NASA and SBA launch SBIC-NASA initiative to boost American space industry

NASA and the U.S. Small Business Administration launched the SBIC-NASA Initiative on Monday to increase investment in American manufacturers of industrial components and providers of technologies critical to space exploration to support a sustained presence on the Moon and Mars.

Under the Memorandum of Agreement, NASA will identify technology priorities and connect businesses to funding opportunities through the agency’s new NASA Office of Strategic Capital. The initiative will also be a part of the SBA’s Small Business Investment Company (SBIC) Program, which provides leverage that matches private capital raised by investment funds and is designed to enhance fund-level investment returns.

“To achieve President Trump’s National Space Policy, NASA needs a stronger industrial base capable of moving at the speed this new space race demands,” said NASA Administrator Jared Isaacman.

United States

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