In the budget released by the government last week was $397 million of new funding for the RADARSAT Constellation Mission. In addition, the Canadian Space Agency had already allocated $100 million for the Constellation. The green light to this project is an important step in maintaining highly skilled jobs and keeping Canada a leader in the Earth Observation field which will benefit the growing Canadian commercial space sector.
Next Tuesday, March 16th the Canadian Space Commerce Association (CSCA) will be holding its annual meeting in Toronto to discuss the commercial space sector and will bring together important players from the commercial, academic and government sectors including the Canadian Space Agency.
The keynote speaker for the 1 day meeting at the MaRS Discovery District is Dr. Christian Sallaberger of MDA, Canada’s largest space company and one of the primary winners of last weeks budget announcement. Sallaberger’s talk will be on ‘Structuring for Success in the Commercial Space Sector’ and I’m sure we’ll hear a bit about the RADARSAT Constellation Mission.
But for Canadian businesses to succeed in this tough sector there are many issues they must deal with. They include export controls and when doing business in the United States the International Traffic in Arms Regulations (ITAR). ITAR reforms are being discussed in Washington with the Obama administration expected to make some changes. To address this issue the CSCA has invited Michael Mineiro, an attorney and the Boeing Fellow at Air and Space Law at McGill University to talk about ‘Export Controls and their Impact on the Canadian Space Sector’.
Are you looking to find capital for your new business? Eva-Jane Lark, Host of EVA Interviews: The Business of the new Space Age and Vice-President, BMO Nesbitt Burns will speak on the topic of ‘Preparing for the Money Conversation’ What does a Space entrepreneur need to do to prepare before they start talking to investors, and raising capital? This presentation will discuss the current Space investment environment, recent developments and emerging trends.
Other important issues to be addressed at the meeting include government tax credits in the form of Scientific Research and Experimental Development (SR&ED), Industrial and Regional Benefits Program (IRB), patents and workforce development for the space industry in Canada.
The meeting is an opportunity for academics, businesses, government agencies and students to come together and learn from one another, to network and to help further the Canadian commercial space sector. SpaceRef Canada is the media sponsor for this event. We look forward to seeing you there. Registration is open until March 15th and seating is limited.
Meeting information and registration: http://spacecommerce.ca/agm2010