Each of the selected startups will be given EUR 50,000, working area, business coaching and providing access to industry. ESA does not acquire any stakes in the startups, or their ideas and products.
Austria is one of the nations involved in exploring outer space. 100 companies with 1,000 employees generate about EUR 125 million in revenues each year in this business area. For example, Magna supplies fuel pipelines for the Ariane launch vehicles.