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 innovation and growth of European smaller and medium-sized space technology companies is on the agenda under the InnovFin Space Equity Pilot.
Commissioner for Internal Market, Thierry Breton, said: “Bolstering competitiveness in the space industry is an essential element for the recovery of the sector. I strongly welcome this investment into space technology SMEs, which brings us closer to our digital transition goal. This supports the development of European space start-ups and shows that the European space business is booming.”
Read more about the space tech-focused funds, Orbital Ventures and Primo Space, under the first ever EU-backed equity pilot. And access GovShop to find other SMEs in this field.