The Belarusian State University has created Belarus’ first university nanosatellite. Universities all over the world have been known to develop such extremely small spacecraft. Nanosatellites are cheaper and faster to produce than large satellites for the remote sensing of the Earth, but capabilities of the former are getting closer and closer to capabilities of the latter. Such extremely small spacecraft represent a kind of a flying education and research lab for university students. Nanosatellites can be used to cheaply and promptly test new technologies, acquire and process space data, and offer practical training to aerospace industry specialists.