The European Space Resources Innovation Centre (ESRIC) has launched a unique worldwide incubation programme entirely dedicated to space resources utilisation. The so-called Startup Support Programme (SSP) is aimed at supporting space start-ups in the development of space resources technology with terrestrial and/or space applications.
Three phases to develop space resources start-ups
The objective of the ESRIC SSP is to support start-ups in the critical early-stage ventures activities in 3 phases building on each other:
- Phase 1 (3 months): Concept validation
- Phase 2 (24 months): Incubation & Financial support for Prototyping and POC testing activities
- Phase 3 (36 months): Business development
The objective is to strengthen and foster the development of a space resources ecosystem, leading to the next generation of space resources related business ideas.
The SSP is run in cooperation with the European Space Agency (ESA), the Luxembourg Space Agency (LSA), the Luxembourg Institute of Science and Technology (LIST), Technoport SA, public and private partners, as well as with several entrepreneurs and investors from leading European space resources organisations.
Image credit: ESRIC