The new program also includes the establishment of a satellite for research purposes, increasing the number of researchers and high school graduates working in the field.
TEL AVIV (Israel Space Agency PR) — Israel’s strategic plan for space development is unveiled for the first time: an investment of NIS 600 million [USD $179.96 million] over a five-year period, with the aim of doubling the number of local space companies and quadrupling the volume of annual sales in the field. The goals of the program are also, among other things, to increase the number of high school graduates who have dealt in a tangible way in the field as well as the number of space researchers in academia.
The strategic plan for the advancement of the field of civil space in Israel was presented by the Israel Space Agency to the ministry of Innovation, Science and Technology Orit Farkash-Hacohen. This follows her request to map in detail the space of opportunity as well as the vision, goals and actions required to take advantage of these opportunities. In the background of the program is the dramatic change that has taken place in the field of space in the world in recent years, with the opening of space to entrepreneurs and private investors and its transformation into a growing and developing market.(more…)