{"id":72665,"date":"2021-05-03T13:15:00","date_gmt":"2021-05-03T11:15:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=72665"},"modified":"2021-05-03T12:19:37","modified_gmt":"2021-05-03T10:19:37","slug":"11-million-euros-for-isar-aerospace","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/72665\/11-million-euros-for-isar-aerospace\/","title":{"rendered":"11 million euros for Isar Aerospace"},"content":{"rendered":"<div class=\"entry-content\">\n<p>Isar Aerospace won the main round of the German Space Agency&#039;s microlauncher competition at the German Aerospace Center (DLR). A jury of experts selected the Munich-based startup for Phase 2. <strong>Peter Altmaier<\/strong>, Federal Minister for Economic Affairs and Energy, congratulated the young company, which only in December last year <a href=\"\/en\/67363\/isar-aerospace-receives-75-million-euros\/\">secured financing of 75 million euros<\/a>:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;On behalf of the German Federal Government, I warmly congratulate Isar Aerospace Technologies GmbH, the winner of the main round of the Microlauncher competition. This New Space competition is an ideal tool to give young German companies a good start in a global future market. This approach stabilizes startups during the difficult start-up phase of their business and significantly improves their future prospects.&quot;<\/p><\/blockquote>\n\n\n\n<p>With this profit, Isar Aerospace will now receive 11 million euros from the \u201cBOOST!\u201d initiative in the \u201cCommercial Space Transportation Services and Support\u201d (C-STS) program of the <a href=\"http:\/\/www.esa.int\/Space_in_Member_States\/Germany\" target=\"_blank\" rel=\"noreferrer noopener\">European Space Agency ESA<\/a> for the qualification and two demonstration flights of its &quot;Spectrum&quot; launch vehicle in 2022-2023. The Munich-based startup focuses on small launch vehicles (microlaunchers) that transport modern small satellites weighing up to 500 kilograms. Lower production costs for the vehicles should make it possible to cost-effectively launch entire swarms of satellites into Earth&#039;s orbit.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;We are building the next generation of rockets (launchers) in Europe. I am excited about three startups that all have the potential to disrupt European space travel. We are seeing launchers with more capacity than SpaceX&#039;s first &quot;Falcon&quot; and will be launching in the next two years. Unlike traditional space travel, these companies are developing their rockets with private funds and not at taxpayer expense. This is a radical paradigm shift. Germany is thus preparing for a new era of space travel, one that is moving from manufacturing to industry. We want to be at the forefront here and further expand our status as the No. 1 location in Europe.&quot;<\/p><\/blockquote>\n\n\n\n<p>supplemented&nbsp;<strong>Thomas Jarzombek<\/strong>, Federal Government Coordinator for Aeronautics and Space, patron and jury chairman of the German Space Agency&#039;s microlauncher competition and startup representative in the Federal Ministry for Economic Affairs and Energy (BMWi).<\/p>\n\n\n\n<p>The microlauncher competition supports German SMEs that want to commercially develop small and modern launch vehicles with a payload of several hundred kilograms and offer launch services with a total of 25 million euros.<\/p>\n\n\n\n<hr class=\"wp-block-separator is-style-dots\" \/>\n\n\n\n<p><em>Isar Aerospace is not the only company working from Munich on its journey into space. Find out more about other space tech startups from Munich in this <a href=\"\/en\/68000\/podcast-spacetech\/\">Munich Startup Podcast Episode<\/a>.<\/em><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Isar Aerospace was able to convince the expert jury in Phase 2 of the German microlauncher competition and received 11 million euros for the further development of its &quot;Spectrum&quot; rocket and two demonstration flights.<\/p>","protected":false},"author":24,"featured_media":40779,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5638,1],"tags":[971,3342,1359],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>11 Millionen Euro f\u00fcr Isar Aerospace - Munich Startup<\/title>\n<meta name=\"description\" content=\"Isar Aerospace kann die Jury in der Phase 2 des deutschen Wettbewerbs fu\u0308r Mikrolauncher von sich \u00fcberzeugen und erh\u00e4lt 11 Millionen Euro.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/72665\/11-million-euros-for-isar-aerospace\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"11 Millionen Euro f\u00fcr Isar Aerospace - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Isar Aerospace kann die Jury in der Phase 2 des deutschen Wettbewerbs fu\u0308r Mikrolauncher von sich \u00fcberzeugen und erh\u00e4lt 11 Millionen Euro.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/72665\/11-million-euros-for-isar-aerospace\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-03T11:15:00+00:00\" \/>\n<meta name=\"author\" content=\"Regina Bruckschl\u00f6gl\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:site\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Regina Bruckschl\u00f6gl\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.munich-startup.net\/72665\/11-millionen-euro-fuer-isar-aerospace\/\",\"url\":\"https:\/\/cms.munich-startup.net\/72665\/11-millionen-euro-fuer-isar-aerospace\/\",\"name\":\"11 Millionen Euro f\u00fcr Isar Aerospace - 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