At a recent interactive workshop, the European GNSS Agency (GSA) and the European Investment Bank (EIB) gave a new impetus to the Memorandum of Understanding, MoU, between the two organisations to set common operational principles for scaling up investments in downstream commercial applications related to Global Navigation Satellite Services (GNSS). Under their MoU, signed in 2019, the GSA and EIB are exploring the investment potential for the so-called New Space Economy, with a view to supporting a higher private sector involvement in GNSS innovation-based pilots and projects, thereby contributing to high-skilled jobs and European value-added, while implementing the EU Space Programme.

Following the challenges of 2020, this year will be a key year for the EU Space Programme, European GNSS Agency (GSA) Executive Director Rodrigo da Costa said at a panel discussion at the Munich Satellite Navigation Conference, which was held online on March 16-17. The GSA executive director went on to outline some of the upcoming events to look forward to in the year ahead.