The European Innovation Council (EIC) Horizon Prize to develop a European Low Cost Space Launch solution is now open for applications. The Prize will award €10 million to an innovative and commercially viable solution offering low-cost launch services for light satellites.
Space technology, data and services have become indispensable in the daily lives of Europeans and for Europe to pursue its strategic interests.
Small, light satellites are crucial to improve space-based connectivity, internet services, Earth imaging and positioning. To make sure that the EU is able to launch these satellites independently, it needs to have its own dedicated launch services for small satellites.
The Prize will be awarded to the contestant(s) who provide the best technical and sustainable low-cost launch services for light satellites. Extra points will be given to participants if they have already managed to launch light satellites and have a service concept for low-cost launch services (i.e. have a proven business plan with customers that pre-commit to the service concept) in place by the time of their application.
The Prize will contribute to the objectives of the Commission’s Space Strategy for Europe, which aims at reinforcing Europe's autonomy in accessing space and at encouraging the development of commercial markets for low-cost launch solutions.