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Young Space Entrepreneurs Competition

Canada’s only business plan competition focused on the space sector

OVERVIEW

The Young Space Entrepreneurs 2017 competition challenges university teams to develop a business plan for a space company of service. The top 5 teams will be invited to pitch to industry experts at our conference, Ascension, on March 4, 2017. The top 3 teams will receive a variety of prizes designed to help them advance their ideas and start a company if they choose to.

Just prior to the final round, on March 3, the finalists can also participate in a pre-conference workshop at no cost: the Space Entrepreneurs Bootcamp. Here they can develop their pitch skills, learn about some key topics pertaining to tech startups, and explore post-competition options for taking their business plans to the next level.

Prizes

This year, YSPACE winners will receive a combination of cash and in-kind prizes from our sponsors with a combined value of $3300 and counting!

  • $500 cash prize to the top team (thanks in part to a $250 sponsorship from the Canadian Space Society)
  • 1 complimentary ticket to the annual Canadian Space Summit (including the gala dinner) in 2017, valued at $250, offered to the top team
  • 16 hours of free consultation sessions with Sandbox at Digital Media Zone, one of Canada's top business incubators
  • 6 hours of free consultation sessions with space industry experts at Mission Control Space Services
  • 10 free Young Entrepreneur memberships at the Canadian Space Commerce Association
  • Patent and IP services at Blakes, a top business law firm in Toronto
  • The top 3 teams from the final 5 that have at least 2 students from the University of Toronto will be given a special invitation to apply to the UofT Entrepreneurship Hatchery

Keep track of this page as we continue to add more prizes designed to help the winning teams sharpen their business ideas after the competition.

We would also like to thank the Hatchery for supporting our Space Entrepreneurs Bootcamp workshop on March 3, Friday, 1-5 pm.

For Participants

TIMELINE

  • Dec 4 2016, 16:00 ET – Information session
  • Feb 28 2017, 23:59 ET – Executive summaries due
  • March 3, 2017 – Space Entrepreneurs Bootcamp
  • March 4, 2017 – Final round at Ascension 2017

RULES AND REGISTRATION

To see our Rules and Guidelines document for detailed information on entering the competition and to register for YSPACE 2017 to get competition updates and access to exclusive webinars, click the links below.

If you are a member of a chapter of SEDS-Canada, this competition is free to enter. Your chapter representative must date and sign a template letter (to be provided at a later date) and append it to your Executive Summary before submission. Teams not affiliated with a chapter must pay an entrance fee of $25 via our PayPal payment page.

Why We Care

The space industry has traditionally been an upstream-focused sector in which entrants require large capital and face high risks to compete. However, with the emergence of low-cost satellites that use commercial off-the-shelf components and sensors and the resulting influx of space-based data, there has been an expansion in downstream services and applications where entrants face a much lower barrier to entry. New commercial opportunities are constantly on the rise as markets grow and value chains evolve.

While Canada is internationally recognized for training world-class scientists and engineers, and being a leader in fields such as satellite manufacturing and space robotics, its participation in the burgeoning ‘NewSpace’ movement has yet to reach its full potential.

For Canada’s space sector to be competitive in this rapidly expanding, market-driven, global landscape of private and public players, we believe that more youth should capitalize on these opportunities by commercializing their innovations and technologies.

As a student-focused organization with a national scope, our goal is to inspire and empower students with the skills and resources they need to develop their business ideas through YSPACE 2017.

With the support of our sponsors, we aim to offer several prizes that will allow the winners to further develop their ideas and sharpen their skills in the NewSpace sector, with the intent of fostering entrepreneurship interest. Through YSPACE 2017, we aim to help grow the commercial space sector by cultivating a spirit of ambition and entrepreneurship among student space enthusiasts across Canada.

Curious to know how the space industry in Canada breaks down? Check out our infographic below. Source: Comprehensive Socio-Economic Impact Assessment of the Canadian Space Sector.