"Space is Big," as was proclaimed by the Hitchhiker’s Guide to the Galaxy. As of 2016, the dynamics in space investing could indeed be more accurately described as epic! The amount of venture capital invested between 2000-2005 has grown by more than an unprecedented 10X from 2011-2015. Between 2000 and 2015 only 80 angel- and venture-backed startups have received capital and 8 exits have occurred at a total value of $2.2B. In 2015, more than 50 VCs invested in 22 firms at a total of $1.8B. We will discuss the SPACE RACE a new paradigm of disruptive commercialization and investment models that are starting to take root in the space industry. We will also discuss what the future looks like in space commercialization….for example, when will Rhiana go to space in the Virgin Galactic spaceship on which she put a 500K pound deposit.
While space travel appears somewhat of a fairy-tale at present, in the words of John F. Kennedy, May 1961, SPACE IS OPEN TO US….and …IT IS NOT MERELY A RACE!
- Rosemarie Truman, Founder and Chairwoman, The Center for Advancing Innovation Inc.
Rosemarie has over 23 years of experience in architecting growth/investment strategies and transformations that have served as the platform for more than 150 new products and an unprecedented $25 billion in profits for Fortune 100 clients having spearheaded IBM’s Innovation Strategy Practice and other prestigious strategy organizations. Rosemarie is also a serial entrepreneur; she Founded and is CEO of the Center for Advancing Innovation (CAI) focused on maximizing the commercial potential of high-impact, “gazelle” Federally funded inventions in order to spur entrepreneurship, bolster the economy, galvanize ecosystems and positively impact the world. At CAI, Rosemarie conceived of and realized a first-of-a-kind, award-winning challenge-accelerator program which has catalyzed the launch of 33 new startups over the last two years. For conceiving this novel model of venture philanthropy, Ms. Truman has received many prestigious awards and recognition from the White House, Health and Human Services, as well as features in Wired, Chicago Tribune, CBS News, Nature, Washington Post and more.
Another organization Rosemarie founded is Gazelle Futures, an early stage venture capital fund that leverages access to a large portfolio of de-risked, capital efficient, late-stage inventions; Rosemarie is the Managing Partner for Gazelle. Combined with CAI’s proven “Startup Challenge Accelerator,” Gazelle rapidly launches new companies and grows jobs by galvanizing and amplifying resources in under-valued, capital efficient regions. Rosemarie is also an Executive Director in the Founder’s Institute in the Washington-DC metro area as well as a board member for a number of startups in a variety of high-tech, life sciences, manufacturing, and professional services industries. Overall, Ms. Truman has led the evaluation of over 75,000 inventions and/or growth opportunities.