The EXPAND Program

The EXPAND Program is designed to help innovative startups integrate into the rapidly growing commercial space industry. Through mentorship, networking, and strategic support, the program provides resources and guidance to adapt technologies for space applications and connect with investors and industry leaders.
The program is backed by a US top-tier VC firm: Creations VC , In addition, Creation Space hosts an ‘Investors Circle’—a syndicate of investors eager to invest in companies graduating from the EXPAND Program. These investors are actively seeking innovative ventures and provide a strong network for future funding opportunities.

EXPAND Program & CreationsVC Investment – FAQ

Does a company need to be a ‘space company’ to join the program?

No. Many companies we’ve invested in didn’t initially realize their relevance to the growing commercial space industry. If your technology aligns with the areas outlined in our call for applications, apply—we’ll show you how your business can fit into and benefit from this booming sector.

 

Does the program take place in Mitzpe Ramon, and are participants expected to visit often?

No. Most meetings are held between Beer-Sheba and Haifa. The only mandatory visit is a two-day Space Bootcamp in Mitzpe Ramon, which includes food and accommodations at no cost. This bootcamp is valued at $5,000 per person, and EXPAND participants receive it for free. Occasionally, there may be investor gatherings or professional workshops in Mitzpe Ramon—attendance is recommended but optional.

 

What is NVIDIA’s role in the EXPAND Program?

NVIDIA provides hands-on support to participating companies, including access to its advanced labs and simulation software. They also offer mentoring and match companies with experienced engineers and managers for technical guidance and strategic assistance.

 

What services are included in the EXPAND Program?

The program provides guidance on go-to-market strategy, non-dilutive grants, support for adapting technology to space environments, access to aerospace professionals, research institutes, mentors, and grants. It also includes participation in the Space Ventures Bootcamp with workshops and mentoring.

The program also collaborates with APM Grants and Eagle Point to help companies secure the best grant opportunities available. This ensures that participants not only receive strategic guidance and investment but also maximize access to non-dilutive funding sources, strengthening their financial foundation for long-term success.

 

Who owns the intellectual property developed during the program?

The company retains full ownership of its work product, and Creation Space is providing all it’s program services, under confidentiality obligations.

 

How are finder fees calculated for investor introductions?

Fees are tiered:
– 5% on the first $1M invested
– 4% on the second $1M
– 3% on the third $1M
– 2% on the fourth $1M
– 1% on the fifth $1M

These apply to initial and follow-up investments within 36 months.

 

Can finder fees be converted into equity?

Yes. The company may convert fees into equity, subject to Creation Space’s approval and agreed terms.

 

What is the term of the agreement?

The agreement lasts two years and renews annually unless either party opts out with 90 days’ notice.

 

What are the confidentiality obligations?

Both parties must protect confidential information for five years after termination, as detailed in the NDA annex.

 

 

FAQ – CreationsVC Investment

CreationsVC Investment offers funding and strategic partnership opportunities to help companies scale and comply with grant programs. This investment aims to support growth, ensure financial stability, and provide access to future financing rounds and industry expertise.

 

How much does CreationsVC invest under the term sheet?

Up to $300,000, paid in stages: $50,000 at signing and $250,000 after grant funds are received.

 

What equity does CreationsVC receive?

8% of the company’s share capital on a fully diluted basis after the full investment.
Out of that, 1% would be allocated to Creation-Space.

 

Does CreationsVC have an option for additional investment?

Yes. It can invest up to $1M in the next financing round at a 25% discount.

 

What rights does CreationsVC have regarding future rounds?

It has pro-rata participation rights and rights of first refusal before an IPO.

 

Are founders’ shares subject to vesting?

Yes. Shares vest over three years with a one-year cliff and quarterly vesting thereafter.

 

What happens if the company breaches grant compliance?

CreationsVC may revoke its funding commitment if the company fails to comply with grant regulations.

 

When will the investment funds be transferred?

The first payment of $50,000 is made upon signing the term sheet. The remaining $250,000 is transferred after the grant funds are deposited to the company, in accordance with grant regulations.

 

Does CreationsVC get a seat on the board?

Yes. After the full investment amount is transferred, CreationsVC has the right to appoint one board member until the next financing round. If it does not exercise its option in that round, it may appoint a non-voting observer.

 

What happens if CreationsVC does not exercise its option?

The option remains valid until the subsequent financing round after the next one, but it expires 24 months from the closing date.

Joining the EXPAND Program and partnering with Creation Space and CreationsVC offers startups a unique opportunity to accelerate growth in the commercial space industry. Beyond the initial support, CreationsVC is committed to continuing its involvement through follow-on investments in companies that successfully complete the EXPAND Program.