Interstellar Technologies, Developer of Small Satellite Launch Rocket ZERO, Passes Stage-Gate Review in MEXT's SBIR Program
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Interstellar Technologies has announced that its development and demonstration of the small satellite launch rocket ZERO has passed the stage-gate review for the Ministry of Education, Culture, Sports, Science and Technology's (MEXT) Small Business Innovation Research (SBIR) Phase 3 program, securing new grants of up to approximately 7.37 billion JPY. The cumulative grant amount now totals up to approximately 15.44 billion JPY, with 20.1 billion JPY in private funding already raised. The first ZERO rocket is slated to carry seven private satellites, and a partnership with Toyota Motor Corporation and Woven by Toyota is underway to establish a manufacturing system for commercialization.