From zeenews.india.com:

If you are a space enthusiast and planning to built a your own low cost space-bound satellite, then here is a great news for you!

Scientists at Arizona university have developed a tiny satellite- the size of a matchbox- that will drastically the cut cost of highly expensive space missions in near future.

This concept is developed under SunCube platform and the name of the tiny yet affordable satellite is Femosat.