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Tom Olson, Monday, 4-23-12 April 24, 2012

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Tom Olson, Monday, 4-23-12

http://archived.thespaceshow.com/shows/1758-BWB-2012-04-23.mp3

Guest:  Tom Olson.  Topic: NewSpace Business Plan Competition, space business opportunities.  You are invited to comment, ask questions, and discuss the Space Show program/guest(s) on the Space Show blog, https://thespaceshow.wordpress.com. Comments, questions, and any discussion must be relevant and applicable to Space Show programming. Transcripts of Space Show programs are not permitted without prior written consent from The Space Show (even if for personal use) & are a violation of the Space Show copyright.  We welcomed Tom Olson back to the program to discuss the upcoming NewSpace Business Plan Competition to be held at the NewSpace Conference in Santa Clara, CA from July 26-28, 2012.  You can find out more about the competition, the rules, the application, as well as the tools you can use in applying at http://newspacebpc.com.  Tom began our discussion by talking about the new tools available to help contestants, all of which are on the business plan website.  He also said there were three general categories for applicants:  (1) space projects; (2) space related projects; (3) space scalable.  He defined these three categories during our entire interview.  One point he made that was different from past years is that the business must be owned at least 51% U.S. citizen owned as NASA is funding the prize money.  First prize will be $100K and second prize from a NASA grant will be $10K.  The plans are for up to ten Executive Summaries being selected for Boot Camp and the final competition.  During the balance of our first segment discussion, Tom talked about the rules, ideas of business opportunities, contestant requirements, and then he introduced us to stem cell 2D Bio Printers, 3D printers and the material Graphene.  Toward the end of the first segment, questions came in about the trillion dollar asteroid concept along with asteroid mining.

In the second segment, Tom continued answering questions about the qualifications for contestants such as if a one person business was acceptable plus there were inquiries about partnerships with NASA and other public entities.  I mentioned an email I had received inquiring if the asteroid mining project in the news was the start of “Robber Barons” in space.  Tom had much to say about this.  Toward the end, Tom was asked about a Space X Texas spaceport and he brought up sponsorships for the competition.

Please post your comments/questions on The Space Show blog.   If you have questions for Tom, email businessplan@spacefrontier.org.

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