The Briefing Room

General Category => Science, Technology and Knowledge => Space => Topic started by: kevindavis007 on March 29, 2018, 01:19:30 am

Title: New fund to boost Japanese space startups
Post by: kevindavis007 on March 29, 2018, 01:19:30 am

WASHINGTON — The Japanese government, working with private ventures, announced plans March 20 to establish a nearly billion-dollar fund to support the development of space startups in the country.

Prime Minister Shinzō Abe announced the new initiative, whose cornerstone is a pool of 100 billion yen ($940 million) of venture capital to be offered over five years to companies in the space sector in the country. That funding will be provided by the Development Bank of Japan, Industrial Innovation Organization, and other organizations, although the announcement didn’t state how much funding would come from each organization.

Another element of the “support package” for space venture development is a program that matches investors, including individual investors and companies, with startup companies. Government documents listed 46 members of this “S-Matching” program, ranging from satellite operator Sky Perfect JSAT to Japan Airlines Corporation and Nikon.

Read More: http://www.isn-news.net/2018/03/new-fund-to-boost-japanese-space.html (http://www.isn-news.net/2018/03/new-fund-to-boost-japanese-space.html)