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Space Tango business accelerator launched this week

LEXINGTON, Ky. (July 22, 2014) — Space Tango Inc. of Lexington has just kicked-off the nation’s first business accelerator specifically for space enterprises and entrepreneurs. The accelerator is designed for space-driven startups with a goal of helping new and growing businesses innovate and develop novel applications for diverse markets.

space.tangoThree companies, listed below, are in the Lexington region for a five-week session that started last week and will return in the fall for a final session. The fall session will include a pitch presentation during the IdeaFestival, where some of the world’s leading creative thinkers, entrepreneurs and innovators join curious minds from around the globe in Louisville, Ky., for four-days.

The companies participating in the 2014 program are:

Aeolus AeroTech Pvt Ltd (AAT), based in Bangalore, India, is a research-to-product company that provides turnkey technical solutions and products in the field of advanced laboratory equipment, avionics and space sectors. It is the first Indian private company to develop COTS products for CubeSat and related microsatellite missions.

ConsiNet, headquartered in Morehead, Ky., is a ground station service provider for the rapidly growing global small satellite marketplace. ConsiNet is developing a novel network of ground stations to assist missions in achieving robust space to ground communications.

Vinveli, based out of Austin, is an international technology development and services company specializing in the space industry. The company’s work includes developing the next generation STEM based educational material for colleges, high schools and middle schools utilizing space and space experimentation as the basis for advanced project design and access to space for their customers.

Space Tango is a for-profit enterprise headquartered in Kentucky, focused primarily on the entrepreneurial space marketplace. The company’s capabilities include CubeSat class and other micro-satellite and subsystems, satellite ground operations, spacecraft design and testing and the development of novel technology and experiments for the International Space Station (ISS). It is also the commercialization partner for Kentucky Space.

Space Tango works closely with a number of other dynamic companies, universities and organizations. These collaborators include the Office of Entrepreneurship at the Kentucky Cabinet for Economic Development, the Kentucky Council on Postsecondary Education, FedEx Space Solutions, Center for the Advancement of Science in Space (CASIS), Morehead State University and the University of Kentucky.