Meet ESA BIC start-up satsearch at Paris Air Lab 20/6 and learn about their effective online marketplace for the global space supply chain. Users can quickly identify, analyze and compare suppliers and their products.
ESA BIC Noordwijk start-up satsearch
satsearch has launched the first online marketplace for satellite design and space engineering which provides an open, global, up-to-date database of space products and services through a special developed search engine.
The mission is to digitalize the global space supply chain, leading to better designs, shorter lead times, and ultimately more cost-effective and robust space systems.
Space engineers face a myriad of questions about the global market during the design process.
The global space supply chain is becoming increasingly fragmented, hence they face a slew of time-consuming challenges, including product search, data export and harmonization, design trade-offs and risk assessment.
Finding the right products currently costs thousands of man-hours because there is no easy way to search for them, fragmented supplier landscape and difficult access to supply chain information.
”We have developed a unique approach to collect, curate and structure unstructured supply chain data,” says satsearch co-founder and CEO Kartik Kumar.
“We are actively developing a tool-chain for creation, maintenance, and use of electronic data sheets, which allows us to embed supply chain data across the space mission life cycle.”
“Complex space missions necessitate the use of intelligent design tools. Our tool-chain makes Data-Driven Design (D3) a reality, enabling rapid feasibility assessment, concept validation and robust design,” adds Kartik.
“Integrated Mission Design is our proprietary D3 approach that embeds supply chain data in the engineering and procurement process through deep software integration.”
In May 2018, satsearch was accepted into the ESA BIC Noordwijk business incubation program, offered through SBIC Noordwijk, in the Netherlands. This marks an important milestone for the company as the ESA BIC offers the ideal platform to propel the company forward towards full-scale supply chain digitalization.
Already on five continents
The satsearch system covers already over 650 suppliers globally, with products from companies in 31 countries.
Last year, ANTRIX Corporation Limited, a wholly-owned Government of India Company, joined by signing a Memorandum of Understanding with satsearch to showcase specific products and services offered by the Indian space sector.
ANTRIX aims to tap into global reach offered through the satsearch platform and to highlight the core technologies mastered by the Indian space supply chain.
This marked another key stepping-stone towards the goal of building a rich ecosystem of partners to support satsearch efforts to spearhead digitalization of the global space supply chain. More have since joined the online marketplace platform.
Hear satsearch pitching at the INNOVATION STAGE 20 June 16:00-16:30
Meet the satsearch entrepreneurs at the PARIS AIR LAB at Paris Air Show 20 June at their stand ENABLE S7.
PARIS AIR LAB - Paris Air Show
AN EXHIBITION DEDICATED TO INNOVATION FOR AEROSPACE
After the success of its first edition 2 years ago, Paris Air Lab returns at the heart of the Paris Air Show, in the Concorde hall, with 3,000 m² dedicated to innovation and prospective in the aerospace, an industry decisively open to the future. Mobilities of tomorrow, AI, exploration and environment; Paris Air Lab will focus on major topics in the field.
Spotlight on industrial innovations and startups
Twelve booths are dedicated to 80 new comers: startups from more than 20 countries around the world display their projects and present their work. Discover important innovation programs through 12 collaborative booths around 4 key areas:
- ENABLE, focusing on innovative technologies in the industry
- PROTECT, dedicated to the sustainable aerospace industry
- TRAVEL, focused on the future of aeronautics mobility
- EXPLORE, featuring iconic space missions.
In the heart of Paris Air Lab, the booth «Understanding climate change» shows how planes and satellites contribute to the monitoring of climate change through embedded devices.
World's largest ecosystem for space-related entrepreneurship
ESA’s Business Applications and Space Solutions programme has a network of 20 ESA Business Incubation Centres, 15 ESA Innovation Partners and 14 ESA Ambassadors throughout Europe. It co-funds projects and start-ups, while also offering technical and business support to companies that seek to deliver rapid innovation and to raise private investment.
Overall ESA spends €400 million a year on strengthening the competitiveness of European and Canadian companies in the global markets for both satellite communications andr downstream applications.
ESA BICs - World's largest ecosystem for space-related entrepreneurship
The ESA Business Incubation Centre Hessen & Baden-Württemberg was founded in 2007 and it part of the wider network of 20 ESA BICs throughput Europe.
The 20 ESA Business Incubation Centres (ESA BICs) form the largest ecosystem in the world for space-related entrepreneurship and have fostered over 700 start-ups throughout Europe. Spread across some 60 cities in 17 countries, more than 300 start-ups are currently under the two-year business incubation development booster programme.
The centres offer complete access to all aspects of space-related innovation, technology and intellectual properties and is a gateway to ESA and European space research and developments. Located in Austria, Belgium, Czech Republic, Estonia, Finland, France, Germany, Hungary, Ireland, Italy, Norway, Portugal, Spain, Sweden, Switzerland, the Netherlands and UK, with more to open, over 700 start-ups have been fostered and another 180 new start-ups are taken in yearly to be supported under the two-years business development booster programme.