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From the Startup Battlefield stage to the International Space Station: geCKo Materials built a sticky product

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For a successful deep tech startup, the laboratory breakthrough is only the first step. To spin out an innovative technology into a scalable business, a founder has to navigate a complicated legal process. 

This week on Build Mode, Isabelle Johannessen speaks with Capella Kerst, founder and CEO of geCKo Materials. Kerst was a Stanford PhD student, working on bio-inspired adhesives — materials modeled after the microscopic hairs that allow geckos to stick to walls. She wasn’t looking to be a founder but when she had a major breakthrough that made it possible to make the material rapidly and reliably, she knew it was a viable product. 

But translating a lab discovery into a startup is less about the “eureka” moment and more about everything that comes after.

“I got up the courage to really address my advisor in a very like we need to have a serious conversation about me spinning out this company and starting it,” Capella said. And that conversation was the beginning of a long process of building geCKo materials. 

Here is a roadmap for founders spinning a product out of academia. 

  • Reach out to prior contributors. Connect with all the people who’s work lead up to the big breakthrough. Kerst offered these contributors the options to join the company, become advisors, or receive compensation.
  • Ensure you reach the requirements for the licensing process. Kerst started conversations with Stanford’s office of Technology licensing early and she learned to spin it out, she’d need to complete her PhD. These early conversations also helped her prepare for the process to come. 
  • Form the company and lawyer up. In this case, Stanford provided a list of lawyers Kerst had to use. “I spent time interviewing lawyers and finding out about case studies, what other people got, what did you push, what didn’t work, what got pushed back on. And so I just learned a ton, picked my lawyer, and then we went at Stanford.” said Kerst, “I was like, I want a good deal, because I want this to be a big company, and I think it’ll benefit everybody.”
  • Transition fully into the founder role. Once the licensing agreement is finalized, it’s time to shift from PhD to CEO. 

Five years later, geCKo Materials is continuing to scale and develop new ways to apply its adhesive technology which is being tested in applications ranging from robotics and manufacturing to automotive and even space. The company’s material is already in use on the International Space Station, and Kerst says the long-term vision includes replacing traditional attachment methods like Velcro or suction systems.

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Apply to Startup Battlefield: We are looking for early-stage companies that have an MVP. So nominate a founder (or yourself): techcrunch.com/apply. Be sure to say you heard about Startup Battlefield from the Build Mode podcast.  

TechCrunch Disrupt: If you’re thinking about applying to Startup Battlefield, then October 13 to 15 in San Francisco, we’re back for TechCrunch Disrupt, where the Startup Battlefield 200 takes the stage. So if you want to cheer them on, or just network with 1000s of founders, VCs, and tech enthusiasts, then grab your tickets. Isabelle Johannessen is our host. Build Mode is produced and edited by Maggie Nye. Audience Development is led by Morgan Little. And a special thanks to the Foundry and Cheddar video teams.

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Insider Dealing: Mutual Benefits Director, Ogunbiyi Sells Shares Worth Over ₦6.3 Million

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BY NKECHI NAECHE-ESEZOBOR—Mutual Benefits Assurance Plc has disclosed an insider transaction involving one of its directors, Dr. Akinade Ogunbiyi, who sold more than 1.5 million shares in the insurance company in a deal valued at over ₦6.3 million.

The disclosure, signed by Jide Ibitayo, Company Secretary, filed with the Nigerian Exchange (NGX) and the investing public, showed that Ogunbiyi, a Non-Executive Director of the company, disposed of 1,507,309 ordinary shares of Mutual Benefits Assurance Plc between June 3 and June 9, 2026.

According to the notification, the shares were sold at prices ranging from ₦4.20 to ₦4.33 per share, placing the total value of the transaction at between ₦6.33 million and ₦6.53 million.

The transaction was reported as an initial notification of insider dealing in line with regulatory requirements that mandate directors and other insiders of listed companies to disclose transactions involving the securities of their companies.

Mutual Benefits Assurance identified the financial instrument involved in the transaction as its ordinary shares, traded on the Nigerian Exchange under the ticker symbol “MBENEFIT.”
Insider dealing notifications are a key component of market transparency and corporate governance, providing investors with information on share transactions undertaken by directors, executives, and other individuals with access to potentially price-sensitive information.

