Asian Surveying & Mapping
Breaking News
Aerodyne Group and DroneDash Technologies Collaborate to Introduce Cross-Border Drone Delivery Services between Malaysia and Singapore
Partnership enables cargo delivery across national boundaries at any...
Notice regarding the Launch Schedule for our SAR Satellite “StriX-3”
TOKYO, 2024, February 21– Synspective Inc., a Synthetic Aperture...
Indian space sector to be turned into a business activity: ISRO chairman
The Indian space sector is changing from a "closed"...
Japan Space Agency Says Test Flight for New Flagship Rocket is Rescheduled for Saturday
Japan's space agency says its new flagship H3 rocket...
First U.S.-India joint space mission will deliver hyper-detailed view of Earth
An upcoming satellite mission will provide a first-of-its-kind, hyper-detailed view...
Russia launches barrage of 45 drones over Ukraine as Kyiv changes more military leaders
KYIV – Russian forces launched 45 drones over Ukraine in...
Africa, China, Russia, United States Space intelligence programmes in Africa adapt to raging geopolitical storms
The problems encountered by Moscow in its space observation...
Saudi Arabia to monitor sustainability strategy from space
Saudi Arabia is looking to tap into the Earth observation...
ESA’s ERS-2 Satellite to Embark on Final Journey Back to Earth
The European Space Agency (ESA) has devised a plan...
European Satellite To Crash Back To Earth Within Week
A large satellite which ended its mission 13 years...

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.”