The new German venture capitalist Einstein Industries Ventures wants to invest extensively in young space companies to put them on a growth course. The intention is to exclusively support start-ups from Europe, announced Axel Springer manager Christoph Keese, one of the project's initiators, at the International Aerospace Exhibition (ILA) in Berlin. Einstein Industries Ventures plans to work with investors to inject up to 300 million euros of equity into new applications in the aerospace sector.
"Without space, business models of the future will hardly be feasible," Keese said. In the future, communication via satellites and the analysis of data collected by sensors in space will be part of an infrastructure that can be compared to the Internet or power lines on Earth, he said. For example, leaks in pipelines could be detected from space, or the use of fertilizers in agriculture could be optimized down to the square meter.
Keese emphasized that an analysis carried out by Einstein Industries Ventures showed that there are many excellent new space companies in Europe. "They are really not inferior to the American companies in anything at all. But they all have significant funding pressures, unlike their American competitors. They just can't find money in the market."
When it comes to investments, the venture capitalist said that he wants to focus on young companies that have already completed several rounds of financing and have eliminated the basic technical risk of the venture. They should also have already "achieved significant commercial traction" and be poised for "very rapid growth."
Good examples in the German "new space" start-up scene include the Bavarian companies Isar Aerospace, a manufacturer of small launch vehicles, and satellite developer Orora Technologies, as well as the Berlin-based Earth observation startup LiveEO.
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