With the Feasibility Study we have consolidated our infrastructure and service baseline and we have significantly reduced our technology, regulatory and IP risks by confirming that the system performance meets the user level specification, prototyping our network design, establishing our spectrum management strategy and completing the system architecture Freedom to Operate search. Our business plan is now consolidated as result of the market and competition studies, the definition of our operational model, the establishment of the financial model and the identification and management of our risks. Out of the work performed in this Feasibility Study we have confirmed our vision of making space available to all, our mission of leveraging our knowhow and expertise to develop projects of large social impact and the strategy of making of SPACELOOP the very first one.
Thanks to the trust provided by the SME Instrument Phase 1 grant, the technical progress achieved during the Feasibility Study and the quality of our business plan, we have succeeded in receiving the support and funding from a highly trusted entity, securing the launch and the completion of the development phase of SPACELOOP.