European Space Agency’s business incubator launched

The European Space Agency Business Incubator (ESA BIC Lithuania) is being set up in Lithuania to bring together space start-ups, provide them with technical and consultancy support and support the development of innovative products, the Ministry of the Economy and Innovation said on Friday.

The incubator’s start-up funding until 2027 will come from a EUR 500,000 package of EUR 1 billion planned for the Lithuanian economy.