NEW DELHI: The UK Space Agency has launched a new programme to help businesses unlock the benefits of satellite data and services.
Global satellite services currently support activity that contributes £370 billion to the
UK economy, which is around 17.7 per cent of the country’s GDP, according to a statement from UK Space Agency.
As the cost of accessing space continues to fall and the pace of innovation increases, a greater number of businesses now have the opportunity to harness the advantages offered by satellites through enhanced imagery, connectivity and navigation capabilities, said the release.
Unlocking Space for Business is an 18-month programme designed to bring these untapped benefits to hundreds of new organisations across the UK, focused on the leading transport and logistics and financial services sectors, the statement added.
Opportunity areas can include using satellite imagery to improve the measurement of climate variables and verification of customer insurance claims after extreme weather events, satellite position and navigation to support location tracking and enabling the movement of people and satellite connectivity to help crew and passengers keep in touch with operators and families on shore.
Unlocking Space for Business will provide workshops, networking events, learning and development sessions, and online resources to support companies in their understanding of what satellite data and services can mean for them as well as offering the opportunity to bid for a share of up to £6 million UK Space Agency funding later this year to help launch innovative pilot projects, data procurement or partnerships.
