UK Space Agency announces £20m International Bilateral Fund
The UK Space Agency has announced it is launching the £20m International Bilateral Fund (IBF) to strengthen strategic relationships with international partners.
The IBF will be available to industry, research and academia organisations. It will initially provide up to £2m to aid work with international partners on research projects including Earth Observation, space traffic control and space debris, and see further funding introduced over the next two years.
In collaboration with the Science and Technology Facilities Council (STFC), the UK Space Agency will oversee the first segment of funding go toward 30 projects, where each shall receive up to £75,000.
If such project proposals prove successful, they are entitled to a second phase of IBF funding, receiving up to £1.5m over the period of a year to increase scientific and commercial endeavours.
This comes building upon the Department for Science, Innovation and Technology (DSIT)’s current £370m investment plan to cement the UK as a global science and technology superpower by 2030.
Nadeem Gabbani, founder and CEO of space tech start-up Exobotics said that it is an ‘increasingly appropriate time to develop international relationships’.
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