Shenzhen boosts satellite firms

Shenzhen has sky-high ambitions for its commercial satellite industry, following the success of the “Shenzhen Star” project in 2020. According to official media, the city government has compiled a plan to encourage the integration of satellite research efforts with various other industries to create “unique application scenarios”. Special focus will be given to innovative applications that make use of satellites in transportation and logistics, marine economy, natural resources, urban safety, and environmental protection, among others. Grants of up to 30 million yuan will be awarded to promising candidates.

At the same time, significant funding will be given to companies engaged in the construction and operation of “civil space infrastructure,” with special focus on the creation of an autonomous global high-throughput broadband satellite communication system and regional remote sensing networks, with awards of up to 200 million yuan.

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