Recently in the Commerce Category

NASA has selected 14 proposals from small business and research institution teams to continue development of innovative technologies that are needed for future NASA missions and could become viable commercial products and services. The Phase II selectees in NASA's Small Business Technology Transfer (STTR) Program may enter negotiations for possible contract awards, worth a combined total of approximately $9.8 million. High-tech firms in seven states submitted proposals in partnership with research institutions in nine states.

Kentucky Space LLC today announced the creation of Space Tango, one of the nation's first business accelerators specifically for space enterprises and entrepreneurs. Space Tango is an early-stage venture fund, business accelerator and community of entrepreneurs for space-driven startups, with the goal of assisting businesses in developing innovations, novel applications and diverse markets. The global space marketplace is now poised for significant growth and opportunity. Unprecedented access to space coupled with the rapid advancement of micro technologies and other innovations are combining to create a dynamic space industry. The 2013 report from the Space Foundation noted that "The global space economy grew by nearly 7% in 2012 reaching a new record of $304.31 billion. As in previous years, the vast majority of this growth was in the commercial sector, which now constitutes nearly three-quarters of the space economy, with government making up the rest".