New accelerator launched for satellite technologyApr. 2, 2015
ImageSat International, which develops satellite sensors, and the Incentive incubator, controlled by the Peregrine Ventures fund, are launching an accelerator for startups developing satellite information-based applications.
ImageSat and Incentive announced that they planned to invest NIS 15 million in five-six startups in this field over the next two years. Entrepreneurs must submit their candidacy by mid-May. Each venture will receive $600,000, with the possibility of a later follow-on investment by Peregrine. Incentive is an incubator that currently divides its activity between the life sciences, which account for the bulk of its activity, and computer and communications technologies.
Incentive now wants to expand its business to include special expertise in other fields. Incentive CEO Lior Shahory explains, "In recent years, we have seen rapid progress in the development of technologies making it possible to put satellites into space at ever-decreasing cost.
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