12.2 C
London
Saturday, November 26, 2022

The ESA supports European space technology – what does this mean for local startups?

Must read

Salman Al-Faraj- Wiki, age, wife, net worth, ethnicity, career

Salman Al Faraj is an international footballer for the Saudi Arabia national team and Saudi Arabian professional multi-sport club AL-Hilal. Quick Facts First and last name Salman...

Yai changes for Mangkorn, leaving nine behind! WATCH

This week in Big Dragon Ep 8, Yai will appear as Mangkorn's puppet. In the past few episodes, Yai had shown many tantrums...

End of Soonyang & Daeyoung! Rise of Jin Do Joon! WATCH

The war for power will play an important role in Reborn Rich Ep 5. Both Daeyoung and Soonyang's head will try their best to...

Seongnam steps into another controversy! WATCH

Since the beginning of this K-drama, King has done his best to find a successor. But his first attempt goes in vain when...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

It is official. France, Germany and Italy, the three largest contributors to the European Space Agency, have joined forces to compete with SpaceX. At a meeting this week, the ESA agreed to guarantee the future of the next-generation Ariane 6 and Vega-C rocket launchers.

According to Stars and Stripesthe deal follows months of bickering between Paris and Berlin over issues “including intellectual property rights, export licenses and the budget”.

The ESA is asking its member states to contribute €18.5 billion to fund space programs over the next three years – a significant increase of more than 25% over the previous funds.

Join TNW in Valencia!

The heart of technology comes to the heart of the Mediterranean

The three countries are also proposing to allow the ESA to use European-made micro and mini launchers, which are currently being developed by Germany and France. The ESA previously used SpaceX to launch two science missions.

Will this benefit European start-ups in space technology?

Berlin will reportedly only support future projects from ArianeGroup (a joint venture of Airbus and Safran) provided programs are open to technology from European startups, people familiar with the plans said. It will be interesting to see how this will work out in practice.

Germany is traditionally the largest contributor to the ESA’s budget, with aerospace companies such as Airbus and OHB invested heavily in large-scale European space projects. Will this be enough to support startups and ensure their technology gets a share of the funding and opportunity?

Germany has its eyes on space

While it may not be the first country you think of when you think of space technology, the German space agency hosts the Innospace masters an annual competition for space technology start-ups.

With funders such as OHB and Mercedes-Benz Challenges, the competition is not just academic, with categories for ideas that are already in the innovation or integration phase with existing technologies, systems, services or solutions. This is great news if you want to market real products. And Germany has a number of startups with compelling use cases.