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The best time to invest in space – EUSPA launches info session for fund managers.

According to the latest edition of the EUSPA EO and GNSS Market Report, in 2021, the GNSS and Earth Observation downstream market generated over EUR 200 billion in revenue.

What’s more, this market is expected to reach nearly half a trillion euros within the next decade. Add this up and what you have is a very lucrative investment opportunity.

But to take advantage of this opportunity, you need the right information and the right market intelligence – which is exactly what the Space Investments Capacity Building Programme is set to provide.

Organised by the European Union Agency for the Space Programme (EUSPA), in collaboration with the European Commission, European Space Agency (ESA) and European Investment Fund (EIF), this series of five workshops is designed to provide venture capitalists, fund managers and other investors with in-depth information on the space sector, including:

• Results from the latest European space market and investment studies
• Advice from the EIF on fund setup, investment strategy and building an investment team
• A platform to discuss business models and best practices
• Opportunities to network with other fund managers
• Details on the European Commission’s EUR 1 billion CASSINI Facility, an InvestEU initiative offering capital for establishing space-focused investment funds

The first workshop, scheduled for 28 March 2022 from 14:00 – 17:00 CET, will focus on how EU space technology – including Galileo and Copernicus – can be used to support the construction sector, optimise the green transformation and maintain critical infrastructure.

“If you want to become an active investor in this exciting field or simply want to gather more information before deciding to raise a new fund, then this capacity building programme is for you”, says Fiammetta Diani, EUSPA Head of Market Downstream and Innovation.

The event will be held live at EUSPA’s headquarters in Prague, as well as online. Attendance is free, but registration is required. For participants able to attend physically in Prague, please send an email to market@euspa.europa.eu to secure your place in the venue. Questions related to the workshop series or requests for additional information can be directed to this email address as well.

Mark Your Calendars: Space Investments Capacity Building Programme 2022

• Episode 1: Infrastructure lifecycle support from space, EUSPA, Prague, Monday 28 March 2022
• Episode 2: Security and defence (in and from space), COM, Brussels, Monday 2 May 2022
• Episode 3: Consumer space solutions: well-being, education and entertainment, EUSPA, Prague, Monday 23 May 2022
• Episode 4: Access to space (launchers, ground systems, modular technology, etc), ESA, Paris, Tuesday 7 June 2022
• Episode 5: Fund setup, investment strategy, investment team, exit strategy, EIF, Luxemburg, Monday 27 June 2022

Media note: This feature can be republished without charge provided the European Union Agency for the Space Programme (EUSPA) is acknowledged as the source at the top or the bottom of the story. You must request permission before you use any of the photographs on the site. If you republish, we would be grateful if you could link back to the EUSPA website (http://www.euspa.europa.eu).

The best time to invest in space – EUSPA launches info session for fund managers.

According to the latest edition of the EUSPA EO and GNSS Market Report, in 2021, the GNSS and Earth Observation downstream market generated over EUR 200 billion in revenue.

What’s more, this market is expected to reach nearly half a trillion euros within the next decade. Add this up and what you have is a very lucrative investment opportunity.

But to take advantage of this opportunity, you need the right information and the right market intelligence – which is exactly what the Space Investments Capacity Building Programme is set to provide.

Organised by the European Union Agency for the Space Programme (EUSPA), in collaboration with the European Commission, European Space Agency (ESA) and European Investment Fund (EIF), this series of five workshops is designed to provide venture capitalists, fund managers and other investors with in-depth information on the space sector, including:

• Results from the latest European space market and investment studies
• Advice from the EIF on fund setup, investment strategy and building an investment team
• A platform to discuss business models and best practices
• Opportunities to network with other fund managers
• Details on the European Commission’s EUR 1 billion CASSINI Facility, an InvestEU initiative offering capital for establishing space-focused investment funds

The first workshop, scheduled for 28 March 2022 from 14:00 – 17:00 CET, will focus on how EU space technology – including Galileo and Copernicus – can be used to support the construction sector, optimise the green transformation and maintain critical infrastructure.

“If you want to become an active investor in this exciting field or simply want to gather more information before deciding to raise a new fund, then this capacity building programme is for you”, says Fiammetta Diani, EUSPA Head of Market Downstream and Innovation.

The event will be held live at EUSPA’s headquarters in Prague, as well as online. Attendance is free, but registration is required. For participants able to attend physically in Prague, please send an email to market@euspa.europa.eu to secure your place in the venue. Questions related to the workshop series or requests for additional information can be directed to this email address as well.

