Summary sheet
The project concerns the research and development (R&D) investments for an enlarged satellite platform including streamlined subsystems for their entire product range. For payloads the focus is on high frequency applications, which are crucial for the telecom sector. The project is implemented mainly in Alborg (Denmark) complemented by smaller implementations in other EU countries.
The project aims to support a leading European nano-satellite manufacturer and the European New Space industry, in line with EU space policy. The venture loan will co-finance the promoter's investment plan in R&D, operating, and capital expenditures in the EU, mainly in Denmark, over 2022-2025. The investments will fund product development (satellite products, platforms and solutions) and related new recruits.
GomSpace is a reputable Danish nano-satellites manufacturer in the emerging and strategically important European New Space industry. The project entails a venture loan to GomSpace to co-fund innovation and growth investments, mainly in Denmark (EU). This targets multiple EIB and EU policy goals, including funding EU deep tech innovation and strategic autonomy in space (with further positive externalities across industries), and addressing an investment gap in European venture capital markets. The project will support the faster development of GomSpace's satellite platform, adding more functionality and efficiency to its satellite products and services. This will improve access, quality and frequency of space data for various terrestrial and space applications, such as earth observation, satellite broadband communications, climate monitoring, or space exploration and research. The EIB venture loan will grant substantial risk capital at longer maturities and later repayments than current market standards for venture debt, allowing faster execution and greater managerial focus on business strategy, thanks to a more stable capital structure. The EIB investment also signals a stamp of approval by the EU to the market, favouring the crowding-in of new investors.
The investments will concern mostly R&D activities carried out in already existing facilities. Therefore the project does not fall under Directive 2014/52/EU amending the EIA Directive 2011/92/EU.
The promoter is a private company not operating in the Utilities sector and does not have the status of a contracting authority. Thus it is not covered by EU Directives on public procurement.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
News & Stories
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
Related publications