AZO and CzechInvest sign Memorandum of Unterstanding

Today, AZO signed a cooperation agreement between ESA BIC Bavaria and CzechInvest, the managing company of the new Czech ESA BIC Prague. The signature by Karel Kucera, General Director of CzechInvest and Thorsten Rudolph, Managing Director of AZO, was attended by S.E Bohuslav Sobotka, Prime Minister of the Czech Republic and Bavarian State Minister Dr. Marcel Huber.

This marks the starting point of a cooperation, aiming to foster the cross-border cooperation between the Free State of Bavaria and the Czech Republic in the field of supporting company foundations developing commercial space applications.

ESA's Business Incubation Centre Bavaria
ESA BIC Bavaria was launched in 2009 and is since managed by AZO. ESA BIC Bavaria and its renowned partners - DLR, Airbus Defense and Space, Fraunhofer IIS and Wirtschaftsförderungsgesellschaft Berchtesgadener Land - provide startups with financial and technical support at four branch offices: Oberpfaffenhofen, Ottobrunn, Nürnberg and Berchtesgadener Land. With more than 100 company foundations to date, it is one of Europe's most successful startup programmes in the field of space technology transfer.

AZO - Space of Innovation
AZO specialises in building and maintaining international innovation networks that enable it to support product innovations and company foundations with a focus on the commercial use of space technologies and infrastructures. By leveraging its extensive experience as a specialist in building and maintaining global innovation networks and organising related competitions, AZO supports product innovations and the creation of new companies, particularly in the field of commercial aerospace applications.