Overview
The EUR 1.2M seed from PMV (ParticipatieMaatschappij Vlaanderen) and imec.istart provides nxgsat with initial capital to develop its satellite modem technology targeting 5G non-terrestrial network (NTN) applications. imec.istart's involvement indicates that nxgsat has deep tech hardware components, likely drawing on the expertise and facilities of imec's semiconductor research ecosystem in Leuven.
PMV's co-investment reflects the Flemish government's priority to support deep tech companies in strategically important sectors including space and advanced wireless communications.
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