12.8 c
Sunday, December 3, 2023

ASTROFLASH, a space venture from the University of Tokyo, raises an angel round of funding "to pioneer new space applications using nano-satellites.

ASTROFLASH raised funds through JKISS-type stock acquisition rights and bank loans with new subscribers including Zero One Booster, KD Partners LLC, and several other individual investors. With this financing, ASTROFLASH will accelerate its business to realize new space utilization that will make space more accessible.

Funding Overview and Objectives

ASTROFLASH is a space startup from the University of Tokyo's Nakasuga Funase Laboratory, which has been a leader in Japanese nano-satellite technology. ASTROFLASH's mission is to make space more accessible to everyone, and to contribute to the expansion and development of the space industry in Japan and around the world by realizing new space applications using nano-satellites (CubeSat), which are much cheaper and easier to use than conventional satellites. ASTROFLASH will contribute to the expansion and development of the space industry in Japan and around the world.

This financing will accelerate the development of ASTROFLASH toward the launch of its first satellite, tentatively named "Visually Enjoyable Satellite (tentative name)," which is scheduled for around 2022. This project is supported by the FY 2020 Subsidy for Practical Application of Industrial Technology and the Tokyo Metropolitan Government's Monozukuri Venture Development Project, and together with these subsidized projects, we are fully prepared for the development of the first launch vehicle. ASTROFLASH will also continue procurement activities in anticipation of future business expansion.

First "Visual Satellite" and Future Prospects

ASTROFLASH aims to launch its first "Visually Enjoyable Satellite" in 2022 as a demonstration of new space utilization that many people can experience. The first satellite is a 3U-sized (10x10x30cm; 4kg) CubeSat, which will be equipped with a light source device so that it will be visible to the naked eye from the ground. ASTROFLASH aims to provide people with the experience of connecting with space through the realization of a "satellite for visual enjoyment. The satellite will be operated so that it is visible only in specific areas so as not to interfere with astronomical observations.

ASTROFLASH is seeking sponsors to develop the first satellite and to conduct PR and other activities using the global utilization of the "satellite for visual enjoyment. It is possible to coordinate various promotions using the satellite, including satellite naming rights and operational methods.
In addition, the company is considering using the technology demonstrated with the first satellite to perform formation flights with multiple satellites in the future to expand the range of expression of visible satellites. In this way, the space entertainment business will be expanded and new space applications made possible by CubeSat technology will be pioneered.

Comments from major underwriters

◎Zero One Booster Inc.

"It was a challenging investment decision for us to invest in the space field, but we agreed with the vision of Mr. Katsuyama, who is like a space boy, and his co-founder, Mr. Hieda, to 'make space more accessible to the public. We decided to support them because we share the vision of Mr. Katsuyama, who is like a space boy, and Mr. Hinomoto, who is a co-founder of the company. We will do our best to support Mr. Katsuyama and his team to reach their dream of going to space as soon as possible. "

◎Mr. Hitoshi Koide (Representative of KD Partners LLC)

"ASTROFLASH is a young startup founded last year with the mission of making space utilization accessible through innovation. Mr. Katsuyama, the representative of the company, is an up-and-coming entrepreneur who has successfully launched space balloons since his high school days and absorbed space technology from the University of Tokyo. He is determined to create space utilization that all people can feel and contribute to the development of the space industry. We resonate with and support such a vision. "

Subsidy for Practical Development of Industrial Technology in FY2020 (Research and Development of Space Industrial Technology Information Infrastructure)

Through this project to provide subsidies for the cost of designing and manufacturing nano-satellites, refurbishing space parts and components, operating nano-satellites, and conducting other in-orbit demonstrations, low-cost, high-performance space parts and components that utilize superior technologies in the consumer field from Japanese small and medium-sized companies and venture businesses will enter the domestic and overseas nano-satellite market and promote the sustainable development of the domestic space equipment industry. This project aims to promote the sustainable development of the domestic space equipment industry through the entry of low-priced, high-performance space components and parts that utilize superior consumer technologies from Japanese small, medium, and venture companies into the domestic and overseas small satellite market.
(From METI website)

Tokyo Metropolitan Manufacturing Venture Development Project (Tokyo Startup BEAM Project)

