25.11.2022
Commercialisation of space boosted at ESA Ministerial Council
23 Member and Associate States of the Agency pledged a total 117.6 million euros to ESA’s ScaleUp programme at ESA’s Ministerial Council CM22 to encourage entrepreneurship and commercialisation in the European space sector. This amount exceeds the target funding request by more than 17%, thus confirming the strong support that ESA Member States intend to provide to the development of a strong and sustainable commercial space ecosystem.
ScaleUp is part of ESA’s directorate of Commercialisation, Industry and Procurement which works with all directorates in ESA to help deliver new commercialisation opportunities in European space thereby increasing the competitiveness of Europe’s space economy and bringing socio-economic benefits to European citizens.
Through this funding, ESA aims to create a European commercialisation hub, where new ideas for space can become commercial realities.