Space Angels Network pens Incubator Partnership with Space-Nest

LOS ANGELES, Calif., (Dec. 10, 2014) — Today Space-Nest sponsored Space Angels Network, launching a relationship that will incubate space startups. The organizations’ collaboration will connect Space Angels Network’s private capital and startup expertise with Space-Nest’s entrepreneurs. Space-Nest will also act as Space Angels Network’s Tel Aviv Network Hub, the network’s first in the Middle East.

“Space-Nest’s team is comprised of experts with a 30+ year track record of developing successful space technologies systems and applications. Their technical insight, access to a growing flow of startups, and deep ties to academic institutions and industry leaders makes them a valuable, natural fit to the Space Angels Network mission and complement to our community,” said Space Angles Network Principal, Amir Blachman.

Ofer Lapid, Co-Founder of Space-Nest said, “An appropriate framework will enable small, innovative companies with strong teams to develop emerging technologies into commercialized products. This will allow them to participate in, and accelerate “NewSpace”. Space-Nest Co-Founder Danny Shtaier added, “We believe Israel will become an increasingly significant innovator among the international space industry. Because of Space Angels Network’s capital resources, startup investment expertise and access to the space startup ecosystem, we feel they are a vital partner, and we are excited to commence the relationship.”

About Space Angels Network

Space Angels Network is a professionally managed global network of seed‐ and early‐stage investors focused specifically on aerospace ventures. Space Angels Network members share a common passion for promoting the development of the aerospace industry and related technologies while also earning attractive returns on private investments. For the latest information, follow the company on Twitter and Google+.

About Space-Nest
Space-Nest, the first space technologies and applications incubator in Israel was established by private founders and backed by the IAI. It will provide a supportive network in which space startups can grow in a fertile environment that improves their probability of success. The incubator will provide capital, technical and business mentorship, development and testing facilities, and access to capital-intensive resources otherwise unavailable to space startups. See www.space-nest.com for additional information about the organization. For the latest information, follow the company’s Facebook page and tweets.