Space Valley Announced as a Finalist for Potential $160M Federal Grant
3 Aug 2023
The U.S. National Science Foundation announced the Space Valley Coalition as a finalist of its first-ever Regional Innovation Engines Competition. The NSF Engines program is anticipated to be transformational for the nation, ensuring the U.S. remains globally competitive in key technology areas for decades to come. Each NSF Engine could receive up to $160 million over 10 years.
Space Valley is one of 16 finalists narrowed down from 188 applications. Its proposal, titled “Space for Earth, Space for All, Space Valley’s Role in Securing America’s Economic and Political Future,” seeks to leverage New Mexico and Colorado’s existing space assets to build a world-leading regional space innovation hub. In addition to being an increasingly important geopolitical issue, space, as an industry, is expected to exceed $3 trillion by 2040 by some estimates.