Part of the New Space revolution includes a myriad of countries, previously not well-known for their space programs, that are realising how promising this sector is and are encouraging local and foreign entrepreneurs to choose them as the main site for their activities. Different measures have been put in place, such as tax breaks, access to funding, legal advances, and the creation of real startup ecosystems including universities, accelerators and incubators.
In the past year the Astropreneurs have covered some of the more prominent examples and they are summarised below.
The USA is one of the strongest players in the traditional space sector, but also the country that gave rise to the New Space industry with its billionaires forging new pathways to space. The US ecosystem is difficult to describe in a single atricle, but we have covered many interesting initiatives such as NASA’s Technology Transfer Program and Swamp Works initiatives, new academic programs to support the new space workforce and new legislation such as the American Space Commerce Free Enterprise Act (http://astropreneurs.space/2018/07/12/h-r-2809-the-american-space-commerce-free-enterprise-act-an-astropreneurs-guide/)
Luxembourg has set up an initiative at the highest level of government called spaceresources.lu focusing on space in-situ resource utilisation and mining. Their initiatives span from access to funding, incubation and international competitions to a sound legal framework enabling companies to utilise space resources.
The UK startup scene is blossoming and brimming with enthusiasm as it strives to become a “one-stop-shop” for space companies. Featuring two spaceports, a country-wide incubation networks and strong government support, they already boast some well-known startups.
India is still an emerging country regarding new space. With several startups in different fields there is a push from the younger generation to enter the new space field. Local governments such as Kerala and ISRO are cooperating to foster entrepreneurship and we expect to see more action here in future.
China is quietly stepping up its efforts to foster entrepreneurial ventures in the space field. A combination of government funding, corporate funding, venture capitalists and private investors are feeling new businesses, and several success cases are already present.
New Zealand has recently activated the Edmund Hilary fellowship to attract space professionals to support them in setting up an ecosystem and the first successful launch of Rocket Lab a few days ago was a major milestone on this path.
Taxation and Legal Benefits
The USA and Luxembourg are both pushing legislation for space mining. This article compares their legislation and explains how the two countries are approaching this problem in line with international treaties.
The Isle of Man has become compelling for space startups. Startups have begun to incorporate there because of its unique legal and economic framework, especially regarding taxation, which has attracted many successful companies such as SES, Telesat, Inmarsat, and Manx Precision Optics to mention a few.
Other Countries and Regions
These are by no means the only countries that are competing for New Space Startups’ attention. In the near future we will be covering the following countries and geographic areas.
The European Union has set up several flagship programs for downstream services from space assets, as well as europe-wide networks of incubators managed by the European Space Agency. Also individual countries such as France and Italy have set up state funding for New Space initiatives. We’ve also heard about many astropreneurs moving to Singapore.
Which countries would you like to see featured on astropreneurs.space? Please tell us on social media!
Posted by Paola Belingheri