04:45, April 05 359 0

2018-04-05 04:45:12
Dentons targets spacetech industry with start-up programme

Dentons is to provide legal assistance and office space to start-ups in the space technology industry, as part of new accelerator programme launched by the firm.

The firm is launching the initiative called Space Camp in a move to commercialise small tech start-ups in the UK.

The firm will be hosting the nine-week programme in its London office. with the scheme established by spacetech-focused venture capital fund Seraphim Capital.

Six data and satellite-led start-ups will be selected to join, beginning in May this year. The second group starts in September.

According to Dentons IP partner Justin Hill, who joined from Olswang last year: “It’s not a gimmick, it’s an exciting opportunity.”

“While the usual idea behind an accelerator is to get businesses investment-ready by the end of the process, we’re turning that on its head so the prerequisite to coming onto the course is that you’re investment-ready. We’re looking to accelerate commercialisation,” Hill explained.

The support will cover a wide range of space-related issues including manufacturing agreements, insurance, frequency of communications and operations, satellite financing and satellite operators.

“What people overlook is that when you get up in the morning you get touched by space tech five or six times before you get into the office,” he added. “This can be whether it’s checking the weather, or using Sat-Nav in your car.”

Both the UK and European space agencies are involved in Space Camp, with the project backed by aviation giant Airbus, satellite owners SES and manufacturer Surrey Satellite Technology.