Harper Macleod has partnered with Entrepreneurial Spark to deliver a pioneering Space Accelerator programme for the UK Space Agency.
Delivered alongside space industry experts from The University of Strathclyde, the world-class programme supports new space start-ups and growing space companies to shape their products and services around the demands of the new space race, so they can quickly grow their business in this burgeoning industry.
Harper Macleod is on hand to help mentor the entrepreneurs and provide support to them on a one-to-one basis, as well as taking part in the events and workshops within the accelerator programme.
Jo Nisbet, a Partner in the Corporate team at Harper Macleod who is leading the firm's involvement, said: "We have great experience of working with entrepreneurs and high-growth businesses in all sectors, but this is one of the most exciting ventures we have been involved in to date. The UK and Scotland have a dynamic and growing space sector, which focuses on high-tech, high skills and extensive research and development, and we already work with a number of businesses who have established themselves in this burgeoning industry.
"Teaming up with Entrepreneurial Spark to deliver the Space Accelerator for the UK Space Agency is the next step in growing the industry and we are delighted to be the resident legal experts to the businesses that will fuel our space growth."
The Space Accelerator programme has two main elements. The Business Horizons programme is a series events covering diverse topics from building innovative business models, and looking at industry developments and future forecasting to entrepreneurial mindset and behaviours.
Meanwhile the Leo Programme, which launched in March, selected 30 high-growth and high potential businesses – from space services and healthcare to launch tech and infrastructure - for a more bespoke, one-to-one accelerator programme. Harper Macleod is running legal workshops and drop-in sessions as part of the programme.
Mike Stephens, from Entrepreneurial Spark, said: "We are bringing together leaders in entrepreneurial growth and space industry experts for an exciting programme of support, designed to make the most of the possibilities of space.
"Many entrepreneurs and businesses don’t currently realise the opportunities that space presents to them. We’re determined to raise awareness and present those opportunities to as many businesses as possible in order to grow the space industry. Entrepreneurs are the vital catalyst needed to meet the challenges of the space industry and we exist to ensure more of them succeed."
Entrepreneurial Spark is a purpose-led accelerator for entrepreneurs, with a particular focus on those tackling some of our biggest challenges including climate change, inequality and poor health. They specialise in creating environments that support rapid growth and have helped over 10,000 business owners to think differently about how they can grow their business.
The UK Space Agency plays an important role in delivering the UK Government’s space agenda, supporting a rapidly growing sector and seeking to increase the country's global footprint in the space economy.
The University of Strathclyde has a solid track record in successfully hosting UKSA incubator programmes, and has the largest space engineering group in Europe, offering deep engagement with industry and academia.