NASA enters venture capital partnership

Sep 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: Google exec makes record skydive from edge of space

add to favorites email to friend print save as pdf

Related Stories

Alibaba signals that China is an innovative tech center

May 16, 2014

When most people think of the Chinese tech industry, they probably envision vast Foxconn factories with armies of workers churning out iPhones and laptops. And Silicon Valley, in this popular view, is the world's tech innovation ...

New action plan to save Madagascar's at-risk lemurs

Feb 21, 2014

Contrary to the film of DreamWorks' imagining, Madagascar is not ruled by King Julien and his colony of lemurs. In fact the status of the lemurs on the island – the only place on earth that they exist – ...

Young tech moguls try to change world with pet projects

Aug 15, 2013

Google's Sergey Brin puts his money where his meat is, funding the world's first test-tube hamburger in a bid to change the way the world eats. Tesla's Elon Musk pushes space tourism as a down payment on ensuring our intergalactic ...

Recommended for you

Hinode satellite captures X-ray footage of solar eclipse

12 hours ago

The moon passed between the Earth and the sun on Thursday, Oct. 23. While avid stargazers in North America looked up to watch the spectacle, the best vantage point was several hundred miles above the North ...

Asteroid 2014 SC324 zips by Earth Friday afternoon

22 hours ago

What a roller coaster week it's been. If partial eclipses and giant sunspots aren't your thing, how about a close flyby of an Earth-approaching asteroid?  2014 SC324 was discovered on September 30 this ...

User comments : 0