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updated 10/11/2012 8:34:16 PM ET 2012-10-12T00:34:16

A new startup company called Uwingu, which aims to offer an alternative funding source for space projects, is gearing up to launch its first product soon.

Uwingu, which means "sky" in Swahili, will aim to provide money for space exploration, research and education at a time when government funding is tight. To do this, the company plans to sell a series of products and use the revenue for science. The firm also raised startup money on the crowd-funding site IndieGoGo, surpassing its goal of $75,000 by an extra $4,896.

Company officials have been tight-lipped about what kind of products it will sell, saying only that they plan to unveil the first product by the end of this month or early November, and begin to sell it in early 2013.

"People won't remember the IndieGoGo campaign — it'll be dwarfed by a factor of 100 or 1,000 by our sales," Uwingu co-founder Alan Stern, a planetary scientist, told Space.com. "That's the power of Uwingu: making products people want to use that generate money." [Planetary Science Takes a Hit in 2013 (Infographic)]

The firm will plan to launch new products periodically.

"Every several months there'll be something new and different from Uwingu," Stern said. "We'll see what people like and respond to that."

The first project Uwingu will fund is SETI, the search for extraterrestrial intelligence. The firm pledged to donate half of any money raised beyond the $75,000 goal in the IndieGoGo campaign to the SETI Institute's Allen Telescope Array, a set of 42 radio dishes in Northern California that are searching for signs of civilizations in the universe.

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"In fact, we've already cut them a check," Stern said. And SETI is intended to be the first of thousands of projects Uqingu hopes to fund, with a mix of many small projects and a few larger ones.

"We'll pick some strategic projects like SETI," Stern said. "We expect most of the projects we fund to come from individual researchers or organizations who come to us with proposals."

Uwingu is just getting off the ground, but already its founders are excited by the enthusiasm the project has been met with, including the flood of donations to the IndieGoGo campaign.

"We worked in private just ourselves for a couple of years," Stern said. "It's been hugely motivating for us to go public and go campaigning and to see people backing it."

Follow Clara Moskowitz on Twitter @ClaraMoskowitz or Space.com @Spacedotcom. We're also on Facebook and Google+.

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Photos: Month in Space: January 2014

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  1. Southern stargazing

    Stars, galaxies and nebulas dot the skies over the European Southern Observatory's La Silla Paranal Observatory in Chile, in a picture released on Jan. 7. This image also shows three of the four movable units that feed light into the Very Large Telescope Interferometer, the world's most advanced optical instrument. Combining to form one larger telescope, they are greater than the sum of their parts: They reveal details that would otherwise be visible only through a telescope as large as the distance between them. (Y. Beletsky / ESO) Back to slideshow navigation
  2. A balloon's view

    Cameras captured the Grandville High School RoboDawgs' balloon floating through Earth's upper atmosphere during its ascent on Dec. 28, 2013. The Grandville RoboDawgs’ first winter balloon launch reached an estimated altitude of 130,000 feet, or about 25 miles, according to coaches Mike Evele and Doug Hepfer. It skyrocketed past the team’s previous 100,000-feet record set in June. The RoboDawgs started with just one robotics team in 1998, but they've grown to support more than 30 teams at public schools in Grandville, Mich. (Kyle Moroney / AP) Back to slideshow navigation
  3. Spacemen at work

    Russian cosmonauts Oleg Kotov, right, and Sergey Ryazanskiy perform maintenance on the International Space Station on Jan. 27. During the six-hour, eight-minute spacewalk, Kotov and Ryazanskiy completed the installation of a pair of high-fidelity cameras that experienced connectivity issues during a Dec. 27 spacewalk. The cosmonauts also retrieved scientific gear outside the station's Russian segment. (NASA) Back to slideshow navigation
  4. Special delivery

