Top stories: May 2016
Each month we will round up some of the top stories in space, entrepreneurship, innovation, finance and technology.
Here’s our round-up for May:
Effects of changing economics on space architecture and engineering
Some interesting news on space startups. Let’s continue to innovate!
“Startup space ventures attracted $2.7 billion of investment and debt financing in 2015, of which $2.3 billion was investment, a historical record. Of the $2.3 billion total investment, $1.8 billion came from venture capital, more than the previous 15 years combined.”
Read more here.
India Launches Prototype Space Plane on 1st Test Flight
India flight-tested its robotic space plane prototype, known as the Reusable Launch Vehicle-Technology Demonstrator (RLV-TD), for the first time on May 22nd.
Planetary Resources Raises $21.1 Million in Series A Funding; Unveils Advanced Earth Observation Capability
Planetary Resources, Inc., the asteroid mining company, announced that it has secured US$21.1 million in Series A funding. The capital will be used to deploy and operate Ceres, an advanced Earth observation business that features the first commercial infrared and hyperspectral sensor platform to better understand and manage humanity’s natural resources. The funding was led by Bryan Johnson and the OS FUND; and joined by Idea Bulb Ventures; Tencant; Vast Ventures; Grishin Robotics; Conversion Capital; The Seraph Group; Space Angels Network, a syndication of investors from Angel.co; and Larry Page.
Read the full press release here.
Small satellites are back, with down-to-earth expectations
Small satellite launches have spiked since 2012, driving the growth of a complementary industry — launch vehicles. Read more here.
Every Startup Gains From An Incubator Or Accelerator
Every startup can benefit from the right incubator or accelerator, if they are realistic about their needs says Martin Zwilling, veteran startup mentor. Read more here.
4 Steps to Scaling Your Startup to the Next Level
Companies go through growth stages; lifecycles of peaks and valleys that cause it to ebb and flow with the current of the competitive landscape, which means the leader’s mindset needs to flow with it. If you aspire to grow your company, here are four things to remember when bridging the gap from small to large scale.