Space VCs: Focus on Commercial Success while Pursuing Govt. Contracts

Navigating Government Contracts for Space Startups

Space technology startups face a crucial decision when it comes to bidding on government contracts, particularly those provided through the Small Business Innovation Research (SBIR) program. While these contracts offer much-needed early funding, they can also consume significant time and resources, potentially detracting from a startup’s commercialization efforts. Timur Davis, investment director at Munich Re Ventures, emphasizes the importance of carefully weighing the risks and rewards associated with government contracts.