Entrepreneurship in the new space era
Blog written by Gustavo Dalmarco PhD, Technology Management and Innovation Specialist
The space sector is well known for having spin-in and spin-off technologies resulting from the need to develop materials and equipment that can operate in the hostile space environment. On the one hand, space missions may adapt technologies already available in other terrestrial sectors, while on the other hand different industries may absorb space technologies for various applications on Earth.
Or indeed that ESA’s satellite navigation technologies could be used to help blind people navigate using a map? Space start-ups are recognising and exploring new opportunities, such as the ability to create an on-demand meteor shower or developing new control room systems based on technology developed in space operations centres controlling satellites.
Space is no longer about rockets, satellites and probes only. There is a new space system emerging aimed at creating data, services and out-of-this-world business models. As expressed by the appropriately named Richard Rocket, founder of US-based space data provider NewSpace Global, "New Space is entrepreneurial, it's about reducing costs and trying to do things in a more enterprising fashion - it requires innovative thinking".
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