MDA Space Ltd. (TSX: MDA) (NYSE: MDA), a trusted mission partner to the rapidly expanding global space industry, announced today the launch of MDA Space LaunchPad Ventures, a new strategic program focused on identifying and investing in Canadian small and medium businesses (SMBs) developing space and defence technologies.
Designed to help fund and accelerate the development of space and defence capabilities that address Canada’s strategic sovereign priorities and emerging market opportunities, MDA Space LaunchPad Ventures is focused on helping Canadian innovators scale solutions that equip, sustain, and modernize the Canadian Armed Forces and Allied Forces. The program has identified 25 focus areas for investment aligned to Canada’s priorities.
“Canadian industry has the business ambition, innovation mindset and technology talent to develop and commercialize next generation space and defence products and solutions,” said Mike Greenley, CEO of MDA Space. “With MDA Space LaunchPad Ventures we are looking to unlock, accelerate and strengthen the country’s space and defence industrial base, reinforce sovereign capabilities, and ensure that the next generation of mission-critical and export ready technology is built here at home.”
Tapping into the space and defence technology expertise and business ecosystems of MDA Space and 49North, SMBs that are selected to participate will also benefit and have access to a wide range of additional supports and potential opportunities to participate in future programs.
For More Information about MDA Space LaunchPad Ventures:
Businesses seeking investment from MDA Space LaunchPad Ventures, can submit applications at https://mda.space/launchpad-ventures-application.
Organizations interested in collaborating with MDA Space LaunchPad Ventures to develop the Canadian Space & Defence industry should contact Shawn Roy, Senior Director of Corporate Development and manager of MDA Space LaunchPad portfolio companies at [email protected].
ABOUT MDA SPACE
Building the space between proven and possible, MDA Space (TSX:MDA) (NYSE:MDA) is a trusted mission partner to the global defence and space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The global MDA Space team of more than 4,000 space experts has the knowledge and know-how to turn an audacious customer vision into an achievable mission — bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that’s been in our DNA since day one. For those who dream big and push boundaries on the ground and in the stars to change the world for the better, we’ll take you there. For more information, visit mda.space.
Source : MDA Space
