Highlights

ESA BIC Bavaria supported companies reached the financial mark of 2 billion euros in private capital – a benchmark on the importance of space for the economy!

The ESA BIC Bavaria programme from AZO has announced a major milestone in the development of the European space industry. Two billion euros in private capital have been invested in the programme's incubatees and alumni, including the recent 155 million euros raised by Isar Aerospace, a Munich-based startup developing launch vehicles for small satellites. This strongly demonstrates the successful and growing space and new space significance and ecosystem in Germany and especially in Bavaria. It also underlines the effectiveness of the programme initiated by ESA and supported by the Germany Space Agency at DLR and the strong impact of the supporting contribution from the Bavarian Ministry of Economic Affairs.

kiutra – Cryostats Cooling Solutions

Quantum technology is an emerging field of physics and engineering and kiutra is using this technology to provide easy-to-use and cost-efficient cooling solutions for research laboratories. Its solution permanently creates very low temperatures through continuous magnetic refrigeration, a technique initially developed for space missions. An interview with kiutra CEO and co-founder Dr Alexander Regnat.

New Investment secured by Ororatech – Thermal-infrared camera in space

Munich-based company OroraTech is the first commercial company to have a thermal-infrared camera in space and provide actionable insights from earth observation data to clients worldwide. The company produces in-depth business insights for the customers insights by applying AI algorithms to its unique proprietary data. In late November, the company announced their series A extension round of 15M€, led by their new investor Edaphon, a Belgium-based climate impact investor, and backed by their current investors as well as public sector co-funding from ESA and the Free State of Bavaria. This enables OroraTech to further expand its space-based thermal-infrared climate solutions portfolio. An interview with Martin Langer, CTO at OroraTech.

nebumind – Optimise Manufacturing Processes With Digital Twins

Quality assurance technology is not only a major topic within the space sector. The Munich-based software startup nebumind is active in the field of production and offers companies new insights in the form of digital twins in order to optimise manufacturing processes.

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