South Korea commits $38 million to support space startups
The South Korean government has now established a space investment fund committed to raising $38 million to support startups in its nascent private space industry.
It will be interesting to see which management companies are selected to operate the fund and how the investment process will work. This initiative can potentially create exciting new opportunities for startups, entrepreneurs, researchers, and other stakeholders in the space industry and position South Korea as a leader in this field.
…The Korean Ministry of Science and ICT plans to invest 5 billion won [$3.8 million] this year to create a fundraising fund. The goal of creating a total fund of more than 50 billion won [$38 million] by 2027 is ambitious and demonstrates the government’s commitment to promoting private investment in the space industry.
It is very unclear what this project entails. Will the government budget the investment capital, or is it establishing a private venture capital investment firm that will in turn seek out the money from the private sector?
Either way, it appears the South Korean government wants to encourage the growth in a private commercial space industry.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
The South Korean government has now established a space investment fund committed to raising $38 million to support startups in its nascent private space industry.
It will be interesting to see which management companies are selected to operate the fund and how the investment process will work. This initiative can potentially create exciting new opportunities for startups, entrepreneurs, researchers, and other stakeholders in the space industry and position South Korea as a leader in this field.
…The Korean Ministry of Science and ICT plans to invest 5 billion won [$3.8 million] this year to create a fundraising fund. The goal of creating a total fund of more than 50 billion won [$38 million] by 2027 is ambitious and demonstrates the government’s commitment to promoting private investment in the space industry.
It is very unclear what this project entails. Will the government budget the investment capital, or is it establishing a private venture capital investment firm that will in turn seek out the money from the private sector?
Either way, it appears the South Korean government wants to encourage the growth in a private commercial space industry.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
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