The revenue generated by the global space industry may increase to more than $1 trillion by 2040 (Morgan Stanely 2019). Supporting one of the fastest-growing markets in Europe is the objective of EC, ESA and Austria.
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Although space research is designed primarily to explore space, many of the technological innovations can be used in everyday applications, outside the space industry. The ESA Business Incubation Centres foster new European business based on spinning off technologies and expertise developed by ESA and under European space programmes to be used in non-space industries and systems.
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