This is a program sponsored by the Tokyo Metropolitan Government in which the Tokyo Metropolitan Government, VC firms, and Tokyo-based manufacturers collaborate to support the growth of manufacturing ventures in terms of technology, funding, and management.

name of companyASTROFLASH Corporation
EstablishmentNovember 2019
LocationMeiwa Hongo Building 7F, 4-1-3 Hongo, Bunkyo-ku, Tokyo
representativeMiyako Katsuyama
Business OverviewDesign, development and operation of nano-satellites
Provide services using nano-satellites.
uniform resouce locatorhttps://www.astroflash.co.jp/
Facebook Comments
PORT Editorial Officehttps://port.creww.me/
PORT by Creww is an open innovation media for startups, entrepreneurs, entrepreneurs in recovery, and companies seeking to create new businesses on the theme of social issues, operated by Creww Co.
- Advertisment -
- Advertisment -


Ando Hazama x Cube Earth] Innovating the world's urban OS with patented technology from Japan and the U.S.

Creww Growth Case Study Interview】Ando Hazama has selected Cube Earth, a startup company offering a "smart disaster prevention system" to local governments through the "Ando Hazama New Business Co-Creation Program 2022," an accelerator program for fiscal year 2022, utilizing Cube Earth, a geographic information system platform patented in the United States and Japan. Cube Earth, a startup company that provides municipalities with a "smart disaster prevention system" using the geographic information system platform "Cube Earth" patented in the U.S. and Japan, was selected for the Ando Hazama New Business Co-Creation Program 2022. The startup is developing next-generation social infrastructure infrastructure such as disaster prevention systems, smart cities, drones, and digital twin systems as part of the DX approach to municipal crisis management. What specific initiatives are they pursuing? We interviewed Hiroyuki Horii, Deputy General Manager of the Innovation Department, Corporate Strategy Division, Ando Hazama, Shigehiko Amo, Chairman of Cube Earth, and Zenshi Takeda, President and Representative Director.

Sanki Kogyo × Startups] Become a company that continues to be chosen|New Steps in Co-Creation with Startups

Sanki Kogyo Corporation, which will celebrate its 100th anniversary in 2025, has set its sights on becoming a company that will "continue to be chosen" in accordance with its vision for 2050, and is working to strengthen its core businesses and enhance the Sanki brand. One of our new initiatives is to strengthen our core business and improve the Sankiki brand. Therefore, as one of the new initiatives, we are challenging the "SANKI Open Innovation Program 2023". We interviewed Mr. Hiroyuki Sasaki, Facility Systems Business Department, Mr. Tadashi Ishiwata, Corporate Planning Department, Corporate Planning Office, and Mr. Naoya Tokuda, Corporate Planning Department, who are challenging the accelerator program for the first time, about their frank thoughts from their respective standpoints.

Ando Hazama × Air Digital × Kuki City] Tackling the challenge of extending healthy life expectancy through digital sports!

Ando Hazama, a general construction company that promotes the creation of new businesses through open innovation, has selected Air Digital Inc. Air Digital, Inc., a company involved in the development of digital sports space and the operation of digital sports fields, was selected for the program. Subsequently, Ando Hazama, Air Digital, and Kuki City, Saitama Prefecture, signed a collaboration agreement and are now working together on "Sports 60 & Smart," one of the largest digital sports clubs in Japan, which is located in the "Ario Washinomiya" shopping mall facility in Kuki City. What specific initiatives are being undertaken? We interviewed Tsubasa Sakakibara, Manager of the Innovation Department of Ando Hazama's Corporate Strategy Division, Sobaku Maeda, Representative Director of Air Digital, and Takeshi Kanazawa, a member of the Sports Promotion Section of the Health and Sports Department of the Kuki City Office.

Startup Recruitment] Caring for Community Health|Future Aisei Pharmacy with Roots in the Community through New Business

Aisei Pharmacy has more than 400 dispensing pharmacies nationwide. As the company will soon celebrate its 40th anniversary, we are challenging the accelerator program in search of the next pillar of our business! Aiming to become a pharmacy that is needed by local residents, the company will explore the possibility of creating new businesses. In this interview, we spoke with Hiroyuki Hori, General Manager of the Business Planning Department of Aisei Pharmacy Inc. about why Aisei Pharmacy is now taking on the challenge of open innovation with startups.
Facebook Comments