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Mars One Secures First Investments

Tue, 01/29/2013 - 9:24am
Mars One

Interplanetary Media Group, the Mars One daughter company which manages the intellectual property and media associated with the human mission to Mars, has received its first investments. These funds will be used to finance the Conceptual Design Studies and the launch of the global Astronaut Selection Program.

Kai Staats, Director of Business Development for Mars One states, “Organizing a human mission to Mars is a tremendously complex venture. There are many engineering hurdles to overcome and the total funds required are tremendous. Raising a few million [US dollars] in the coming months may seem insignificant in the shadow of the pending billions required, but we are taking it one step at a time. These first few bring tangible demonstration to nearly two years in planning. For us, committed funds in this phase of development are an important indicator we are moving in the right direction.”

In the first half of 2013, Mars One will award the Conceptual Design studies to industry suppliers. These are sophisticated engineering bids, technical plans which lay the foundation for the major components such as the transport vehicles, space suits, life support systems and living modules on Mars. These will substantiate the Mission plan with real-world engineering designs and data.

Mars One will also launch the Astronaut Selection Program which immediately, directly involves people from around the world. This is a new paradigm for anyone who is interested to participate in space travel. As Mars One is anticipating hundreds of thousands, perhaps more than one million applicants, the infrastructure required to professionally manage such a process is substantial.

Read the PD&D feature about Mars One here.

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