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Importance of Space Technology in Current Trends
- Connectivity: Space allows communication where ground infrastructure fails or is absent (remote areas, disaster zones).
- Climate change is ongoing, increasing the need for space technologies in disaster management (floods, wildfires).
- Demographic trends: Aging populations and overpopulation in different regions require better urban planning and sustainable energy, supported by space data.

Space as a Business Opportunity
- The global space market exceeds €600 billion, larger than cybersecurity, VR, and currently AI.
- Space industry growing at a double-digit annual rate.
- EU investments total around €16 billion plus additional national funds.
- The Cassini program supports over 600 startups in space entrepreneurship and manages €1 billion investment.
- Private investment strong with over €15 billion invested in space companies in 2021 and more than 200 deals annually.
- Venture capital engagement is growing, especially in Poland, with several funds and companies listed on stock exchanges.
- Examples of successful European space companies: Iceye (satellite imagery), ClearSpace (space debris removal), and companies involved in data analytics.

Applications of Satellite Data Across Industries
- Energy: Enel used satellite data to assess climate risk on energy grids and improve infrastructure resilience.
- Retail: IKEA employed satellite data to ensure sustainable wood sourcing, verifying no deforestation impacts.
- Finance: World Bank used space data to evaluate sustainability and biodiversity impact of infrastructure investments.
- Hospitality: Core Hotels developed dashboards using environmental data for real-time monitoring to forecast tourism demand and assess climate impact on operations.

Services Offered by EU Agency for the Space Program (EUSPA)
- Support for startups: Hackathons, prize competitions, matchmaking with investors through the Cassini program.
- Support for corporates: Business process analysis to identify where satellite data can add value, similar to how AI is integrated.
- Support for investors: Deal flow generation, startup scouting, and technical due diligence support.

Actionable Items / Tasks
- Startups: Engage with Cassini program for funding, mentorship, and networking opportunities.
- Corporates: Consult with EUSPA to explore integrating satellite data into business processes.
- Investors: Join EUSPA networks to access space startup investment opportunities and technical expertise.
- All interested parties: Visit the EU Space Days and Cassini booth for personalized discussions and case evaluations.

Why Space Tech Matters Now More Than Ever

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15:55 - 16:15, 27th of May (Tuesday) 2025 / INSPIRE STAGE

Space technologies have quietly become the backbone of our modern world—powering navigation, securing borders, monitoring climate change, and driving dual-use innovation. Yet for many digital professionals and investors, space remains a distant frontier. This keynote will break that myth and show why now is the moment to pay attention. Discover how space-enabled applications are rapidly becoming high-growth, revenue-generating assets and why satellite data can offer your business an untapped competitive edge. Whether you’re building tech, investing in innovation, or shaping strategy, this session will open your eyes to how space tech is no longer "out there"—it's right here, ready to transform your industry.

AUDIENCE:
Profitable Company
TRACK:
Business & Tech trends Growth SpaceTech
TOPICS:
Industry Focus

Justyna Redelkiewicz

EU Agency for the Space Program