Italian government awards former Ukrainian startup a $1.14 million development loan
A former Ukrainian startup, Kurs Orbital, has won a $1.14 million loan from Italy’s National Agency for Investment Attraction and Business Development (Invitalia) in order to build and sell its module providing rendezvous and docking capabilities for satellites.
Kurs Orbital was founded in 2021 by the former director of Ukraine’s space agency, Volodymyr Usov. After Russia invaded Ukraine in 2022, the company relocated to Turin, Italy. The company is currently developing its ARCap system, a rendezvous and proximity operations module that can be integrated with a wide range of vehicles, including satellites, orbital transfer vehicles, and even cargo or crew spacecraft. Possible applications for the technology include satellite life extension missions, in-orbit servicing, and space debris removal.
On 30 December, the company announced that it had secured a €1.1 million soft loan from Italy’s National Agency for Investment Attraction and Business Development (Invitalia). A soft loan provides the borrower with more favourable terms than traditional lenders typically offer. The loan was awarded through the agency’s Smart&Start programme, which focuses on supporting the growth of innovative startups by providing financing of between €100,000 and €1.5 million.
The Kurs rendezvous and docking system was first developed in the Ukraine for the Soviet-era space stations. When the Soviet Union broke up it continued to sell them to Roscosmos, but over time the Putin government increasingly worked to block these deals as it tried (and generally failed) to develop the capabilities within Russia. The Ukrainian companies then began marketing their products, with some success, in the west. Following Russia’s 2022 invasion of the Ukraine those companies have either died, or done what Kurs Orbital did, move to the west.
While this story might resemble the actions of the Chinese government as described in my previous post, there is one very fundamental difference. In Italy the law protects the property rights of this company. The Italian government might provide it loans and assistance, like the Chinese, but it does not have the power or right to take it over, at its whim, as the Chinese communists can.
The story also illustrates the foolishness of Russia’s power-hungry policies. It not only has wasted its youth and industry on a useless war, it has driven away companies and technology that formerly gave it capabilities it now lacks.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
A former Ukrainian startup, Kurs Orbital, has won a $1.14 million loan from Italy’s National Agency for Investment Attraction and Business Development (Invitalia) in order to build and sell its module providing rendezvous and docking capabilities for satellites.
Kurs Orbital was founded in 2021 by the former director of Ukraine’s space agency, Volodymyr Usov. After Russia invaded Ukraine in 2022, the company relocated to Turin, Italy. The company is currently developing its ARCap system, a rendezvous and proximity operations module that can be integrated with a wide range of vehicles, including satellites, orbital transfer vehicles, and even cargo or crew spacecraft. Possible applications for the technology include satellite life extension missions, in-orbit servicing, and space debris removal.
On 30 December, the company announced that it had secured a €1.1 million soft loan from Italy’s National Agency for Investment Attraction and Business Development (Invitalia). A soft loan provides the borrower with more favourable terms than traditional lenders typically offer. The loan was awarded through the agency’s Smart&Start programme, which focuses on supporting the growth of innovative startups by providing financing of between €100,000 and €1.5 million.
The Kurs rendezvous and docking system was first developed in the Ukraine for the Soviet-era space stations. When the Soviet Union broke up it continued to sell them to Roscosmos, but over time the Putin government increasingly worked to block these deals as it tried (and generally failed) to develop the capabilities within Russia. The Ukrainian companies then began marketing their products, with some success, in the west. Following Russia’s 2022 invasion of the Ukraine those companies have either died, or done what Kurs Orbital did, move to the west.
While this story might resemble the actions of the Chinese government as described in my previous post, there is one very fundamental difference. In Italy the law protects the property rights of this company. The Italian government might provide it loans and assistance, like the Chinese, but it does not have the power or right to take it over, at its whim, as the Chinese communists can.
The story also illustrates the foolishness of Russia’s power-hungry policies. It not only has wasted its youth and industry on a useless war, it has driven away companies and technology that formerly gave it capabilities it now lacks.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
Readers: the rules for commenting!
No registration is required. I welcome all opinions, even those that strongly criticize my commentary.
However, name-calling and obscenities will not be tolerated. First time offenders who are new to the site will be warned. Second time offenders or first time offenders who have been here awhile will be suspended for a week. After that, I will ban you. Period.
Note also that first time commenters as well as any comment with more than one link will be placed in moderation for my approval. Be patient, I will get to it.