Low-Cost Space Launch: EU sets €10M prize for cheap rockets

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.

The challenge is to develop a European technologically non-dependent solution for launching light satellites into Low-Earth Orbit (LEO), which will enable dedicated low-cost launches with committed schedule and orbit. The solution needs to be innovative, implementable, affordable in development and exploitation phases, and commercially viable.

Moreover, the solution will enhance on European access to space and associated technological non-dependence and thereby will provide strategic and competitive advantages for European companies, SMEs, universities and research organisations.

The contest is open to all legal entities (i.e. natural or legal persons, including international organisations) or groups of legal entities established in an EU Member State or in a country associated to Horizon 2020.

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.

Timetable
12 June 2018   contest opens
1 June 2021   deadline to submit applications

Prize value       €10 million

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