Situated in County Durham is NETPark (North East Technology Park) – one of the UK’s premier science, engineering and technology parks for the commercialisation of cutting-edge Research & Development by major international organisations, universities and entrepreneurs. Located within NETPark is a new space incubator, funded by the UK Space Agency.
This operates alongside the existing North East Satellite Applications Centre of Excellence, which supports regional businesses break into the satellite applications industry.
NETPark brings together science and technology companies and individuals in a world-class facility, to encourage collaborative multidisciplinary links and to drive innovation, enterprise and economic prosperity.
By 2030, the space sector is anticipated to be worth £40bn to the UK economy and the North East is ideally placed to take advantage of that growth. The region has global centres of academic and industry excellence in advanced instrumentation for space, sensors, printable electronics, materials science, graphene applications, photonics, formulation, smart data, GPS, AI and immersive tech
There are a growing number of dynamic, regional companies operating in the space sector across a wide spectrum of industries, including communications, IT, healthcare, agriculture, design and process.
The combination of satellite applications and technology, coupled with the North East’s strengths in software, large data management and analytics, provides huge opportunities for companies, and investors, to exploit potential synergies
Key satellite application companies who have chosen to locate in North East England
Ryelore Ai uses space technology to aid decision making and create solutions for the financial industry. Visual datasets collected from satellites, drones, and the internet are analysed with deep learning algorithms, enabling financial institutions to make successful investment decisions. Conditions such as oil storage volumes in any global region can be determined, helping to provide investment transparency. Additionally, it can aid in the identification of real estate, agricultural and farming opportunities, supporting better decision making from local governments, agencies and investors.
aXenic is a leader in the design, development and production of cutting-edge optical modulators used for communicating and sensing within satellite and aerospace communications. Initially funded and supported by the North East Space Incubation Programme, the company has gained funding from Innovate UK to aid in the development of specialist new chips for use in space communication technology. They have been recognised internationally for their work and were recently shortlisted as finalists in the European Tech Start-up Awards, demonstrating that the region is developing great innovative products for the space industry.
Marine asset protection company UltraMAP’s web platform ‘AssetMonitor’ tracks and monitors subsea and surface assets live, 24 hours a day. AssetMonitor aids mutual existence between vessels and sector assets, as shipping activity can damage surface infrastructure such as rigs and turbines. It watches and monitors client’s assets, utilising an automatic identification system (AIS) to continuously track and store vessel movements. The AIS data signal is collected via satellite receivers and picked up by AssetMonitor, which analyses, records, and stores the data. This distinguishes trends in vessel movement and aids in identifying threats in particular areas, resulting in an improvement in both vessel and asset protection and safety.