EIF attracts €300 million to support the innovation and growth of European smaller and medium-sized space technology companies under the InnovFin Space Equity Pilot,
New agreements with Orbital Ventures SCA SICAV-RAIF and Primo Space announced at the European Space Conference in Brussels.
The EIF’s participation is backed by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe.
LUXEMBOURG (EIF PR) — The European Investment Fund (EIF) is partnering with the European Commission, to announce €300 million of investments into the EU space sector, supporting ground-breaking innovation in the industry.
The European Union (EU) is consolidating its space programs under an existing agency that is being given an expanded mandate.
The European Global Navigation Satellite Systems Agency (GSA), which will be renamed the EU Agency for the Space Programme (EUASP), will take on managing the use of the Copernicus Earth observation satellite system and oversee new initiatives in satellite communications named GOVSATCOM and space situational awareness (SSA).
European GNSS Agency (GSA) to evolve into European Union Agency for the Space Programme, with expanded duties and responsibilities
BRUSSELS (European Commission PR) — The Commission welcomes the political agreement between the European Parliament and the EU Member States on the European Union Space Programme proposed by the Commission in June 2018. Trilogue negotiations have now concluded with the political agreement, pending the final approval of the legal texts by the European Parliament and the Council. The EU Space Programme will bring all existing and new space activities under the umbrella of a single programme.
Thanks to the financial envelope of €13.202 billion agreed by the co-legislators, the EU Space Programme will ensure the further development of the current European flagship programmes, Copernicus for earth observation and Galileo/EGNOS for satellite navigation. It will also enable the launching of European initiatives in satellite communication (GOVSATCOM) and on Space Situational Awareness (SSA) for the protection of space infrastructure from space debris.
BRUSSELS, 23 December 2020 (Airbus PR) — The European Commission has selected a consortium of European satellite manufacturers, operators and service providers, telco operators and launch service providers to study the design, development and launch of a European-owned space-based communication system.
The study will assess the feasibility of a new initiative aiming to strengthen European digital sovereignty and provide secure connectivity for citizens, commercial enterprises and public institutions as well as providing global coverage for rural and ‘not-spot’ areas. Complementing Copernicus and Galileo, this new EU flagship programme, once given the green light, would fully exploit the synergies of the technological potential akin to the Digital and Space industries. The contract value of the year-long feasibility study amounts to € 7.1 million.
WASHINGTON (NASA PR) — Sentinel-6 Michael Freilich, a joint U.S.-European satellite built to measure global sea surface height, has sent back its first measurements of sea level. The data provide information on sea surface height, wave height, and wind speed off the southern tip of Africa.
CANNES, France (Thales Alenia Space PR) — Thales Alenia Space, a joint venture between Thales (67 %) and Leonardo (33 %), announced today that it has signed a 90 million euro [$106.5 million] first tranche contract with the European Space Agency (ESA) to design and build the 2 environmental monitoring satellites of the Copernicus Hyperspectral Imaging Mission for the Environment (CHIME), the global amount being 455 million euros [$538.5 million].
The CHIME mission is part of the expansion of the Copernicus Space Component programme of the European Space Agency, ESA, in partnership with the European Commission. The European Copernicus flagship programme provides Earth observation and in situ data and a broad range of services for environmental monitoring and protection, climate monitoring, natural disaster assessment to improve the quality of life of European citizens.
ROME (Thales Alenia Space PR) — Thales Alenia Space, Joint Venture between Thales (67%) and Leonardo (33%) announced today that it has signed a 93 million euro [$110 million], first tranche of the 495 million euro [$585.85 million] global contract, with the European Space Agency (ESA) to build the Copernicus Imaging Microwave Radiometer (CIMR) environmental monitoring satellites.
The CIMR mission is part of the expansion of the Copernicus Space Component programme of the European Space Agency, ESA, in partnership with the European Commission. The European Copernicus flagship programme provides Earth observation and in situ data and a broad range of services for environmental monitoring and protection, climate monitoring, natural disaster assessment to improve the quality of life of European citizens.
