Business Services Industry
SpaceVest Signs Memorandum of Understanding With NASA; Agreement Designed to Advance Space Commercialization
Business Wire, Oct 14, 1997
RESTON, Va.--(BUSINESS WIRE)--Oct. 14, 1997--SpaceVest, the space industry's leading venture capital firm, has signed a memorandum of understanding (MOU) with NASA. Under the agreement, the two organizations will cooperate on a variety of initiatives to enhance the commercial attractiveness of space industry businesses.
"As a pioneer in the investment of private equity in commercially oriented space industry companies, SpaceVest is clearly focused on business issues," said NASA administrator Daniel Goldin. "Public/private initiatives are critical to the successful commercialization of space. SpaceVest's experience will help NASA develop and implement such initiatives and facilitate significant commercial development."
The MOU allows NASA to access SpaceVest's expertise in finance, investment, and risk management as the space agency expands its commercialization programs. In addition, the two organizations have agreed to share non-proprietary data on the global space industry. Finally, the agreement allows for coordinated development and implementation of financial initiatives to promote commercialization and commercial use of NASA-funded facilities, technology, and resources.
"This agreement reflects NASA's commitment to supporting successful space commercialization," said John Higginbotham, SpaceVest's president and managing general partner. "We look forward to working together with NASA to develop mechanisms that can help us increase the availability of private capital for space industry companies."
SpaceVest, a unique private equity organization supported by leading financial institutions, focuses on developing companies involved in space-related applications in a broad array of markets. These applications include wireless telecommunications, local loop telephony, positioning systems, advanced satellite remote sensing, geographical information systems, telemedicine, advanced security systems, software tools, and other high-growth areas.
CONTACT: KSK Communications
Alex Kozlov
703/734-1880
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Most Popular Business Publications
Content provided in partnership with
