New incubator working to help space companies take off in NM

NewSpace New Mexico is launching a new business incubator to help ignite the commercial engines of space companies that need some extra thrust to achieve market success.

The “NewSpace Ignitor” is a first-of-its-kind incubator for established space-related firms that need more direct industry connections, mentoring and access to resources to prototype and test new technology, allowing them to attract customers, win contracts and secure financing to build their businesses into sustainable enterprises, said NewSpace NM CEO Casey DeRaad.