Space Florida will manage a $2 million competition intended to advance technologies and markets for tiny satellites, NASA announced today.
To win the prize, participants in the Nano-Satellite Launch Challenge must launch a satellite weighing at least 2.2 pounds into Earth orbit twice within a week.
A first launch attempt is expected next summer.
A new nonprofit called the Space Florida Small Satellite Research Center will be set up to manage the competition, one of 22 Centennial Challenges funded by NASA since 2005.
Space Florida's board of directors is expected to approve the agency's creation of the nonprofit and management of the competition at a 2:30 p.m. meeting Wednesday in Fort Lauderdale.