International Space City to create 1 million Arab women space entrepreneurs
Liverpool-based International Space City, a virtual commercial city to market the business enterprise of space, is rolling out a fresh online programme called Spacehackers to create 1 million Arab women space entrepreneurs.
Held beneath the "inspire generations" campaign, Spacehackers is a six-week leadership and mini-MBA training programme. It will help Arab ladies in the GCC to launch their own space-related business in three areas - law and ethics, social impact and trade and business.
“Space 4.0 is an emerging industry … if we motivate responsible business right away, we won’t have to try and correct it later,” Helen Rankin, executive director of International Space City, said.
“Affordable technology and increased entrepreneurship globally has decentralised and accelerated commercialisation of the area industry … this is the time for creativity, innovation and responsible business,” said Ms Rankin.
The initiative, that was actually scheduled to launch in March, was delayed due to the Covid-19 pandemic. The first batch will commence classes from November 17.
Cheaper and faster technology has paved just how for smaller companies to innovate and disrupt the area industry. The global space economy is estimated to create income of $1 trillion or more in 2040, up from $350 billion this season, according to Morgan Stanley.
The most important short- and medium-term opportunities will come from satellite broadband access to the internet, the American investment bank said.
It'll represent 50 per cent of the projected growth of the global space economy by 2040 and as much as 70 per cent in the most bullish scenario. Launching satellites offering broadband internet service will help to drive down the price of data, just as demand for data explodes.
The International Space City describes Spacehackers as individuals who use creative, low-cost ways of accelerate the commercialisation of the area industry.
“Spacehackers will be the new generation of space entrepreneurs,” said Ms Rankin, adding that there are many similarities between your internet boom of the 1990s and the existing state of the space industry.
“We are able to repeat our mistakes or learn from them … we are in need of entrepreneurs to lead the way, to set the agenda now on outer space law and ethics, off-planet social impact and interplanetary trade,” she added.
Applications are encouraged from adult women, non-graduates and graduates of all ages and backgrounds in the GCC. Interested people can register here by paying $150.
Source: www.thenational.ae
