India  

NASA Invested $45 Million In Seeding Cutting-Edge U.S. Space Businesses

Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
NASA Invested $45 Million In Seeding Cutting-Edge U.S. Space Businesses

NASA Invested $45 Million In Seeding Cutting-Edge U.S. Space Businesses

NASA Invested $45 Million, In Seeding Cutting-Edge , U.S. Space Businesses.

NASA is looking to accelerate the development of new technologies at hundreds of small aerospace businesses.

NASA is looking to accelerate the development of new technologies at hundreds of small aerospace businesses.

TechCrunch reports that the grant program comes as part of a broader government goal of seeding cutting-edge U.S. enterprises.

NASA's Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs gave grants to 249 small businesses and 39 institutions.

NASA's Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs gave grants to 249 small businesses and 39 institutions.

TechCrunch reports that each $150,000 grant adds up for a total investment of $45 million.

Among those companies are Starfish Space, which was given an SBIR grant to continue developing its Nautilus docking and capture mechanism.

The Argo Space Corporation was awarded a grant for its reusable transfer spacecraft known as the Argonaut.

Winning an SBIR grant, in addition to the resources that it brings in, can connect the company to an agency like NASA, [which] builds relationships, provides access to experts and insight, Carissa Christensen, CEO and founder of analytics firm BryceTech, via TechCrunch.

According to Carissa Christensen, CEO and founder of BryceTech, the relatively small grants signal NASA's potential interest in purchasing the tech in the future.

It’s a demand signal that I think is relevant and that I think investors value, Carissa Christensen, CEO and founder of analytics firm BryceTech, via TechCrunch.

TechCrunch reports that companies involved in Phase 1 have the option to apply for an $850,000 Phase II grant as well as further opportunities.


You Might Like


πŸ’‘ newsR Knowledge: Other News Mentions

NASA NASA American space and aeronautics agency

SpaceX rescue mission to bring stranded astronauts back to Earth docks at ISS [Video]

SpaceX rescue mission to bring stranded astronauts back to Earth docks at ISS

NASA decided using the Boeing Starliner capsule to bring Butch Wilmore and Suni Williams back to Earth was too risky following a string of technical glitches on their outwards journey.

Credit: euronews (in English)    Duration: 01:17Published
NASA's largest-ever planetary spacecraft is due to launch next month [Video]

NASA's largest-ever planetary spacecraft is due to launch next month

The spacecraft is approximately 5 m tall and measures over 30.5 m in width with its arrays fully extended.

Credit: euronews (in English)    Duration: 02:04Published
NASA preparing mission to bring stranded Boeing Starliner astronauts back to Earth from ISS [Video]

NASA preparing mission to bring stranded Boeing Starliner astronauts back to Earth from ISS

Places on NASA’s Crew-9 mission have been reduced to make room for Wilmore and Williams on the return trip.

Credit: euronews (in English)    Duration: 01:25Published
Soyuz space capsule carries 2 Russians and 1 American back from International Space Station [Video]

Soyuz space capsule carries 2 Russians and 1 American back from International Space Station

On board the capsule were Roscosmos cosmonauts Oleg Kononenko and Nikolai Chub and NASA astronaut Tracy Dyson. The two Russians broke the record for the longest continuous stay at the space station.

Credit: euronews (in English)    Duration: 00:35Published
Boeing's Starliner returns to Earth without NASA pilots [Video]

Boeing's Starliner returns to Earth without NASA pilots

Credit: FRANCE 24 English    Duration: 01:50Published