Entrepreneurial and Innovation Ecosystem for Space: A Handbook on How to Start Your Own Space Company
- Paper number
IAC-17,E6,1,1,x37025
- Author
Dr. Norah Patten, International Space University (ISU), Ireland
- Coauthor
Dr. Jacopo Panerati, Ecole Polytechnique de Montreal, Canada
- Coauthor
Mr. Pedro Coelho, ESA/ESTEC, The Netherlands
- Coauthor
Mrs. Emeline De Antonio, International Space University (ISU), France
- Coauthor
Mr. Marshall Mckellar, United States
- Coauthor
Ms. Fabiana Milza, University of Rome “La Sapienza”, Italy
- Coauthor
Mr. Bryan Perez Ramirez, Facultad de Ingeniería-UNAM, Mexico
- Coauthor
Mr. Daniel Sors Raurell, Spain
- Coauthor
Mr. Tangming Cheng, Beijing Institute of Astronautical Systems Engineering, China
- Coauthor
Dr. Hongfei Wang, Technology and Engineering Center for Space Utilization, Chinese Academy of Sciences, China
- Coauthor
Mr. Shafa Aria, Norway
- Coauthor
Mr. Gary Calnan, United States
- Coauthor
Mr. Charlie Chao, New Zealand
- Coauthor
Mr. Michael Clanton, United States
- Coauthor
Mr. Adam Elkins, United Kingdom
- Coauthor
Mr. Kacper Grzesiak, International Space University (ISU), Poland
- Coauthor
Ms. Niamh Higgins, Ireland
- Coauthor
Mr. Chandra Prakash Kotwal, Indian Space Research Organisation (ISRO), SDSC SHAR, Astronautical Society of India, India
- Coauthor
Ms. Marta Lebron Gaset, Spain
- Coauthor
Mr. Kai Liu, China
- Coauthor
Ms. Annette Parks, United States
- Coauthor
Mr. Shasidhar Reddy, Indian Space Research Organization (ISRO), India
- Coauthor
Mr. Timo Ruehl, Germany
- Coauthor
Ms. Helen Wexler, Israel
- Coauthor
Dr. Wang Zhongming, China
- Coauthor
Mr. Zhenxin Hu, China
- Coauthor
Mr. Xiaole Wang, China
- Coauthor
Mr. Zhengzhong Ni, China
- Coauthor
Mrs. Paola Belingheri, Women in Aerospace Europe (WIA-E), The Netherlands
- Coauthor
Mr. Mengyang Zhang, China
- Year
2017
- Abstract
This is a great time to start a space company. A revolution is underway and the commercial space industry is starting to take off. There is less dependence on government business and aerospace companies are able to attract new customers to emerging space markets. This dynamic global context has the promise of opening the new frontier to exploration and development in ways not anticipated by the established industry. Investments from venture capitalists along with new approaches to raise capital such as crowdsourcing are providing opportunities for small entrepreneurial space companies to gain a foothold in this new area. Such investments between 2005 and 2012 were estimated at around US$12B—and this support is expected to continue as the new industry develops. This paper presents the results of an International Space University (ISU) team project focused on helping new companies get started and take advantage of this new opportunity. The study helps identify potential markets and best practices to start up a successful space company. Our work reviews the fundamentals, basic requirements, existing support and assistance, and attributes of a successful company (placing particular care in capturing regional differences in approach, regulatory and legal issues, capital requirements, etc.). The study results are a primer for those interested in starting a new space company for the first time.
- Abstract document
- Manuscript document
IAC-17,E6,1,1,x37025.pdf (🔒 authorized access only).
To get the manuscript, please contact IAF Secretariat.