SRC - Space Regatta Consortium - was formed in 1990 by RSC Energia as a leader and by some other Russian space organizations and headed by Yu. Semenov, N. Sevastyanov and V. Syromiatnikov. SRC-Space Regatta Consortium with RSC Energia as a leader is carrying out an experimental program under the name Znamya (Banner). The main goal is to test large thin film deployable structures as well as some applications. 

Background: This activity and SR Consortium itself originated from worldwide competition announced in 1988 to commemorate 500 Jubilee of America discovery. The project failed because no fund was raised but the Russian team continued.

RSC Energia is a leading space and rocket enterprize which designs, develops and accomplishes launches of orbital stations, cargo and manned spacecraft, ensures flight control, trains cosmonauts. Enormous potential gained, skilled personnel, the modern experimental and production base permits the firm to tackle the most complicated and promising space programs (one of such programs is the performance of the Znamya experiment).

Space Regatta Consortium: The main goal of SR Consortium is to develop, produce and promote spacecraft basing on large thin film deployable structures.

Currently SR Consortium is the only organization in the world working practically on solarcraft, solar mirrors and space illumination system.

This activity of the Consortium is licensed by Russian Space Agency.

Open structure: SR Consortium is open to other companies to participate in the field.