InnovationTechnology

Building Start Ups in the South African Space Industry

PROJECT: Building Start Ups in the South African Space Industry

CLIENT: South African Government Agency

DESCRIPTION

Problem: Despite a radically accelerating interest in the Space Tech industry globally, SA has lagged behind investments into SpaceTech related startups, despite having one of the oldest space agencies in the world. The SA National Space Agency is therefore grappling with how best to improve awareness of and interest in the space sector across the region.

How did we solve it: RIIS runs a multi-year programme to crowd in startups and investors into the Space Tech cluster through a combination of innovation competitions, startup support and financing.

Outcomes: Since 2014, we have worked directly with over 60 startups, resulting in four deals and multiple partnerships being established.

For more information: davis.cook@riis.co.za