guides them safely away and alerts emergency services.

Satellites support the economy and everyday life, and this competition gives young people the chance to test their ideas with industry experts and perhaps one day become part of the fastest growing sector of the UK economy.

The UK space industry builds 40% of the world’s small satellites and 25% of the world’s telecommunications satellites. It supports 40,000 jobs and generates £14 billion in revenue across the country. Companies operating within this industry will have the strictest of production standards wherein the elements of the production line will have to be hermetically sealed in order to prevent hiccups. Check out this link to learn about the kind of solutions businesses within the industry might implement.

Entries can be as teams or individuals and all prize winners will be able to pitch their idea to a panel of ‘dragons’ from the space sector who will offer prizes. In 2017 the competition winners were offered a mix of support including an offer to build a prototype, thousands of pounds worth of space on Amazon Cloud Services, access to data, business development advice and a visit to a satellite factory.

The competition closes on 25th February. Visit the SatelLife Challenge entry page for more information.

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