Mark Your Calendars: Space Investments Capacity Building Programme 2022

• Episode 1: Infrastructure lifecycle support from space, EUSPA, Prague, Monday 28 March 2022
• Episode 2: Security and defence (in and from space), COM, Brussels, Monday 2 May 2022
• Episode 3: Consumer space solutions: well-being, education and entertainment, EUSPA, Prague, Monday 23 May 2022
• Episode 4: Access to space (launchers, ground systems, modular technology, etc), ESA, Paris, Tuesday 7 June 2022
• Episode 5: Fund setup, investment strategy, investment team, exit strategy, EIF, Luxemburg, Monday 27 June 2022

Media note: This feature can be republished without charge provided the European Union Agency for the Space Programme (EUSPA) is acknowledged as the source at the top or the bottom of the story. You must request permission before you use any of the photographs on the site. If you republish, we would be grateful if you could link back to the EUSPA website (http://www.euspa.europa.eu).

BroadGNSS, the Pre-Commercial Procurement action funded by the European Union Agency for the Space Programme (EUSPA), moves into the Request for Tender phase.

Launched in December 2020, the EUSPA-funded BroadGNSS  project has dedicated EUR 2.5 million for the pre-commercial procurement (PCP) of innovative solutions that use European GNSS (EGNSS) to improve public safety and disaster relief services.

As the Contract Notice has been published in the Official Journal of the European Union (OJEU), BroadGNSS now moves into the Request for Tender (RFT) phase.

Download: BroadGNSS RFT documents (available in English and French)

With the 2 May 2022 deadline fast approaching, the project recently held informational briefings. The events focused on preparing and submitting the tender, along with providing an overview of how received tenders will be evaluated.

Anyone considering submitting a tender should be sure to add their company name to the BroadGNSS Partnering Tool. This tool is a convenient way for potential consortium members to share information on both the expertise they offer and the expertise they require.

Once registered, you can start browsing other listed companies. When you see a company that you want to contact, simply send a message via the Contact Page specifying the name of the company you want to contact. You will receive the requested information within two business days.

A maximum of 10 (and a minimum of four) suppliers/supply teams will be selected based on the evaluation of the tenders to be submitted by the 2^nd of May 2022, with a joint framework agreement and contract for the Design Phase to follow.

The Contract Notice can be viewed in full on TED.

More details on the PCP process can be found here.

Media note: This feature can be republished without charge provided the European Union Agency for the Space Programme (EUSPA) is acknowledged as the source at the top or the bottom of the story. You must request permission before you use any of the photographs on the site. If you republish, we would be grateful if you could link back to the EUSPA website (http://www.euspa.europa.eu).

BroadGNSS, the Pre-Commercial Procurement action funded by the European Union Agency for the Space Programme (EUSPA), moves into the Request for Tender phase.

Launched in December 2020, the EUSPA-funded BroadGNSS  project has dedicated EUR 2.5 million for the pre-commercial procurement (PCP) of innovative solutions that use European GNSS (EGNSS) to improve public safety and disaster relief services.

As the Contract Notice has been published in the Official Journal of the European Union (OJEU), BroadGNSS now moves into the Request for Tender (RFT) phase.

Download: BroadGNSS RFT documents (available in English and French)

With the 2 May 2022 deadline fast approaching, the project recently held informational briefings. The events focused on preparing and submitting the tender, along with providing an overview of how received tenders will be evaluated.

Anyone considering submitting a tender should be sure to add their company name to the BroadGNSS Partnering Tool. This tool is a convenient way for potential consortium members to share information on both the expertise they offer and the expertise they require.

Once registered, you can start browsing other listed companies. When you see a company that you want to contact, simply send a message via the Contact Page specifying the name of the company you want to contact. You will receive the requested information within two business days.

A maximum of 10 (and a minimum of four) suppliers/supply teams will be selected based on the evaluation of the tenders to be submitted by the 2^nd of May 2022, with a joint framework agreement and contract for the Design Phase to follow.

The Contract Notice can be viewed in full on TED.

More details on the PCP process can be found here.

Media note: This feature can be republished without charge provided the European Union Agency for the Space Programme (EUSPA) is acknowledged as the source at the top or the bottom of the story. You must request permission before you use any of the photographs on the site. If you republish, we would be grateful if you could link back to the EUSPA website (http://www.euspa.europa.eu).

BroadGNSS, the Pre-Commercial Procurement action funded by the European Union Agency for the Space Programme (EUSPA), moves into the Request for Tender phase.

Launched in December 2020, the EUSPA-funded BroadGNSS  project dedicates EUR 2.1 million for the pre-commercial procurement (PCP) of innovative solutions that use European GNSS (EGNSS) to improve public safety and disaster relief services.

