The project concerns the Promoter's European capital expenditures and research and development (R&D) activities to further develop features of its new space cubesat platform, to launch new cubesats for a full worldwide service offering and to develop new innovative software applications tailored to customer needs in shipping, aviation, government and weather prediction. The project will comprise the period from 2019 to 2022.
The project's main objectives are to support an European new space start-up in its expansion across the EU, by way of financing mainly its innovation and commercial scale-up investments.
The investments will concern software research, development and innovation (RDI) activities carried out within existing facilities. Therefore the project will fall under Annex I and II of Directive 2011/92/EC.
The Promoter is a private company not operating in the utilities sector and does not have the status of a contracting authority. Thus, it is not covered by EU Directives on procurement.
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
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General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.