Marc Molitor, chairman of the Luxembourg Business Angel Network (LBAN), is saying that this is a natural response from LBAN in order to support the government´s Space Resource Initiative and the heightened focus on developing a viable space industry within the borders of the Grand Duchy and beyond.

LBAN´s Space Angel group will be organized as a subgroup of LBAN. Its main objectives will to be to bring together interested individual investors into the space industry and stimulate & support Luxembourg´s position as a space nation. To join the group, being a LBAN member will not be a pre-requisite.

With this initiative, Marc Molitor states that LBAN clearly emphasises its role as an active and important force to support the development of Luxembourg-based businesses. The space industry has a potential for global reach.

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