Technology and Science

TASA Tapped To Lead Fund To Attract Private Investment in Space Industry

Published

By TaiwanPlus

Open in App

Taiwan plans to establish a fund to attract private investment into the country's space industry, supporting launch and satellite technology development and related supply chains. Science minister Wu Cheng-wen said the initiative is needed because government funding alone is insufficient to significantly expand the sector, with the Taiwan Space Agency or TASA set to lead the new fund.

Taiwan to Establish Private Space Fund

 

REPORTER:  

Taiwan is set to establish a private fund to further its ambitions in space. The fund aims to channel private investment into the space industry to support launch and satellite technology development and their supply chains. Science minister Wu Cheng-wen unveiled the plan on Wednesday, saying the government's budget is too limited to significantly strengthen the sector. The fund will be led by the Taiwan Space Agency.

 

---

 

Taiwan to Further Develop National Space Technology

 

REPORTER:  

Taiwan is set to establish a private space fund to further develop its national space technology. The fund aims to channel private investment into the space industry, supporting space technology research and development and related supply chains. National Science and Technology Council Minister Wu Cheng-Wen unveiled the plan on Wednesday, saying the government's budget remains limited to significantly strengthen the sector. The fund will be led by the Taiwan Space Agency.