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NASA funds effort to grow space economy
NASA and the U.S. Small Business Administration have launched a joint initiative called the Small Business Investment Company Program (SBIC-NASA), aimed at boosting investments in American companies specializing in space industry components and biotechnologies. The initiative seeks to support the United States' plans to establish a sustainable presence on the Moon and Mars by identifying technological priorities and attracting private investments, with a commitment that 60% of the funds will be directed toward specific sectors, including energy technologies, nuclear propulsion, software, data materials, harsh environment systems, launch systems, and biomedical technologies.
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