A new conference and expo is set to launch in Houston next year that will bring together various sectors of the aerospace and science industries to capitalize on the economic development potential of space.

SpaceCom will be an annual conference taking place each fall in Space City, USA, otherwise known as Houston. The event will focus on the creation of new business models that the application of innovative technologies to help companies engage in the growing business of space.

"The impact of space commerce is already being felt across the economy, as businesses in industry sectors such as medical, energy, communications, manufacturing, and transportation see bottom-line benefits from new space technologies and exploration-creating unprecedented opportunities to develop new partnerships and business relationships across the aerospace eco-system, and to expand the industry as a whole," said Ellen Ochoa, NASA's Johnson Space Center director and SpaceCom advisory board chairman. "I look forward to the ideas and innovations that will emerge from the discussions and presentations shared at the event."

The first SpaceCom conference is set for Nov. 17-19, 2015 at the George R. Brown Convention Center.

In 2012, the global space economy grew by nearly 7 percent, with the vast majority of the market fueled by the commercial sector. SpaceCom, a partnership between the Greater Houston Convention and Visitors Bureau (GHCVB), Houston First Corp. and National Trade Productions Inc., will address the massive transformation and growth taking place across the aerospace market driven by the rise of privately-funded companies, the development of innovative technologies and business models, new approaches to public-private collaboration, and the application of space technologies to industries across the economy.

The conference's advisory board is comprised of senior executives from companies including Boeing, Lockheed Martin, NanoRacks, XCOR, GE, Shell, Texas Medical Center, Satellite Applications Catapult, NASA Ames Research Center, and vital Houston-area stakeholders. Academic advisors from Rice University and the University of Houston are also participating to create a one-of-a-kind industry exchange.