Singapore has announced the country’s plans of developing its satellite and space technology, and it’s first move is by creating the Office for Space Technology and Industry (OSTIn) -- an inter-agency office that will manage the development of its local space industry.
The office is supervised by the Economic Development Board (EDB), along with other participating ministries and agencies. Among them are the Agency for Science, Technology and Research (A*STAR); the Ministry of Defense (MINDEF); Ministry of Education (MOE); MInistry of Foreign Affairs (MFA); Ministry of Trade and Industry (MTI); and the National Research Foundation (NRF).
OSTIn is expected to do the planning and executing of economic strategies to help the growth of the local space industry. The office will also give out incentives and work with industry stakeholders to help them with their satellite business from Singapore. The office is already supporting two projects at Nanyang Technological University (NTU) and the National University of Singapore to stir the country’s public satellite capabilities.
Meanwhile, Singapore Technologies Electronics (ST Electronics) announced that its subsidiary, ST Electronics (Satellite Systems) is currently developing the first commercial remote sensing satellite of Singapore called TeLEOS-1, which is set to launch in 2015.
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