Asian Surveying & Mapping
Breaking News
Chinese scientists say goodbye to Tiangong-2, expecting space station
After helping scientists complete many significant experiments such as...
ISRO Joins Exclusive club with Launch of Chandrayaan-2 Mission
A GSLV Mk II rocket lifted off from the...
Mapbox and Yahoo! JAPAN Collaborate to Transform the Digital Experience of Maps in Japan
San Francisco, California and Tokyo, Japan- Mapbox and Yahoo...
Japan’s Terra Drone gains footing in Central Asia with investment in leading Kazakh drone company KazUAV
Nur-Sultan, Kazakhstan – July 18, 2019 – Japan-based Terra...
ISRO calls off Chandrayaan 2 launch due to technical glitch
India’s ambitious second lunar mission, Chandrayaan 2, suffered a...
Ministry of Interior wins global excellence award in GIS
Doha: The Ministry of the Interior, represented by the...
UAE military satellite lost in Vega launch failure
A European Vega launcher failed Wednesday night around two...
Russia Launches Telescope Into Space To Map The Cosmos In ‘Outstanding’ Detail
Russia has successfully launched a new telescope into space, marking...
UAE’s space programme: ‘UAE to come back stronger with the launch of Falcon Eye 2 soon’
Dubai: The loss of the Falcon Eye 1 satellite...
France announces Air and Space Force, due to launch in 2020
French President, Emmanuel Macron, has announced that the country's...

June 18th, 2019
Luxembourg Space Agency approves EUR 1 million grant to Kleos Space

Kleos Space reports that the Luxembourg Space Agency (LSA) has approved an additional EUR euro 1,000,000 financial grant (non-equity) support for data product development.

Currently, the Grand Duchy of Luxembourg is home to approximately 50 space companies and research labs. The space sector’s contribution to the nation’s GDP is among the highest ratios in Europe.

The country’s expertise in international finance and dedicated funding resources fosters the sustainable and ongoing development of the country’s space capabilities.

With the funding support approval from the Luxembourg Space Agency, Kleos has entered the European Space Agency Business Applications programme process and aims to be on contract with initial funding receipts by the end of 2019.

The funding, conditional on successful launch of the Kleos Scouting Mission, will be applied towards further developing Kleos data products, enhancing capability and increasing revenues.

Andy Bowyer, CEO of Kleos Space said, “The Luxembourg Space Agency eco system is highly supportive of commercial enterprises, assisting with product development financing and also licencing.”