Luxembourg Launches €100m Fund To Back Space Technology Start-ups
Luxembourg launches €100m fund to back space technology start-ups LUXEMBOURG (September 12): Luxembourg, one of the world’s smallest but wealthiest nations, is to launch itself into orbit with the creation of a €100m fund to invest in space technology start-ups. The creation of the fund, which will be in partnership with a number of international companies, will be announced on Wednesday alongside the official launch of the grand duchy’s space agency. Figure 1: Luxembourg launches €100m fund to back space technology start-ups. Etienne Schneider, the deputy prime minister, told the Financial Times that unlike America’s Nasa, the new Luxembourg Space…