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SPARX Innovation for the Future Announces New JAXA Partnership

1 Jul 2020, 09:22 UTC
SPARX Innovation for the Future Announces New JAXA Partnership
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TOKYO, June 29, 2020 (SPARX Group PR) — SPARX Innovation for the Future Co., Ltd. (SIF)—a subsidiary of SPARX Group Co., Ltd. (SPARX; TSE1: 8739)—today announced a partnership with the Japan Aerospace Exploration Agency (JAXA), which aims to develop the space industry and related sectors through the promotion of open innovation.

Combining the technical expertise JAXA brings as a space agency and the investment and market-trend knowledge of SPARX/SIF, the partnership should help accelerate R&D, expansion, and commercialization in the space equipment and exploitation industries. It also aims to generate sustainable growth and innovation in Japan’s space industry over the medium to long term.

JAXA is committed to strengthening Japan’s industrial, scientific, and technological foundations in the aerospace industry and to promoting and broadening its international competitiveness and space utilization. It fosters these goals via the activities of J-SPARC*.

Not only does JAXA steadily promote research and development in aerospace, but it also advances projects concerned with open innovation, which integrates human resources, technologies, and capital from different industries. It’s purpose is to create or acquire technologies that are not exclusive to the space industry.

SIF is a new company that SPARX established to focus on the space ...

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