TRAVERSE CITY, Mich., August 31, 2021 (SpaceFund PR) — SpaceFund, a world-leading space venture capital firm, announced today at the North American Space Summit, the formation of its SpaceFund Labs idea incubator. The goal of this new division of SpaceFund is to capture and turn exciting ideas into funded businesses by creating a unique incubation plan for each idea that is accepted into the program.

“SpaceFund Labs is about discovering and nurturing the most brilliant ideas in AI, biotech, fintech, materials science, quantum mechanics and more to enhance humanity’s future in space,” said Meagan Crawford, co-founder and managing partner of SpaceFund. “SpaceFund Labs will take the best ideas that apply to space and turn them into profitable businesses.”