Share:

Luxembourg to establish EU space research and business hub with ESA

Luxembourg
On the 11/18/20 at 12:23PM

by

Adrien Paredes-Vanheule

The Grand Duché of Luxembourg on Wednesday has taken further step insetting up locally a European ecosystem for the space-related business, an objective it has been pursuing since 2016. The state sealed a strategic partnership with the European Space Agency (ESA) to establish a “European Space Resources Innovation Centre” (Esric).

This Luxembourg-based new entity will seek partnerships with public and private global players in the space market (sciences, economy, technology) to establish a “hub of excellence for space resources in Europe.” 

Esric’s activities will focus on space resources research and development while contributing to economic growth by supporting commercial initiatives and start-ups. The centre will have a business incubation component and enable technology transfer between space and non-space industries, according to a statement from Luxembourg's economy minister.

The Luxembourg institute of science and technology (List) will operate and host Esric. The ESA will provide equipment, implement research activities and it will also provide technical and business support to the business incubator.