Luxembourg Teams up with ESA to Create a Unique “European Space Resources Innovation Centre” to be Established in the Grand Duchy
Luxembourg entered a strategic partnership with the European Space Agency (ESA) to create a “European Space Resources Innovation Centre”, called ESRIC in abbreviated form. Unique of its kind, ESRIC aims to become an internationally recognised centre of expertise for scientific, technical, business and economic aspects related to the use of space resources for human and robotic exploration, as well as for a future in-space economy.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201118005699/en/
Based in Luxembourg, ESRIC will partner with public and private international players in this field to create a hub of excellence for space resources in Europe. The creation of ESRIC is part of the Luxembourg government initiative SpaceResources.lu launched in 2016 to establish an ecosystem favorable to the development of activities related to the exploration and use of space resources.
ESRIC’s activities will focus on space resources research and development, drawing together excellence from public research and its facilities, with private sector initiative and efficiency. The centre will also contribute to economic growth by supporting commercial initiatives and start-ups, offering a business incubation component and enabling technology transfer between space and non-space industries.
On 18 November 2020, an implementation agreement concerning cooperation activities at ESRIC was signed between the Ministry of the Economy, as the supervisory body of the Luxembourg Space Agency (LSA), the Luxembourg Institute of Science and Technology (LIST), a leading mission-driven research and technology organisation, and ESA. ESRIC is operated and hosted by LIST. Among others, ESA will provide equipment, implement research activities at ESRIC and give technical and business support to the business incubator.
When signing the agreement, the Luxembourg Minister of Economy Franz Fayot said: “ESRIC is the first research, business and innovation centre wholly focused on the utilisation of resources which you can find in space. Mission-driven research and applications, best-in-class talent and state-of-the-art facilities unique in Europe are the keys to success.”
Jan Wörner, the ESA Director General, stated: “I warmly welcome the strategic partnership between ESA and Luxembourg in establishing ESRIC, a one-of-a-kind centre dedicated to research and innovation in the field of space resources. I have been closely following the Luxembourg initiative on space resources since its very inception and I am very happy to see ESA Member States driving new endeavours and a concrete outcome.”
About Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
DC-EIG18.6.2021 21:04:08 CEST | Press release
EIG-Led Consortium Closes $12.4 Billion Infrastructure Deal with Aramco
NY-MOODY’S-ESG-SOLUTIONS18.6.2021 18:15:10 CEST | Press release
Moody's ESG Solutions: V.E provides Second Party Opinion on Desjardins’ Sustainable Bond Framework
HSBC-CONTINENTAL-EUROPE18.6.2021 15:32:12 CEST | Press release
Sale of Retail Banking Business in France
HSBC-SFH18.6.2021 15:32:12 CEST | Press release
Potential sale of HSBC SFH (France): Signing of a Memorandum of Understanding
CA-LUMEN18.6.2021 15:32:12 CEST | Press release
UFC® Names Lumen® the Official Metabolic Tracker of the UFC Performance Institute
NV-HILTON18.6.2021 15:09:10 CEST | Press release
Hilton Doubles Down on Las Vegas Growth with Rapidly Expanding Portfolio and Grand Return to the Strip
CA-ANDERSEN-GLOBAL18.6.2021 11:24:07 CEST | Pressemeddelelse
Andersen Global udvider i fire caribiske lande med CATC-HCC
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom