An Inclusive Approach to the Space Economy

CAELUS FOUNDATION

South Asia

2023

2023-24 Scale-up project

Overview

Satellite systems and data from space can help nations meet the Sustainable Development Goals.

The Caelus Foundation approach empowers nations to develop space capabilities in an economically viable way. This enables their partners in each nation to ensure that solutions will continue to benefit the population for the long term. A collaboration with the Maldives Space Research Organisation (MSRO) has recently identified multiple opportunities for space capabilities to improve the quality of life in the Maldives.

Project's trajectory over past year

During the past year, we have proven our hypothesis that many nations in the Global South seek greater access to capabilities such as satellite communications; Earth observation; and positioning, navigation, and timing.

Our pilot project in the Maldives led us to focus on the requirements of small island nations, which are underserved by the space industry even though they need space capabilities to combat climate change, preserve their natural heritage, and participate in the global economy. We look forward to bringing the Caelus Foundation approach to other interested island nations soon.

Impact

“Satellite-based monitoring will be essential for addressing coastal erosion of low-lying Maldivian islands supporting the tourism sector that generated 25% of the nation’s USD 6.6 billion GDP in 2023.”

Micah Walter-Range, Chairman of the Board, Caelus Foundation