    The International Space Station's Canadian-built robotic arm moves toward Orbital Sciences Corp.'s Cygnus autonomous cargo craft as it approaches the station for a Jan. 12 delivery. The mountains below are the southwestern Alps. (NASA) Back to slideshow navigation
  5. Accidental art

    A piece of art? A time-lapse photo? A flickering light show? At first glance, this image looks nothing like the images we're used to seeing from the Hubble Space Telescope. But it's a genuine Hubble frame that was released on Jan. 27. Hubble's team suspects that the telescope's Fine Guidance System locked onto a bad guide star, potentially a double star or binary. This caused an error in the tracking system, resulting in a remarkable picture of brightly colored stellar streaks. The prominent red streaks are from stars in the globular cluster NGC 288. (NASA / ESA) Back to slideshow navigation
  6. Supersonic test flight

    A camera looking back over Virgin Galactic's SpaceShipTwo's fuselage shows the rocket burn with a Mojave Desert vista in the background during a test flight of the rocket plane on Jan. 10. Cameras were mounted on the exterior of SpaceShipTwo as well as its carrier airplane, WhiteKnightTwo, to monitor the rocket engine's performance. The test was aimed at setting the stage for honest-to-goodness flights into outer space later this year, and eventual commercial space tours.

    More about SpaceShipTwo on PhotoBlog (Virgin Galactic) Back to slideshow navigation
  7. Red lagoon

    The VLT Survey Telescope at the European Southern Observatory's Paranal Observatory in Chile captured this richly detailed new image of the Lagoon Nebula, released on Jan. 22. This giant cloud of gas and dust is creating intensely bright young stars, and is home to young stellar clusters. This image is a tiny part of just one of 11 public surveys of the sky now in progress using ESO telescopes. (ESO/VPHAS team) Back to slideshow navigation
  8. Fire on the mountain

    This image provided by NASA shows a satellite view of smoke from the Colby Fire, taken by the Multi-angle Imaging SpectroRadiometer aboard NASA's Terra spacecraft as it passed over Southern California on Jan. 16. The fire burned more than 1,863 acres and forced the evacuation of 3,700 people. (NASA via AP) Back to slideshow navigation
  9. Where stars are born

    An image captured by NASA's Spitzer Space Telescope shows the Orion Nebula, an immense stellar nursery some 1,500 light-years away. This false-color infrared view, released on Jan. 15, spans about 40 light-years across the region. The brightest portion of the nebula is centered on Orion's young, massive, hot stars, known as the Trapezium Cluster. But Spitzer also can detect stars still in the process of formation, seen here in red hues. (NASA / JPL-Caltech) Back to slideshow navigation
  10. Cygnus takes flight

    Orbital Sciences Corp.'s Antares rocket rises from NASA's Wallops Flight Facility on Wallops Island, Va, on Jan. 9. The rocket sent Orbital's Cygnus cargo capsule on its first official resupply mission to the International Space Station. (Chris Perry / NASA) Back to slideshow navigation
  11. A long, long time ago...

    This long-exposure picture from the Hubble Space Telescope, released Jan. 8, is the deepest image ever made of any cluster of galaxies. The cluster known as Abell 2744 appears in the foreground. It contains several hundred galaxies as they looked 3.5 billion years ago. Abell 2744 acts as a gravitational lens to warp space, brightening and magnifying images of nearly 3,000 distant background galaxies. The more distant galaxies appear as they did more than 12 billion years ago, not long after the Big Bang. (NASA / NASA via AFP - Getty Images) Back to slideshow navigation
  12. Frosty halo

    Sun dogs are bright spots that appear in the sky around the sun when light is refracted through ice crystals in the atmosphere. These sun dogs appeared on Jan. 5 amid brutally cold temperatures along Highway 83, north of Bismarck, N.D. The temperature was about 22 degrees below zero Fahrenheit, with a 50-below-zero wind chill.

    Slideshow: The Year in Space (Brian Peterson / The Bismarck Tribune via AP) Back to slideshow navigation
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