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Driving growth in the UK space sector

The Satellite Applications Catapult names first two sponsorship recipients for the SME Growth Challenge at Cambridge Judge Entrepreneurship Centre.

Driving growth in the UK space sector

The Satellite Applications Catapult, an innovation and technology company focusing on the exploitation of satellite data and technology, awarded its first two sponsorships for companies to participate in the SME Growth Challenge programme at the Entrepreneurship Centre of Cambridge Judge Business School.

Open Cosmos CEO Rafel Jordà-Siquier and e2E CEO Barry Ross will participate in the programme beginning 21 September, taking part in six one-day workshops between September and June that look at issues relating to small- and medium-size business growth such as financing, marketing strategy and tactics.

Nanosatellite space mission firm Open Cosmos and telecommunications firm e2E were selected based on their growth challenges, size and revenue, and motivation for top executives to attend the programme.

Those two places on the programme are fully funded by the Catapult, and each is worth £5,000. The Catapult was established in 2013 by Innovate UK, Britain’s innovation agency.

Professor Stylianos Kavadias
Professor Stylianos Kavadias

“We were keen to partner with Cambridge Judge Business School as we want to develop and promote CEO training opportunities for scale-ups in the space sector,” said Stuart Martin, CEO of Satellite Applications Catapult. “As part of our collaboration, we are also offering to organise and host an additional workshop for all participants on the programme.”

“We are pleased to partner with the Catapult and work together in strengthening this industry by supporting companies that have a strong growth appetite and potential scale,” said Stelios (Stylianos) Kavadias, Director of the Entrepreneurship Centre and Margaret Thatcher Professor of Enterprise Studies in Innovation & Growth at Cambridge Judge. “We were impressed by the qualities of the applications, and narrowing down to only two companies was a difficult task.”