While insider transactions often attract investor attention, market analysts note that such dealings do not necessarily indicate changes in a company’s outlook, as they may be influenced by personal investment decisions, portfolio rebalancing, or other financial considerations.

The disclosed transaction took place in Lagos, Nigeria, and was executed over a seven-day period between June 3 and June 9, 2026.

Mutual Benefits Assurance Plc remains one of the companies listed on the Nigerian Exchange that regularly complies with insider dealing disclosure requirements, reinforcing transparency in the capital market.

The post Insider Dealing: Mutual Benefits Director, Ogunbiyi Sells Shares Worth Over ₦6.3 Million appeared first on Business Today NG.

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NASA picks Eric Schmidt’s rocket company for Mars mission, setting up a race with SpaceX

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Relativity Space—a rocket maker acquired by former Google executive chair Eric Schmidt last year after stumbling on the path to orbit—might just beat SpaceX to Mars.

On Tuesday, NASA said it hired the company to build a spacecraft to house a suite of scientific instruments, launch it into space, and fly it to Mars.

The structure of the contract is akin to the deals that NASA made with SpaceX to fly cargo to the International Space Station, or Firefly Aerospace to put a lander on the Moon. The government agency handles the science, while the private company provides low-cost infrastructure.

Aeolus, as the mission is dubbed, will contain four instruments to measure and image Mars from orbit, providing what NASA expects to be the first daily, global view of dust, winds, and temperature in its atmosphere. The agency said that data will make it safer for landers and, someday, astronauts, to visit the surface of the Red Planet.

“By pairing NASA’s world‑class instruments with commercial innovation and investment, we can deliver more science, more often, and reduce the time it takes to get essential data into the hands of researchers preparing for future human missions to Mars,” NASA administrator Jared Isaacman said in statement.

The mission is set to launch in 2028—a rapid pace that will require Relativity to design and build the spacecraft to carry the Aeolus instruments, and finish building the rocket that will carry it to space, all on a tight timeline. NASA did not disclose how much it is paying Relativity for the mission, and Relativity did not respond to questions from TechCrunch.

Isaacman, who has flown to space twice on private SpaceX missions, has championed public-private partnerships like this. Under this model, the company working with NASA takes on some of the development cost of the project, in exchange for allowing NASA to stretch its budget further—a structure that has become a template for how the agency funds ambitious missions without bearing all the financial risk itself.

But NASA is taking on risk as well: Relativity is unproven, and there’s no guarantee the mission will even make it off the ground. Past startup partners of NASA have gone bankrupt or seen Moon landers arrive askew. The potential payoff for the company is meant to extend beyond the NASA contract itself, including commercial applications, like launching satellites or delivering cargo to the Moon. Still, the further out into space these partnerships reach, the murkier the market becomes for commercial services.

Relativity was founded in 2015 by two former SpaceX and Blue Origin engineers, with the idea of using 3D printing to its maximum potential as a path to building a cheaper rocket. The company’s first design, Terran-1, launched in March 2023 and failed mid-flight. Relativity doubled down by moving on to a larger design, dubbed the Terran R.

Before Relativity could get it to the launch pad, the company ran into fundraising challenges, and Schmidt took a majority stake in the company in it last year, installing himself as CEO. He’s been tight-lipped about the investment but has expressed interest in orbital data centers, and is thought to be using Relativity to launch a space telescope, Lazuili, financed by his family philanthropy, Schmidt Sciences.

The former tech executive’s decision to take over a space company last year puzzled some observers because rocketry is a crowded and capital-intensive field. But pent up demand for new rockets—fueled by delays at Jeff Bezos’ Blue Origin—could still lead to a payoff for Schmidt if Terran R can actually make it to space.

And the new contract might give Schmidt a chance to put one over on Elon Musk, a regular sparring partner of his on the issue of AI safety. While Musk has long talked of his Martian ambitions, SpaceX has never actually sent its own mission to Mars (no, the Tesla he launched into space in 2018 missed).

If Relativity’s Aeolus launches on schedule, it could be the first private mission to reach the Red Planet.

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