June 2020: AmbaSat Ltd, based in North Yorkshire, UK receives 40% PAPI (Product And Process Innovation) grant to build new spacecraft. PAPI is managed by the University of York and part-funded by the European Regional Development Fund.
Martin Platt, AmbaSat Ltd Co-Founder and CEO says “The PAPI grant enables us to rapidly accelerate our growth and deliver an innovative new spacecraft product combined with an affordable entry into Space. STEM students, scientists and individuals now have the opportunity to build their very own spacecraft, at a cost of less than £500 for the complete package, including rocket launch.”
The full press release can be downloaded from: