(Petram: Jersey City, NJ; Creation-Space: Tel Aviv, Israel) -- Petram, a deep-tech venture, has won the Jonathan Merage Global Subsurface Tech Challenge and a $40,000 prize for a low-noise, electric rock-breaking technology built to serve heavy industry on Earth today and subsurface construction on the moon tomorrow. Petram was selected from dozens of global applicants.
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Creation-Space, a global commercial innovation platform that cultivates ventures with dual value technologies that create value on Earth and in emerging space markets, is the driving force behind the Mitzpe Ramon Space City Initiative, an international hub for extreme-environment innovation, robotics, digital twin simulation, access to space, and frontier entrepreneurship. It ran the challenge together with a global, multidisciplinary consortium of partners that includes the Jonathan Merage Foundation, Meitar Law Offices, Shapir Engineering and Industry Ltd., Access ConTech, Synergy 7, and CreationsVC.
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