July has been an exceptionally busy month for Smallspark, with a number of big announcements, and a major step forward in our business growth and development.
Earlier this month, we announced a major new partnership with Leaf Space, an Italian provider of ground segment services to satellite operators and launchers. This announcement received widespread news coverage both in regional and industry titles, and we are excited for the future of this relationship, as we work together to bring cutting edge ground station services to UK Government and private sector clients, whilst at the same time creating new skilled jobs and providing massive opportunities for investment across the sector.
We continue to build strong relationships with partners in the industry and in research, with ongoing partnerships in place with the Universities of Bath, Swansea and Southampton, to support the development of our artificial intelligence, algorithms and propulsion systems.
We also became the only UK company to receive two rounds of funding from SPRINT, with £100,000 earmarked for work with The University of Southampton on the development of our high performance AI tools, and £50,000 to work with The University of Bath to investigate new manufacturing technologies for our propulsion systems.
But the biggest news of the month has surrounded preparations for our exciting new funding round, which commenced on 3 August, to support the development of our AI-powered, low-cost rocket engines for orbital and sub-orbital launch. If successful, this funding round will give us the capacity to advance our test launch functionality, and the development of a fully commercial version of our existing artificial intelligence.
We continue to go from strength to strength, and as the UK continues its recovery from the coronavirus pandemic, we look forward to continuing to grow the business, strengthen links with industry and academia, and make a positive, ongoing difference in our communities, and to the environment.