NanoSatisfi Raises $1.2M To Disrupt The Aerospace Industry With Small, Affordable Satellites
For years, Peter Platzer was pretty close to a stereotypical rocket scientist on Wall Street — he was trained as a high-energy physicist, but he spent most of his professional career in finance. But he told me he's always had an interest in space exploration, and now he's working on an aerospace startup called NanoSatisfi, which just raised $1.2 million in seed funding. Platzer said he avoided the industry in the past because it was slow and government-dominated, with little innovation. It took an enormous amount of time and money to launch satellites, which meant that the technology on those satellites lagged behind what was available on the ground.
Good News For Entrepreneurs On Fiscal Cliff: R&D Tax Credit Extended
The government gave the nation's suit-and-tie mad scientists a tax break again this year, agreeing to extend the much-loved R&D tax credit. "We can't keep cutting things like basic research and new technology and still expect to succeed in a 21st-century economy," said President Obama, hailing Congress's passage of a budget related to the so-called "fiscal cliff."