Together, they established a global company focused on utilizing space-tech solutions to enhance public wellbeing, protect the environment, and create positive change in the world.
In this edition of My Business Story, the co-founders discuss their sources of inspiration, the challenges they have encountered, and how their business school experience ignited their entrepreneurial spirit.
Tell us about your business?
GB: Little Place Labs is a software company specializing in near-real-time space insights for both terrestrial and space-based applications. By deploying advanced machine learning algorithms directly on satellites, we process data in orbit, eliminating the delays associated with traditional downlinking methods.
Our solutions cater to critical sectors, including disaster detection, maritime surveillance, national security, providing rapid and actionable insights to end-users.
What inspired you to start Little Place Labs?
BL: Our inspiration stemmed from a shared passion for space technology and a desire to address global challenges through innovative solutions. An increasing reliance on satellite data highlighted inefficiencies in traditional data processing methods, motivating us to develop a more efficient approach.
GB: Our time at Oxford, surrounded by a diverse and ambitious cohort, also fueled our drive to make a meaningful impact.
Where and when did you come up with the idea for your business?
BL: The idea for Little Place Labs crystallized during our Executive MBA program at Oxford. Engaging with the Oxford Space Initiative and participating in events like the Oxford Saïd Entrepreneurship Forum provided us with the platform to explore and refine our concept. The collaborative environment and access to cutting-edge research were instrumental in shaping our vision.
Tell us about the business today?
BL: Currently, we have approximately 13 team members and have a few contracts with the US Department of Defense.
How did your business school experience contribute to launching your startup?
BL: Our Oxford experience was pivotal in the development of Little Place Labs. The support and resources provided by Saïd Business School’s faculty, the Oxford Space Initiative, and the Entrepreneurship Centre were instrumental in refining our business model and strategy. The diverse perspectives and collaborative spirit of our cohort also played a significant role in shaping our approach.
GB: The Oxford Seed Fund—which invests in startups where either a current Oxford student, alumni, or researcher is part of the founding team—was also one of our earliest investors.
In what ways do you draw upon the skillset you developed at b-school?
GB: The skills acquired during our time at Oxford are integral to our daily operations. Strategic planning, leadership, and financial acumen are essential as we navigate the complexities of the space industry. Additionally, the focus on critical thinking and adaptability has prepared us to effectively tackle challenges and seize new opportunities.
How would you describe a typical day at work for you? What does it look like?
BL: At Little Place Labs, we operate as a remote global team with members across the US, UK, and India. A typical day starts with connecting across time zones to share updates, align on priorities, and address any challenges. We then focus on our respective tasks, whether refining algorithms, engaging with clients, or exploring new opportunities.
Even though we work remotely, we maintain a strong sense of collaboration through regular communication and handoffs, ensuring consistent progress.
How has your b-school network helped with your business development?
GB: The Oxford network has been invaluable to our business development. Connections with alumni, faculty, and industry experts have provided mentorship, opened doors to partnerships, and facilitated access to funding opportunities. The collaborative ecosystem at Oxford has been a catalyst for our growth and success.
What are some of the biggest obstacles you’ve encountered so far?
BL: One of the significant challenges we faced was the longer lead times in the space industry compared to other sectors. Educating investors and stakeholders about the potential impact of our solutions required patience and persistence. We overcame this by securing high-profile validations, such as partnerships with sector leaders and contracts with the US Air Force, demonstrating the tangible benefits of our technology.
Where would you like the business to be in five years’ time?
GB: In five years, we envision Little Place Labs as a global leader in satellite edge computing and space analytics. Our goal is to expand our technology’s applications across industries such as disaster response, maritime surveillance, asset monitoring, and national security.
BL: We aim for Little Place Labs to become the “go-to” name for near-real-time space insights.
What is one surprising thing you’ve learned from starting your venture?
BL: One surprising lesson has been the immense collaboration within the space industry. Despite its competitive nature, there is a shared commitment to leveraging technology for the greater good, which has been both inspiring and instrumental in our journey.
What advice would you give to someone thinking about starting their own business?
GB: Focus on solving a real problem and ensure your solution delivers measurable value. It’s also essential to surround yourself with a strong, supportive team and seek out mentors and advisors who can guide you through the challenges.
BL: Remember, building a business is a journey, not a sprint—maintain your well-being and stay focused on your north star. Be adaptable and persistent, as success often comes from learning through setbacks and remaining committed to your vision.
Bosco and Gaurav's journey is testament to how an Executive MBA equips professionals with the leadership skills and business acumen necessary for entrepreneurship.
