space foundationa non-profit organization founded in 1983, announced a new partnership between Space Commerce Institute and the Institute of Space Sciences MILO directed by Arizona State University to offer space studio accelerator, a 12-week program designed to increase participation in space exploration and commerce. The program prepares teams for space missions and commercialization efforts, teaching participants how to become a successful part of the new space economy.

Space Studio participants from universities, startups, and public-private partnerships engage with the space industry to create new collaborations, ventures, and acquisitions. The goal of the program is to train teams to better understand the global space industry lifecycle, advance the supply chain, and focus on problem solving and project management. Teams will learn to develop innovative solutions that create sustainable pathways to contribute to their regional spatial ecosystems.

Teams will receive technical information related to their destination, launch and mobility vehicles, communications and mission operations. Participants develop payload technology while simultaneously learning entrepreneurial principles and best practices for growing their businesses.

The Space Studio program ends with a “Demo Daywhere reviewers with subject matter expertise in space commerce evaluate teams for technology and investment potential. Reviewers are selected from potential industry partners, investors and government officials who can help the team to engage in desired markets and future funding opportunities.

Kelli Kedis OgbornVice President of Space Commerce and Entrepreneurship at the Space Foundation, said: “The Space Commerce Institute’s partnership with MILO allows us to further drive innovation, reshape markets, and create a sustainable pipeline in the rapidly changing space ecosystem. Space Studio Accelerator will help participants gain the essential capabilities needed for career advancement.”

“Collaboration with Space Foundation allows us to open doors for more people to participate in space exploration,” noted David Thomas, CEO of MILO. “Space encompasses many areas. As we build our capabilities, we are not only training the next generation of space explorers, but also the next generation of “Earth Solvers”. These are transferable skills.”