Fostering Terrestrial Innovation and the Creation of New Startups via Institutional Venture Capital

Paper number

IAC-10.E6.1.6

Author

Mr. Joerg Kreisel, JOERG KREISEL International Consultant (JKIC), Germany

Coauthor

Mr. Frank Salzgeber, European Space Agency (ESA), The Netherlands

Coauthor

Mrs. Aude de Clercq, European Space Agency (ESA), The Netherlands

Year

2010

Abstract

Over decades, the European space community has developed a multitude of space technologies that partly also have potential for utilization in 
terrestrial industries. ESA's Technology Transfer Programme TTP is focused around this mission for 20 years now, and supports relevant developments i.e. with its four ESA Business Incubation Centres (ESA-BICs)incubation centers and other associated networks like ESINET. 

Despite a sound number of transfers and new business creation activities, non-space industries and financiers are still barely aware or involved, although numerous space technologies and satellite applications, e.g. in areas as geo-information, location-based services or earth opservation ideally meet current and future terrestrial market needs.
 
In a logical next evolutionary step ESA has added a venture capital approach to its current TTP to complement and broaden the commercialization of European space-related technologies. This paper 
elaborates on the scope and processes to support such new business creation with special emphasis on the Open Sky Technology Fund and associated effects. Furthermore issues associated with companies in the field of new space will be addressed.

Abstract document

IAC-10.E6.1.6.brief.pdf

Manuscript document

IAC-10.E6.1.6.pdf (🔒 authorized access only).

To get the manuscript, please contact IAF Secretariat.