Luxembourg will be launching a formal space agency on Sept. 12, according to media reports.
Unlike US space agency Nasa, Luxembourg’s agency will not carry out research or launches. Its purpose is to accelerate collaborations between economic project leaders of the space sector, investors and other partners.
The agency will back an investment fund to invest in promising projects. Head of space affairs Marc Serres told Delano in May 2018 that financing was one of the department’s five pillars. Serres said at the time the fund would be a public private initiative with the state as anchor investor and private investors running it.
Paperjam reported on Tuesday that the fund’s investors would be presented in the coming days. It added that some 150 new space companies had approached the economy ministry in a bid to establish operations in Luxembourg.