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Launch of SME aerospace business development program

Published: 6 May 2020

The program, Business Development for Aerospace (BDA) is tailored to help small and medium enterprises (SME’s) tap the aerospace market, increasing awareness of business opportunities and needs within this rapidly growing industry as well as connecting SME’s with potential customers.

The space industry is experiencing strong growth and has an ongoing need for subcontractors in manufacturing, construction, transport, IT, project management, staffing, etc. BDA is launched to make it easier for local companies to do new business.

– This is a win-win opportunity – local companies can seize the new business and learn about an unfamiliar market. Meanwhile, the established aerospace research and industry system benefits from local subcontractors and collaborations, says Emil Svanberg, innovation manager at LTU Business.

The program runs in parallel with other activities that enable companies to start looking for new business directly, such as match-making and study visits.

Aiming for national benchmark

BDA is an initiative within the regional development project Rymd för Innovation och Tillväxt (Space for Innovation and Growth) (RIT2021). The program has been developed in collaboration between researchers at Luleå University of Technology and business development experts at LTU Business to support the strategic development within Aerospace Cluster Sweden, a national network and industry association. The program is the first of its kind and may be expanded to other regions.

– Northern Sweden is already a leading space region and we strive to be pioneers in linking the space industry with local business as well, says Olle Persson, Luleå University of Technology.

New jobs and tax revenue

In the end, the the RIT2021 project is about creating a more competitive region.

– We want to create an ecosystem of established industry, research, local subcontractors and research. Not least, it supports sustainable growth for the region, as SMEs create important jobs and tax revenue.