search

Small on Earth, but Giant in Space: the ambitions of Deputy Prime Minister and Minister of the Economy Étienne Schneider have always been clear since the launch of the Spaceresources.lu initiative in 2016.

A major step forward has been taken this Wednesday, with the announcement of the launch of the Luxembourg Space Agency (LSA), under the umbrella of the Ministry of the Economy.

Unlike many similar organisations abroad, the LSA will not conduct direct research or launch missions, but it will foster collaboration between the major players in the space industry, with a mission to accelerate the emerging innovation-oriented businesses.

At the same time, an investment fund dedicated to space projects is being set up in the form of a public-private partnership. Targeting an initial capital of 100 million euros, of which 40 million is provided by the State, the objective of this fund is to provide equity financing to new space companies with innovative ideas and technologies.

“The announcement of the creation of this agency and the dedicated fund completes, in a way, the process of setting up the Spaceresources initiative,” said Minister of the Economy Étienne Schneider. “We are now ready to welcome and support the development of space industry players who can progress together. ”

The management of the Luxembourg Space Agency has been entrusted to Marc Serres, who until then was Head of Space Affairs at the Ministry of the Economy and who is also Vice-President of the European Space Agency’s Council since last spring.

Luxinnovation on board

Luxinnovation, as a national agency working for the economic development of the country, is one of the key partners of the LSA, through its expertise in supporting innovative companies and start-ups. “More specifically, we will ensure that our start-up support programmes are attractive to start-ups in the space sector and that the advice we provide to all companies on the various national and European funding instruments for their R&D projects meet the needs of space companies,”says Sasha Baillie, CEO of Luxinnovation.

In addition, as part of our mission to promote the international Luxembourg economy to attract the most appropriate international companies, investors and talents, we will strive to target the international space sector and raise awareness opportunities offered by Luxembourg. This will be done with input from our market intelligence team who can provide all the data and analysis that our space agency may need.

The other partners are the Employment Development Agency (ADEM), the Chamber of Commerce, the National Research Fund (FNR), the Luxembourg Group of Aeronautics and Space (GLAE), the Intellectual Property Institute of Luxembourg (IPIL), Luxembourg Science Center (LSC), Luxembourg Space Tech Angels (LSTA), SES, the National Credit and Investment Company (SNCI), Technoport and the University of Luxembourg.

In Luxembourg, in the wake of satellite operator SES, the largest commercial satellite operator in the world, commercial space activity now accounts for nearly 2% of GDP, one of the highest levels in Europe.

On the occasion of the presentation of the LSA, the rector of the University of Luxembourg, Stéphane Pallage, announced the establishment of a future interdisciplinary Master dedicated to Space. “A diploma that does not exist anywhere else,” said the rector.

 

Picture : Luxinnovation
Stéphane Pallage (University of Luxembourg), Yves Elsen (GLAE), Étienne Schneider (Minister of the Economy) and Marc Serres (Luxembourg Space Agency’s CEO)

Read more

Apply for the Young Graduate Trainee Program

29-05-2018

The high-calibre programme lasts for one year, with option for a second year, and gives successful applicants an opportunity to gain valuable experience in the development and operation of space missi...
Read more

Call for expression of interest for In Orbit Demonstration/Validation (IOD/IOV) Experiments

23-04-2018

This call aims to gather experiments that could be considered for In Orbit Demonstration/Validation (IOD/IOV) actions, taking into consideration the Horizon 2020 IOD/IOV call for proposals and associa...
Read more

2018 EuroGEOSS Request launched

19-04-2018

From 16 April until 30 June 2018, public or private organizations involved in developing innovative applications based on Earth Observations (EO) and located in European GEO member countries are invit...
Read more

Announcement of Opportunity for Community Scientists in the PLATO mission

12-04-2018

The purpose of the Announcement of Opportunity (AO) is to solicit proposals for Community Scientists in the PLATO mission. This AO is open to scientists affiliated with institutes located in ESA Membe...
Read more

Marc Serres becomes the first Vice-Chairman of the ESA Council from Luxembourg

26-03-2018

Head of Space Affairs at the Ministry of the Economy, Marc Serres, has been appointed Vice-Chairman of the ESA Council for the remaining mandate of the current chairship until 30 June 2019. As the fir...
Read more

All news

Close