KENNEDY SPACE CENTER, FL. (December 18th, 2013) – The Center for the Advancement of Science in Space (the ISS National Lab) today announced a partnership with Angelus Funding to identify and possibly fund new and intriguing start-up commercial projects destined for the International Space Station (ISS) that are capable of benefiting life on Earth.
Angelus Funding is a network of members who come from the financial, technology, medical and legal industries. Angelus Funding members evaluate and invest in a broad range of start-up to early stage opportunities across a range of disciplines, including technology, energy, and life sciences. the ISS National Lab is the nonprofit organization promoting and managing research onboard the International Space Station (ISS) U.S. National Laboratory.
This partnership leverages Angelus Funding’s considerable access to capital and collection of professionals capable of identifying opportunistic commercial projects that result from the unique environment provided on the ISS National Lab. Angelus Funding will then present these opportunities to its members for potential investment. the ISS National Lab itself will receive no investment but acts as a conduit for bringing together Angelus and potential candidates for funding.
“We are very excited about bringing forward-thinking and impactful investment opportunities to our network and members,” said Angelus Funding Chief Executive Officer, Stephan Reckie. “We are also in constant dialogues with other investment groups to share opportunities where we see a good fit,” adds Angelus Funding Chief Financial Officer, Jerome Wong.
“Today’s announcement signifies the key role that outside investors can play in bringing capable, near flight-ready projects to the ISS that otherwise might not be possible,” said the ISS National Lab Director of Development and Interim Director of Business Development, Ed Harris. “Angelus Funding has a unique ability to understand commercial trends and opportunities, and we look forward to working alongside them as we both push the limits of what is possible on our Nation’s only orbiting laboratory.”
# # #
About the ISS National Lab: The Center for the Advancement of Science in Space (the ISS National Lab) was selected by NASA in July 2011 to maximize use of the International Space Station (ISS) U.S. National Laboratory through 2020. the ISS National Lab is dedicated to supporting and accelerating innovations and new discoveries that will enhance the health and wellbeing of people and our planet. For more information, visit www.issnationallab.org.
About the ISS National Laboratory: In 2005, Congress designated the U.S. portion of the International Space Station as the nation’s newest national laboratory to maximize its use for improving life on Earth, promoting collaboration among diverse users and advancing STEM education. This unique laboratory environment is available for use by other U.S. government agencies and by academic and private institutions, providing access to the permanent microgravity setting, vantage point in low earth orbit and varied environments of space.
About Angelus Funding: Founded in 2012, Angelus Funding provides opportunities for its members to invest in early-stage companies while helping the companies accelerate into market dominant positions. For more information, visit www.angelusfunding.com.
# # #