US early-stage investment group Space Angels Network is teaming up with Sweden’s first space accelerator to support new ventures across Scandinavia.
The agreement with Space Travel Alliance (STA) will see them work together to connect commercial space…
US early-stage investment group Space Angels Network is teaming up with Sweden’s first space accelerator to support new ventures across Scandinavia.
The agreement with Space Travel Alliance (STA) will see them work together to connect commercial space ventures with investment capital as the number of new start-ups in the sector continues to rise.
Chad Anderson, managing director of Space Angels Network, said: “Sweden is capitalising on the opportunities within the emerging commercial space sector. Our partnership will provide access to a new stream of quality deal flow from Scandinavia, which is a region well-poised to be at the forefront of the new space race.”
The Space Angels Network was set up in 2006 by Esther Dyson, Stephen Fleming, David Rose and Ed Tuck to bring investors and entrepreneurs together through a series of international investment hubs.
STA was announced this month and, as well as launching a space accelerator, it has ambitions to provide commercial suborbital spaceflights for tourism, research, development and education, astronaut training and space adventures.
It aims to operate these flights in partnership with Spaceport Sweden, a group looking to use its base in Kiruna, the northernmost town in Sweden, to create Europe’s primary spaceport for personal suborbital spaceflight.
STA has also partnered with the Space Centre at Sweden’s KTH Royal Institute of Technology, led by Swedish astronaut Christer Fuglesang.
The group’s advisers also include Anousheh Ansari, co-founder and chairman of technology firm Prodea Systems and the first self-funded woman to fly to the International Space Station, and Space Law Advisors founder Rolf Olofsson.