BroadGNSS now moves into the Request for Tender (RFT) phase.

Download: BroadGNSS RFT documents (available in English and French)

With the 2 May 2022 deadline fast approaching for the submission of tenders, the project recently held informational briefings. The events focused on preparing and submitting the tender, along with providing an overview of how received tenders will be evaluated.

The project puts also at your disposal the BroadGNSS Partnering Tool. This tool is a convenient way for companies to share information on both the expertise they offer and the expertise they require to build up consortia.

The Group of Procurers will then evaluate the tenders submitted and a maximum of 10 (and a minimum of four) suppliers/supply teams will be selected.

The Contract Notice can be viewed in full on TED.

To submit your tender: https://www.marches-publics.gouv.fr/app.php/entreprise/consultation/1973325?orgAcronyme=g6l.

More details on the PCP process can be found here.

Media note: This feature can be republished without charge provided the European Union Agency for the Space Programme (EUSPA) is acknowledged as the source at the top or the bottom of the story. You must request permission before you use any of the photographs on the site. If you republish, we would be grateful if you could link back to the EUSPA website (http://www.euspa.europa.eu).

Through investment opportunities, market intelligence and business support, EUSPA plays an important role in ensuring Europe keeps its competitive position in the fast-growing, global GNSS downstream market. 

With an approximate 25% market share, Europe currently enjoys a strong position within the global GNSS downstream market – a market that is forecasted to see revenues reach EUR 220 billion this year and up to EUR 510 billion by 2032. 

The GNSS downstream market includes any application, device or service where GNSS based positioning, navigation and/or timing is a significant enabler or key to the application’s functionality. While the location based services (LBS) and road segments dominate in terms of total revenues earned, European GNSS (EGNSS) also plays a major role in the aviation, rail, maritime, agriculture, mapping and surveying and timing and synchronisation market segments.  

Europe performs particularly well in the road, maritime and agricultural sectors. In fact, several European companies are global leaders in the manufacturing of GNSS components and receivers for road and maritime applications and the development of the system integrators used by the agricultural industry. 

However, European companies tend to lag in such fast-growing sectors as consumer solutions and drones. According to the recently published GNSS Investment Report, this, combined with increased, across-the-board competition from the downstream GNSS market, could chip away at Europe’s market share and future competitiveness.    

 “It is more important than ever that Europe keep on top of GNSS market trends by seeking more funds, developing strategic oversight and promoting risk-taking,” said Rodrigo da Costa, Executive Director of the EU Agency for the Space Programme (EUSPA). 

Da Costa made his remarks during the GNSS Investment Day event, which was co-organised by EUSPA and the European Investment Bank (EIB). The two organisations also co-authored the GNSS Investment Report, which was officially launched at the event. 

Media note: This feature can be republished without charge provided the European Union Agency for the Space Programme (EUSPA) is acknowledged as the source at the top or the bottom of the story. You must request permission before you use any of the photographs on the site. If you republish, we would be grateful if you could link back to the EUSPA website (http://www.euspa.europa.eu).

The CASSINI Hackathons and Mentoring, initiated by the European Union is a series of six hackathons aimed to tackle global challenges using services and data from the EU Space Programme. In its third edition, this hackathon provides access to European space data and services from Copernicus, Galileo, and EGNOS to help participants take on various challenges and uplift Europe’s tourism industry. 

Europe’s tourism industry is bursting with potential. In the last four years alone, the continent has welcomed over 2 billion global tourists, providing a primary source of income for European economies. 

From the medieval streets of Prague and the beaches of Barcelona to the modern skyline of Oslo, Europe truly holds something for everyone. Because of this, the 3rd CASSINI Hackathon will focus on preserving these unforgettable destinations and how we access them. You will be challenged to develop ideas that support sustainable travel, enhance the experience in local cities and cultures, and promote thoughtful exploration of Europe’s nature.

The top ideas will be awarded at both local and EU levels, and the overall winners will enter a six-month mentoring programme that includes 100 hours of customised expert mentoring.

What’s the plat du jour? 

If you are a rising innovator in Europe, you are invited to participate in the CASSINI Hackathon at one of our ten locations. Each hackathon location features its own unique set of experts, prizes, and additional special features. Once you select a location, it’s time for registration, team formation and ideation! 

Your team will choose to solve one of three challenges, all related to the theme of European tourism:

Media note: This feature can be republished without charge provided the European Union Agency for the Space Programme (EUSPA) is acknowledged as the source at the top or the bottom of the story. You must request permission before you use any of the photographs on the site. If you republish, we would be grateful if you could link back to the EUSPA website (http://www.euspa.europa.eu).