Luxembourg Space Agency approves EUR 1 million grant to Kleos Space
by Staff Writers
Luxembourg (SPX) Jun 17, 2019
Kleos Space reports that the Luxembourg Space Agency (LSA) has approved an additional EUR euro 1,000,000 financial grant (non-equity) support for data product development.
Currently, the Grand Duchy of Luxembourg is home to approximately 50 space companies and research labs. The space sector's contribution to the nation's GDP is among the highest ratios in Europe.
The country's expertise in international finance and dedicated funding resources fosters the sustainable and ongoing development of the country's space capabilities.
With the funding support approval from the Luxembourg Space Agency, Kleos has entered the European Space Agency Business Applications programme process and aims to be on contract with initial funding receipts by the end of 2019.
The funding, conditional on successful launch of the Kleos Scouting Mission, will be applied towards further developing Kleos data products, enhancing capability and increasing revenues.
Andy Bowyer, CEO of Kleos Space said, "The Luxembourg Space Agency eco system is highly supportive of commercial enterprises, assisting with product development financing and also licencing."
Study Input Informs NASA Course for a Vibrant Future Commercial Space Economy
Washington DC (SPX) May 30, 2019
New insights from companies in the growing space economy are helping NASA chart a course for the future of commercial human spaceflight in low-Earth orbit. Input the companies provided to NASA as part of the studies will inform NASA's future policies to support commercial activities that enable a robust low-Earth orbit economy. NASA selected the following companies to complete studies about the commercialization of low-Earth orbit and the International Space Station, assessing the potential growth ... read more
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