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Israel Funds Space Tech Testing for Startups with $16 Million Program
Israel's Innovation Authority and Space Agency are launching the Access 2 Space program with 60 million shekels to fund space technology testing for 15 Israeli companies. Participants will receive launch subsidies and support without relinquishing intellectual property.
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What happened
- 01Israel Innovation Authority and Space Agency allocated 60 million shekels for the Access 2 Space program.
- 02The program will fund 15 Israeli startups, academic groups, and defense companies for space technology testing.
- 03Participants receive a 35% launch subsidy and support, without giving up equity or IP rights.
- 04The initiative targets technologies applicable both in space and on Earth, including medicine and cybersecurity.
- 05Creation Space is implementing the program, which aims to reduce barriers of cost and launch delays.
The initiative aims to overcome high costs and long delays, targeting diverse sectors beyond just space applications.
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