GSA launches call for Venture Capitalists

Published: 
22 December 2020
The GSA database will put space start-ups/SMEs in touch with investors interested in space

The European GNSS Agency (GSA) has launched a call for expressions of interest to set up a database of Venture Capital Entities (VCs) interested in investing in European innovative companies working in the downstream space domain. The goal is to allow start-ups and SMEs in the downstream space segment to connect with investors that may be interested in their products.

In an effort to meet the needs of users of downstream space applications and services, the GSA has consistently taken action to support start-ups, SMEs and space-based R&D projects in developing innovative applications based on European GNSS. The present call is a continuation of this work.

The list of Venture Capitalists interested in investing in space will be published on the GSA website in the hope that this will make it easier for companies in the downstream space sector to get in touch with investors. The database of the VCs will be kept for 7 years.

Read this: Precise Point Positioning opens up new mass market possibilities  

Interested in registering?

If you are a VC and are interested in registering on the database, you should submit the following information to the email address research@gsa.europa.eu, clearly indicating “Call for expression of interest - VCs” in the subject line:

  • Company name
  • Market segments of interest
  • Short description of the VC
  • Link to the VC website
  • Contact point

There is no registration deadline.

Creating jobs, improving lives

This call for expression of interest follows on from the signing of a Memorandum of Understanding between the GSA and the European Investment Bank in September last year to bring together the expertise and experience required to explore new investment support for the European space-based economy. Within the MoU the GSA agreed with the EIB to create a publicly available Space Venture Capitalists database.

And this: Timing is everything – GNSS and the energy grids of the future

The ultimate goal of these efforts is to create high-skilled jobs in the EU and improve the day-to-day lives of Europeans by supporting innovative companies and accelerating the development of new applications that use European global navigation satellite systems and Earth observation data. Cooperation with Venture Capitalists, facilitated by the new database, will support space-based companies in increasing competitiveness in the downstream space sector. 

For more information on the Call, click here.

Media note: This feature can be republished without charge provided the European GNSS Agency (GSA) is acknowledged as the source at the top or the bottom of the story. You must request permission before you use any of the photographs on the site. If you republish, we would be grateful if you could link back to the GSA website (http://www.gsa.europa.eu).

Updated: Dec 22, 2020