New step for ESA: European Center for Space Economy and Commerce opens

space esa

The Space Economy is increasingly at the center of the commercial and political interests of all countries. Today every euro invested in space generates 3 to 7 returns and technology has made great strides in recent years.

Investing in space means not only strengthening research but also improving the living conditions on the planet. Climate change is posing new challenges to the conditions of human, animal and plant life. Analysis and monitoring allow not only to carrying out a prevention activity, even for natural disasters, but also permit the optimization of resources. In agriculture, for example, it is possible to sip the use of water thanks to the improvement of hardware tools and artificial intelligence.

The ESA center aims to create jobs and prosperity in Europe by fostering a fertile environment to promote the development of the space economy and boost the commercialization of space in Europe. It will encourage disruptive innovation and foster partnerships between professionals and enthusiasts.

The European Center for Space Economy and Commerce will be launched at an event on 4 July that will be livestreamed from the European Space Policy Institute in Vienna, Austria, where it will be based.

The event kicks off activities at the center, which will provide a European platform for interdisciplinary debates and research.

Individuals professionally involved in the space economy and commerce – who share an interest in the development of the space industry in Europe – will be able to attend conferences and workshops, networking sessions, working groups, collaborative research, competitions for students, and summer schools.

The center will welcome members from different professional backgrounds, including economists, engineers, scientists and lawyers from commercial companies, public institutions, international organizations, and academia.

MIPRONS wants to make an important contribution to the development of activities in space. This is why our mission is to develop the tiniest, most powerful and versatile space propulsion system. We are currently developing two solutions. The first one, ALBIREO, is so tiny to fit within nanosats and so powerful as to allow micro-minisats the speedy accomplishment of high thrust maneuvers. In about 0.3 CubeSat units (fuel excluded), up to 20N of thrust may be delivered, with a specific impulse greater than 350s. Our second solution, ALBIREO, the ALEXIUS upgrade, will allow, with only one propulsion concept, both low and high-thrust maneuvers (attitude, control and orbit changing), lowering the overall weight and complexity.