- There arise n number of challenges for firms involved in space missions or satellite launches.
- Australian open innovation ecosystem EarlyBirds is working on ways to help public and private organisations find alternate solutions to the obstacles.
- With the help of EarlyBirds, a business can witness persistent development across divisions, by building disruptive business models through innovation.
- The OSINT platform allows collaboration between innovators, subject matter experts and early adopters, to decode new-fangled solutions.
A new era in the space and satellite industry has ushered in, thanks to the increasing efforts of space firms for new milestones as well as the growing interest of people in the subject. However, the firms involved in the sector tend to encounter numerous challenges on their path of new discoveries.
The high costs involved in holding a space venture or launching a new satellite is one of the biggest challenges that industry players face. The need of massive amounts of money either hinder or delay execution of several operations. For your understanding, here’s an example. Blue Origin charges around AU$200K-300K per person for suborbital flights. The charges increase manifold to about tens of millions of dollars if one wishes to travel into orbit. Higher cost is charged in case of commercial missions involving satellite launch for global communications.
To overcome such pressing challenges, there is a need to opt for cost-effective innovative solutions to build products and services in the space and satellite industry. Australian open innovation ecosystem EarlyBirds is working on ways to help public and private organisations find alternate solutions to the obstacles.
The space and satellite industry is also facing the problem of accumulation of defunct satellites, spent rocket stages, and other debris. These are emerging as a threat to active satellites and spacecraft. To counter the problem, it is essential that space debris issue is fixed, and sustainable space practices are adopted.
While these problems may sound workable, the national and international regulations make it complicated for space firms to launch and operate in different regions.
Also, organisations which opt for new-age techniques are at a greater risk of cyberattacks aiming to disrupt critical space infrastructure.
EarlyBirds eliminating roadblocks
With the help of EarlyBirds, a business can witness persistent development across divisions, overpowering challenges in diverse domains, and building disruptive business models through innovation.
The OSINT platform allows collaboration between innovators, subject matter experts and early adopters of an industry, such as the space and satellite industry, to decode new-fangled solutions.
The platform offers two programs:
- Explorer Program for businesses looking for a service capable of levelling up the ongoing innovation programs.
- Challenger Program for businesses looking for innovators to solve a specific technical or business hurdle and fulfil their commercial, technical, and business risk requirements.