NASA enters venture capital partnership

September 20, 2006

NASA says it has joined with Red Planet Capital Inc. of San Mateo, Calif., to gain access to new and innovative scientific technologies.

National Aeronautics and Space Administration officials said Red Planet, a non-profit organization, will establish a strategic venture capital fund to provide the agency earlier and broader exposure to emerging technologies.

The program is designed to promote the future availability of technologies with both government and commercial applications that can meet NASA's future mission requirements, officials said.

Red Planet Capital will use venture capital and a NASA investment of approximately $75 million during a 5-year period to attract private sector innovators and investors who typically have not done business with the agency.

Copyright 2006 by United Press International

Explore further: Two-hat Dorsey is key figure in Silicon Valley

Related Stories

Two-hat Dorsey is key figure in Silicon Valley

November 19, 2015

With the market debut of mobile payments startup Square, Jack Dorsey becomes a pivotal figure in Silicon Valley as the chief executive of two major publicly traded tech companies.

Many left behind as Silicon Valley rebounds

March 10, 2013

(AP)—On a morning the stock market was sailing to a record high and a chilly storm was blowing into Silicon Valley, Wendy Carle stuck her head out of the tent she calls home to find city workers duct taping an eviction ...

IBM nurturing nascent technology startups

March 31, 2010

IBM on Wednesday launched a Global Entrepreneur initiative aimed at helping fledgling startups devoted to putting new technologies to work for traditional business or government operations.

Recommended for you

Earth might have hairy dark matter

November 23, 2015

The solar system might be a lot hairier than we thought. A new study publishing this week in the Astrophysical Journal by Gary Prézeau of NASA's Jet Propulsion Laboratory, Pasadena, California, proposes the existence of ...

The hottest white dwarf in the Galaxy

November 25, 2015

Astronomers at the Universities of Tübingen and Potsdam have identified the hottest white dwarf ever discovered in our Galaxy. With a temperature of 250,000 degrees Celsius, this dying star at the outskirts of the Milky ...

Scientists detect stellar streams around Magellanic Clouds

November 23, 2015

(—Astronomers from the University of Cambridge, U.K., have detected a number of narrow streams and diffuse debris clouds around two nearby irregular dwarf galaxies called the Magellanic Clouds. The research also ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.