Amazon Web Services revealed on March 30 that it is offering a space acceleration program for entrepreneurs. According to a group of specialists, space startups are getting more familiar with the United States government as clients and investors, but the routes to each remain challenging. Carissa Christensen, Chief executive of analyst company Bryce Space & Technology, stated at a Washington Space Business Roundtable function here that 2019 was the year of administration. “We see a lot of companies, openly or covertly, shift their attention to the government as a possible customer.”
According to Christensen, there are several explanations for startups’ renewed involvement in government deals in the United States. According to her, the establishment of the Space Army and an uptick in research deals from the National Reconnaissance Office and other departments have made government business more attractive to startups. According to her, several startups might be suffering sluggish growth in their target commercial sector.
According to Christensen, “the government as a client is pretty relevant and an extremely crucial part of the future progress of venture-financed space startups.” According to Ryan Lewis, who serves as the senior vice president of In Q-Tel, the United States government has begun to step beyond “exploratory” arrangements with startups in the last five to six years. Orthodox government contracts, on the other side, are inconvenient for entrepreneurs, he stated.
“It’s not simple for a startup to begin the campaign or find out the best teaming structure, particularly if you’re fresh to the industry,” Lewis added. AWS is working with Seraphim Capital, which is a venture capital company headquartered in the United Kingdom, to pick the first 10 entrepreneurs for the 4-week mentoring initiative, which will launch in June. The accelerator will be based on Seraphim’s “space camp.”
AWS’s extension into the space industry begins with the introduction of the space accelerator. AWS Ground Station, a cloud-based framework for monitoring satellites and downloading and processing data, was released by Amazon Web Services in 2019. The AWS Aerospace and Satellite firm was founded in 2020 to partner with government agencies and the space industry to find innovative ways to utilize the cloud. Startups have evolved to be a large part of AWS’s space sector client base.
The deadline to apply for the space accelerator plan is April 21. In a blog post, Sandy Carter, who serves as the vice president of programs for AWS worldwide public domain, stated, “AWS and Seraphim will choose a batch of space startups to engage in an intense, 4-week program with AWS cloud as well as technological training to support them accelerate discovery, production, and growth.”
According to Carter, startups dealing in space science or data at any point of maturity are entitled to apply. The project’s revolutionary and distinctive design, the potential benefit the approach can add to the market, the imaginative use of AWS to address challenges and the team’s capacity to execute on a perceived opportunity are all factors in the selection process. The AWS Trigger initiative will include mentoring as well as up to $100,000 in professional resources to the 10 chosen startups.