Space sector funding hampered by rules on defence investment, says expert

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‘Unresolved conflict’ must be addressed to bring in more early-stage investment to the Irish industry, IIEA event hears

Links between space technologies and the defence industry could constrain efforts to increase investment in the Irish space sector, according to a leading Irish expert in space economics.

Neale Richmond, the junior minister for space, told the “Space: A New Frontier for Ireland?” event in Dublin that the State can become a “key player” in the sector. The value of ESA contracts in the State last year arrived at €13.5 million.Kielys’ ‘temple of opulence’ Ballsbridge apartment put up for sale at €1.75mThe bank that loves branches – and, no, it’s not in great financial shape

“This is an unresolved conflict in the industry, and it is something that needs to be resolved if we want to start bringing in early-stage investment into the industry, especially in Ireland.”

 

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