Government of Canada Selects 10 Companies for SoCal-Canadian Space Accelerator, Led by Mandala Space Venture
March 6, 2024
Initiative is a two-month virtual accelerator for Canadian space small and medium enterprises (SMEs)
Mandala Space Ventures, a Pasadena-based venture studio and leader in supporting entrepreneurs and venture capitalists to successfully launch companies within the emerging new-space economy, has announced the selection of 10 Canadian space startups to take part in the SoCal – Canadian Space Accelerator.
The companies selected are:
- Baüne (Edmonton, AB) – enabling autonomous management of crew health and wellness
- GALAXIA Mission Systems Inc (Halifax, NS) – design and development of modern computation hardware and software for small satellites
- Magnestar (Toronto, ON) – platform for satellite operators, regulators, and military groups, that increases communications resiliency in contested and congested environments
- Obruta Space Solutions (Ottawa, ON) – safe, reliable, and autonomous spacecraft docking for on-orbit serving and logistics
- OroraTech Ltd. (Vancouver, BC) – revolutionizing Wildfire management with space-based data.
- Reaction Dynamics (Saint-Jean-sur-Richelieu, QC) – a space mobility company with a mission to facilitate routine space access by introducing one of the most responsive, safe, and cost-effective launch vehicles ever created together with in-space propulsion systems for satellites.
- SBQuantum (Sherbrooke, QC) – develops magnetic field maps for resilient autonomous navigation
- Wyvern (Edmonton, AB) – delivering Earth Observation imagery from satellite platforms
- Volta Space Technologies (Montreal, QC) – energy/power solution for industrial lunar economy
- Stealth Mode Company (Toronto, ON) – monitoring of atmospheric conditions in space
The initiative is a two-month virtual accelerator for Canadian space small and medium enterprises (SMEs) looking to raise between $500K to $20 million USD and to support growth and expansion of the company in Southern California. The accelerator is set to kickoff virtually on February 12th and conclude with an in-person pitch day in Los Angeles on April 4th and further programming at the Colorado Springs Space Symposium.
“Mandala Space Ventures looks forward to using our expertise in both space technology and venture fundraising to support these 10 companies as they look to grow their contacts and presence in the Southern California space ecosystem to create meaningful, long-lasting partnerships,” said Dr. Leon Alkalai, founder & CEO of Mandala Space Ventures.
The accelerator was created by the Canadian Trade Commissioner Service (TCS) with the support of the Canadian Space Agency (CSA) and Innovation, Science and Economic Development Canada (ISED).
“Congratulations to the ten Canadian companies selected for the program – they represent a diverse range of stages and technologies of the burgeoning space industry in Canada,” said Michael Willmott, Senior Trade Commissioner, Consulate General of Canada in Los Angeles, “this program will further already strong relationships between the Canadian and Southern California space ecosystems.
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