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.
NewSpace refers to the emergence of the private spaceflight industry. NewSpace ventures are become more common, spanning areas such as private launch companies, small satellite constellations, or sub-orbital tourism, as well as other specific efforts that aim to reinvent the traditional space industry supply chain.
SpaceTec is at the forefront of this exciting adventure, providing strategy consulting services to key actors (German Ministry of Economy, Open University, SMEs in the defence sector, incubators, etc.), supporting the early exploitation of innovative industry concepts (ONERA, Airbus Defence & Space, Thalès, etc.), and fulfilling advisory and expert roles (ESA Venture Academy and Investment Forum, Startupbootcamp, etc.).
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”.