The European Space Agency (ESA) represented by its Technology Transfer Programme Office (TTPO), and The European Trade Association for Business Angels, Seed Funds, and other Early Stage Market Players (EBAN) have recently established a three-year strategic partnership confirming ESA as EBAN ́s new Golden partner.
Commenced in January 2010, this partnership wants to bring to the attention of European business angels and early stage investors the opportunities of innovation originally funded by space programmes. Technologies like geo-information and satellite navigation are the future showcase successes in the field of funding early stage companies with space technologies in Europe.
“The collaboration of ESA and EBAN will stimulate contacts between selected incubators and business angel networks and seed funds. EBAN will support ESA ́s approach to European early stage investors as a provider of quality and exclusive deal flow in the space technology sector” says Brigitte Baumann, President of EBAN.
The main mission of the TTPO of ESA is to facilitate the use of space technology and space systems for non-space applications and to demonstrate the benefits of the European space Programme to European citizens. The office is responsible for defining the overall approach and strategy for the transfer of space technologies, including the incubation of start-up companies and their funding. At the moment the TTPO is supporting the creation of about 80 start-up companies a year.
“Applications based on geo-information are one of the core technologies of the upcoming decade. Our Programme is supporting the companies that will develop these applications. The cooperation with EBAN will enable early stage investors to become aware of our initiative and these start-ups” says Frank M. Salzgeber, Head of the Technology Transfer Programme Office.
EBAN has quadrupled in size in the last five years, and is becoming the entry point for international and European stakeholders interested in European early stage investing. EBAN represents circa 250 angel groups via direct or indirect membership, 20.000 angels and 40.000 entrepreneurs. Business angels and seed funds are key contributors to European economic innovation and entrepreneurship. By supporting high risk and high potential start-ups, business angels play a major role in supporting the creation and growth of tomorrow’s gazelles. With ESA, EBAN members will benefit from extensive knowledge on space related market trends and experience in financing space technologies.
EBAN is a not-for-profit association representing the interests of business angels, business angels networks, seed funds and other entities involved in bridging the equity gap in Europe. EBAN was established with the collaboration of the European Commission in 1999 by a group of pioneer Business Angel Networks in Europe and EURADA (European Association of Development Agencies).
EBAN starts collaboration with the European Space Agency (ESA)
Brussels, January 22nd, 2010