In the quest to foster space entrepreneurship in Eastern Europe, from the south-eastern region all the way to the Baltic countries, InnORBIT seeks to assist innovation intermediaries to encourage the growth of their space start-ups
NewSpace refers to the emergence of the private space industry. NewSpace ventures are becoming more common, spanning areas such as private launch companies, small satellite constellations, or sub-orbital tourism. SpaceTec supports clients to reinvent the traditional space industry supply chain.
After private firms struggled to raise sufficient funds without governmental support for decades, the commercialisation of the space sector enables private investments to flow into space business opportunities. Novel approaches such as miniaturization, COTS, reusability, agile development, automation, 3D printing or Big data analytics drive this momentum.
This spawned a high number VC-backed start-ups along the space supply chain from micro-launchers to SmallSat constellations. Another indicator for growth is the four space start-ups going public with SPAC only within the first quarter of 2021.
NewSpace also gained attention among big traditional incumbents, both institutional and private. Besides, big tech companies of the Web sphere are investing massively in owning and running ground network stations to become key players in cloud processing close to the downstream market.
SpaceTec is at the forefront of this development:
- Providing strategy consulting services to key actors in governments, non-space industry players and leading space actors
- Supporting the early exploitation of innovative industry concepts (ONERA, Airbus Defence & Space, Thales, etc.)
- Fulfilling advisory and expert roles in government innovation boards and start-ups
Impact Stories
Liftoff Accelerator by SpaceTec Partners is a bespoke space accelerator supporting
start-ups in the space industry with customisable support opportunities. As experts with in-depth space industry experience and a long-standing network within the space ecosystem, we help growing start-ups to lift off their businesses sustainably.
The challenges induced by space debris are addressed through the Clean Space Initiative, introduced in 2012 to cover sustainability over the entire lifecycle of space activity.
The study “State of the art of GNSS receivers for CubeSats” evaluated the CubeSat GNSS receiver market, and forecasted their penetration on board CubeSats.
SpaceTec Partners supported Business Finland, the Finnish public funding agency, by preparing an information package and market study on the German New Space market.
Access to finance is a key enabler of entrepreneurship in a European space ecosystem which has seen several transformations and advancements in recent years. From an analysis of the role of the public sector, to evaluating market maturity and sector risks, this report provides a comprehensive review of the European space sector; identifying gaps, highlighting challenges and providing a number of recommendations and potential policy actions.
The commercialisation of the space business is rapidly advancing – in particular in the United States. The creation of new businesses with significant private capital investment, the deployment of new technologies and approaches, and the convergence with the information technology sector form the basis of what experts refer to as “NewSpace”.
