Telesat, headquartered in Ottawa, Ontario, has witnessed a surge in customer engagement surrounding its Lightspeed satellite constellation....
Funding Milestone
A funding milestone refers to a specific point in a project or venture where a predetermined amount of financial support or investment is required to be met in order to proceed to the next stage of development or implementation. It often signifies achieving certain goals or deliverables that have been set within a financial agreement or investment contract. The completion of each milestone enables stakeholders to assess progress, manage resources effectively, and determine the continuation of funding based on the project’s performance. Funding milestones are commonly used in various sectors, including startups, research projects, and public funding initiatives, to ensure accountability and align investments with tangible results.