AWS launches space accelerator program for Start-ups

AWS launches space accelerator program for Start-ups

Eligibility Criteria – All companies who have matured working with space data or technology.

On 30th March 2021, Amazon Web Services (AWS) launched a space accelerator program for start-ups. AWS is partnering with Seraphim Capital (a UK based venture investment company) so that selection process of top 10 start-ups for the 4-week mentoring program in June 2021. Seraphim’s “space camp” accelerator has modelled the program for its maximum potential.

AWS is gradually expanding its base in the space sector by adding the accelerator program. In 2019, Ground Station was an introduction by AWS. after which in 2020, AWS (Aerospace and Satellite sector) is trying to explore newer ways to use cloud. Ground Station is a cloud-based system to control satellites, and to download and analyse data. Start-ups comprise of AWS’s maximum client base.

In April 2021, the applications for space accelerator are due. Sandy Carter (Vice President AWS worldwide public programs) mentioned that, “AWS and Seraphim will select a cohort of space start-ups to participate in an intensive, 4-week program with AWS cloud and technical training to help them accelerate research, development and growth.”

All start-ups who have matured working with space data or technology are eligible to apply, announced by the Vice President.

Selection criteria of the Start-ups includes:

  • Nature of the project – Innovative and unique so that inventions can be explored
  • Value preposition for the space industry so that the industry can reap the benefits
  • Application of AWS to solve problems since AWS the largest solution provider for web services
  • Project delivery (Expectations vs Achieved) to understand and study the gap

The program highlights include –

  • The selected top 10 start-ups are entitled to receive mentoring along with USD 1,00,000 from AWS under AWS Active program (technical services), so that better space projects are built.
  • Collaboration opportunities with AWS clients and member of AWS Partner Network for better networking.
  • Cutting edge technology solutions so that challenging space problems are solved.
  • Fundraising conversations among space-savvy venture investor participants hence, increasing efficiency.

https://marketnews24.space/

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