Airbus Spain to lead industrial consortium: first Copernicus prime for Spain
MADRID (Airbus Defence and Space PR) – The European Space Agency (ESA) has selected Airbus Defence and Space as prime contractor for the new Land Surface Temperature Monitoring (LSTM) mission. LSTM is part of Copernicus, the European Union’s Earth observation programme for global monitoring. It is one of the six new missions, expanding the capabilities of the current Copernicus space component. The contract is valued at € 380 million which includes the development of one LSTM satellite, with an option for two further satellites.
2 new contracts signed today between Thales Alenia Space and the European Space Agency in the presence of French minister, Bruno Le Maire and Italian Undersecretary Riccardo Fraccaro
Involved in 5 out of 6 Copernicus expansion new missions
Prime contractor for CHIME, CIMR and ROSE-L, leading industrial consortium from France and Italy
CANNES (Thales Alenia Space PR) – Thales Alenia Space, a Joint Venture between Thales (67 %) and Leonardo (33 %), signed today with the European Space Agency (ESA) two new contracts in the frame of the new high-priority Copernicus satellite missions planned to expand the current capabilities of the Sentinels and serve EU policy as well as citizens needs.
PARIS, November 13, 2020 (ESA PR) — Today, ESA signed contracts with Thales Alenia Space in France and in Italy, and Airbus in Spain to build three of the new high-priority Copernicus satellite missions: CHIME, CIMR and LSTM, respectively.
Each mission is set to help address different major environmental challenges such as sustainable agriculture management, food security, the monitoring of polar ice supporting the EU Integrated Policy for the Arctic, and all will be used to understand climate change.
Set for launch in November, the Earth-observing satellite will closely monitor sea level and provide atmospheric data to support weather forecasting and climate models.
PASADENA, Calif. (NASA PR) — On Nov. 10, the world’s latest Earth-observing satellite will launch from Vandenberg Air Force Base in California. As a historic U.S.-European partnership, the Sentinel-6 Michael Freilich spacecraft will begin a five-and-a-half-year prime mission to collect the most accurate data yet on global sea level and how our oceans are rising in response to climate change. The mission will also collect precise data of atmospheric temperature and humidity that will help improve weather forecasts and climate models.
LUXEMBOURG (Luxembourg Space Agency PR) — A new research project named ENTRUSTED was launched on 15 September 2020. ENTRUSTED stands for European Networking for satellite Telecommunication Roadmap for the governmental Users requiring Secure inTeroperable innovativE and standardiseD services.
ENTRUSTED will be implemented by almost 20 organisations representing EU Member States including Luxembourg and EU agencies. With a budget close to EUR 3 million, allocated under Horizon 2020 research and innovation programme, ENTRUSTED will deliver its expected results by February 2023.
CRISTAL will measure sea ice thickness and ice sheet elevations
Airbus in Germany will lead the industrial consortium
Contract is worth € 300 million
FRIEDRICHSHAFEN, Germany, 21 September 2020 – The European Space Agency (ESA) has selected Airbus to develop and build the Copernicus polar ice and snow topography mission (CRISTAL). With two satellites the CRISTAL mission will ensure the long-term continuation of radar altimetry ice elevation and change records. It is one of six new missions to expand the current capabilities of the Copernicus space component for the benefit of all European citizens. The contract is worth € 300 million [$352 million].
Helsinki, FINLAND – September 22, 2020 –ICEYE, a World-leading SAR data provider, today announced the closing of a larger than planned $87M Series C funding, led by return investor True Ventures, with a significant additional investment by OTB Ventures.
ICEYE has so far successfully launched 5 satellite missions, starting with the first ever small SAR satellite launched in January 2018. The company is launching 4 additional SAR satellites this year and is on course to launch at least an additional 8 in 2021. This will grow the existing operational constellation into a capability that is unique in the World. To date, ICEYE has raised a total of $152M in financing.
Newly launched space investment program supports $87m series C funding round for ICEYE
Builds on OTB Ventures alliance with Draper Venture Network
AMSTERDAM, 22 September 2020 – OTB Ventures, a leading venture capital firm specialized in investments in technology companies originating in Central and Eastern Europe (CEE), today announces the launch of a dedicated investment vehicle to support Europe’s leading space technologies – OTB Space Program I – backed by the European Investment Fund and the European Commission through the InnovFin for Equity programme.