Leidos to share defence, aviation and technology expertise with the next generation of space tech startups
San Francisco, 19 JULY 2023: Generation Space, known as Seraphim Space outside of the US, which runs the leading, dedicated accelerator for global startups in the SpaceTech industry, has opened its applications for its 12th cohort (Mission 12).
Generation Space is delighted to announce Mission 12 alongside Leidos, whom it welcomes as a new sponsor in the US. A FORTUNE® 500 technology, engineering, and science solutions and services leader working to solve the world’s toughest challenges in the defence, intelligence, civil and health markets, Leidos will bring tremendous value to the pioneering startups taking part in Mission 12 and the more than 80 companies represented in the Accelerator’s world-class portfolio of accelerator alumni.
This new sponsorship represents a significant milestone for Generation Space as we continue to expand our presence in the US, bringing investment expertise to early-stage startups and game-changing technologies and insights to our startup partners. We are committed to helping our partners stay ahead of the curve with visibility and access to leading SpaceTech startups and trends and, ultimately, engage in true innovation exchange with future category leaders.
The accelerator is a three-month programme that supports SpaceTech companies from inception to IPO. Through the programme, the Mission 12 cohort will have the opportunity to develop key relationships with some of the world’s leading corporates and agencies operating in the space sector as they look to raise capital to commercialise their technology.
We are excited to open our applications for a new group of global startups to join our cohort programme. Mission 12 will be yet another fantastic milestone for us.
Applications for Mission 12 close Sunday 30th July at 11:59 PST.
Rob Desborough, Managing Partner at Generation Space and CEO of the Accelerator, said: “We are excited to be working with Leidos and are thrilled for the startups who will get access to an organisation with the scale and reach of Leidos. Leidos are a complementary asset alongside our other long-standing partners such as ESA and Airbus. The space sector is growing at an extraordinary speed. In the last 12 months alone, over $5.9 billion has been invested in the space sector across the globe, compared to $2 billion back in 2017. For multi-billion-dollar companies to get involved in the industry highlights the space sector’s growing economic, strategic and technological importance. We are confident that the startups who will join Mission 12 will have the potential to contribute to the sector’s exponential growth.”
Jason O’Connor, Senior Vice President, National Solutions at Leidos, said: “As Leidos continues our advancement of space and software technologies, we look forward to working with Generation Space. We value their unique insights into the rapidly evolving global space market and access to innovative emerging companies, as we aim to work with Accelerator companies in finding near-term opportunities to bring their innovative solutions to customer missions.”
For further information, to arrange to speak to someone from Generation Space or for other enquiries please contact the press office:
E: Generationspace@fieldhouseassociates.com T: +44 (0) 7905671593 (Joe Doyle)
About Seraphim Space Accelerator and Generation Space Accelerator:
The Seraphim Space Accelerator (UK) and Generation Space Accelerator (USA) is the world’s leading accelerator focused on space technology, providing support, networks, resources to scale up and become investment-ready. Working with 230 corporates, government agencies and over 500 investors worldwide. Since the conclusion of the previous 10 Missions, 81 alumni have raised $270 million in investment and $59 million in grant funding.
About Seraphim Space Investment Trust plc:
Seraphim Space Investment Trust plc is the world’s first listed fund focused on SpaceTech. The Company seeks exposure predominantly to early and growth stage private financed SpaceTech businesses that have the potential to dominate globally and that are sector leaders with first mover advantages in areas such as climate, communications, mobility and cyber security.
The Company listed on the Premium Segment of the London Stock Exchange on 14 July 2021, following an oversubscribed IPO raising £178.4m. As at 30 June 2022, the Company had net assets of £239.3m and exposure to more than 25 Space Tech companies. Seraphim Space Investment Trust plc is managed by Seraphim Space (Manager) LLP.
Further information is available at: https://investors.seraphim.vc
About Seraphim Space Manager
Seraphim Space Manager manages Seraphim Space Investment Trust plc, which seeks exposure predominantly to early and growth stage private financed SpaceTech businesses that have the potential to dominate globally and that are sector leaders with first mover advantages in areas such as climate, communications, mobility and cyber security.
Further information is available at: www.seraphim.vc
About Generation Space
Generation Space LLC is the U.S. subsidiary of Seraphim Space Manager, LLP and is responsible for its U.S. activities.
Further information is available at: www.generation.space.
Leidos is a Fortune 500® technology, engineering, and science solutions and services leader working to solve the world’s toughest challenges in the defense, intelligence, civil, and health markets. The company’s 46,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $14.4 billion for the fiscal year ended December 30, 2022.
For more information, visit www.Leidos.com.