FII: Space sector needs investors who can think long-term

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Thu, 2021-01-28 19:38

JEDDAH: In order to achieve viable technological solutions for the future, venture capitalists need to overcome the need for immediate financial return and focus on long-term goals, according to speakers at the fourth Future Investment Initiative (FII) forum currently taking place in Riyadh.
Deep technology and solutions for the future that can cope with “feeding nine billion people, climate refugees and habitat provision” are seemingly within reach, but they will take time to accomplish, Interstellar Lab founder and CEO, Barbara Belvisi told delegates.

Interstellar Lab develops and builds space-inspired villages on earth. (File/Interstellar Lab)
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