500 New Space Startups by 2025? The Foundation Institute Wants to Make That Happen.

The Founder Institute plans to attract would-be space entrepreneurs to its worldwide network of incubators with generous financial incentives and mentorship from industry veterans. “This is an international call for anyone working in space or passionate about space to launch a company,” said Adeo Ressi, co-founder and chief executive of the Founder Institute, a business incubator based in Palo Alto, California. “Our goal, which admittedly might be a bit of a stretch goal, is to have 500 new space and space-exploration companies launched by 2025.”  

Since it was founded in 2009, Founder Institute has established operations in 180 cities and become one of the world’s largest incubators for technology startups, helping to establish nearly 3,000 companies. How many have been space-related? “Zero,” Ressi told SpaceNews.  “There is definitely a pipeline problem in space entrepreneurship today. We want to fix it with these incentives.”  (Click here for full article)