The Belgian federal holding company has invested a “substantial” amount in the €100m Open Sky Technologies Fund (OSTF), the investment vehicle initiated by the European Space Agency (ESA) through its Technology Transfer Programme (TTP) early this year.
The fund aims to invest in high-potential start-ups that utilize applications and technology originally developed for space and commercialize them in high-growth industries on Earth.
ESA will work as a deal-flow originator through its network of European ESA Business Incubation Centres (BIC) and its international technology transfer activities.
The OSTF, which has already made its first two investments into location-based service (LBS) companies and is currently screening a multitude of promising opportunities, is managed by Triangle, a European early-stage technology investor focusing on research spin-offs.
FinSMEs
23/09/2010