The accelerator, which is now directed by CNM Ingenuity in conjunction with the new U.S. Hyperspace Challenge was created in 2018 by the Air Force and CNM Ingenuity to accelerate partnerships between the government and startups to shift space innovation into hyperdrive. More information about the accelerator can be found at. The startup with the most viable pitch will be awarded a total of $25,000 in incentives and prize money to expedite follow-on activities related to establishing government acquisition or contracting opportunities.
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The program will culminate in a showcase event, Hyperspace Summit, on December 3 registration for the event, which will be held virtually, will open in early November. This ensures a level of program efficacy that pays higher dividends to all participants.” “We know startups don’t have time to waste looking for the right government customers, and government customers are beginning to rely on the program’s ability to source the most relevant technology. “Hyperspace Challenge’s process places particular emphasis on identifying the companies that have the highest chance of fulfilling the government’s needs,” noted Mounce.
The 2020 cohort represents the 13 finalists from that first phase that participating government customers believe offer the greatest promise in fulfilling the government’s need for autonomous technology. During the initial phase of Hyperspace Challenge, which began in early September, an open invitation was issued to startups to participate in discovery sessions with government customers to learn more about problems for which the government is seeking solutions. These relationships are founded at the outset on ensuring a strong product-customer fit. Indeed, since its launch, 70% of cohort companies have reported government contracts worth over $7 million linked to their participation in the program. It does this in large part by employing a methodology that focuses on building relationships between the startup and government communities that extend well beyond a cohort’s conclusion. To this end, the engagement the accelerator facilitates between companies and the government lowers the barriers to government-commercial partnership.
Launched in 2018, Hyperspace Challenge was designed to accelerate collaboration and foster contracts between startups and government space agencies. New Mexico State University (Las Cruces, NM).Johns Hopkins University (Baltimore, MD).Space Products and Innovation (Darmstadt, Germany).Resilient Solutions 21 (RS21) (Albuquerque, NM).IDEAS Engineering and Technology, LLC (Albuquerque, NM).The companies and universities selected to undertake this challenge include: “Autonomous technology that’s safe and secure will go a long way towards ensuring that we can better protect both our space force, and the equipment it employs.” If they can do this, they will have succeeded in exponentially helping accelerate the U.S.’s space innovation efforts,” noted Gabe Mounce, director of Space Force Accelerators, which includes Hyperspace Challenge.
“The bar is high for this cohort: they’ll have to demonstrate that autonomous technology can live up to the rigors of operating effectively in one of nature’s harshest environments. The cohort is tasked with the development of technology that can provide government space agencies with secure, trustworthy autonomous and automated solutions for both manned and unmanned space missions. Companies comprising the cohort represent nine states and the District of Columbia, as well as one company from Darmstadt, Germany. Space Force, announced today it has selected 11 startups and two universities to participate in its 2020 cohort. October 21, 2020, ALBUQUERQUE, NM - Hyperspace Challenge, a business accelerator run by the Air Force Research Laboratory and CNM Ingenuity for the U.S. Space Force at Third Annual Hyperspace Summit December 3 Cohort Will Present Autonomous Technology Innovations Benefitting U.S.
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