The Symposium's broad ranging theme is analysed and discussed from many viewpoints - engineering, science, policy, law, business, finance and management. Different ways in which small satellites may create larger business opportunities are examined, ranging from telecommunications systems to Earth observation applications and technology demonstrators. Information satisfying the needs of consumers is the key to success. Small satellites, which are Responsive, Adaptable and Cost Effective, will define the new space RACE. The Proceedings of this Symposium are invaluable to all people in industry, government and academia who are using space in innovative ways.