Luxembourg launches satellite fund
December 5, 2019
By Chris Forrester
The Luxembourg government is launching a dedicated fund to invest in high financial return projects linked to the satellite and space sector.
Luxembourg-based satellite operator SES will invest in the fund starting in 2022 and will provide up to €7 million annually into the concept.
“The fund SES will be contributing to starting from 2022 is aimed to support and strengthen the Luxembourg space sector as well as benefit the wider local economy,” said SES.
The fund will be mainly supporting activities with attractive financial returns, and also some relevant activities with indirect return, such as scientific research or reducing the digital divide, according to sources.