27 November 2018 | 10:35

Creating Opportunities and Shaping the Future

Mauro Piermaria - Head Equity and Governance Affairs

Italian Space Agency

• Italy in Space• The Italian Space Agency• Space economy and the public government role• A comprehensive strategy

• The National Space Economy Plan• The consolidation of the industrial launcher chain• The Public Private Partnerships• The suborbital commercial initiative• The E. Amaldi Foundation• The Venture Capital AstraVenture Fund• The NSE New Space Economy Expo Forum 2019

SESSION OBJECTIVES

ITALY IN SPACE

THIRD COUNTRY TO HAVE LAUNCHED AUTONOMOUSLY A SATELLITE

THIRD EUROPEAN SPACE AGENCY CONTRIBUTOR

THE SIXTH IN THE WORLD FOR SPACE CAPABILITIES

LEADERSHIP IN SAR EARTH OBSERVATION

TOWARDS A TUNISIAN NATIONAL SPACE STRATEGY – TUNIS, 22-24 MARCH 20184

ITALY IN SPACE - MILESTONES

INTERNATIONAL SPACE STATIONCOSMO-SKYMED CONSTELLATION

VEGA

E. AMALDI AND L. BROGLIO – FIRST AEROSPACE PROJECT1958 - FOUNDING MEMBER STATE OF UN-COPUOS

1963 – NATIONAL INSTITUTE FOR SPACE RESEARCH1964 - FIRST ITALIAN SATELLITE FROM WALLOPS ISLAND (USA)

1967 – FIRST ITALIAN SATELLITE FROM MALINDI (KENYA)FOUNDING MEMBER STATE ELDO AND ESRO

1975 - FOUNDING MEMBER STATE OF ESA1977 – FIRST ITALIAN TELECOMMUNICATION SATELLITE

1979 – FIRST NATIONAL SPACE PLAN

1988 – INSTITUTION OF THE ITALIAN SPACE AGENCY

1992 – FIRST ITALIAN ASTRONAUT1997 – CASSINI INTERPLANETARY MISSION

2000+

’50

’60

’70

’80

’90

THE ITALIAN SPACE INDUSTRIES

• Upstream (space systems, satellite manufacturing,ground infrastructures, launching systems)

• Downstream (added value services and• applications)

• Midstream (operations, ground segments)

THE ITALIAN SPACE INDUSTRY COVERS THE WHOLE VALUE CHAIN

THE ITALIAN SPACE AGENCY

250 Employees and 4 Centers- ASI HQ - Rome- Scientific and EO Data Center (SSDC) – Rome - Space Geodesy Center – Matera- Sardinia Radio Telescope (SDSA) – Cagliari- Broglio Space Center – Malindi (Kenya)

Shareholder in 5 Companies (750 employees)

NATIONAL FUNDS FOR SPACE

0

200

400

600

800

1000

1200

2014 2015 2016 2017 2018 2019

Thou

sand

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ASI budget (M€)

ADDRESS AND COORDINATION IN

SPACE AND AEROSPACE MATTERS

THE INTER-MINISTERIAL COMMITTEE FOR SPACE AND AEROSPACE

THE EUROPEAN SPACE GOVERNANCE

FROM SPACE PROGRAMS TO SPACE ECONOMY

• Public government historically principal actor of the space race and technologydevelopment trough increasing public budgets.

• In the last few year we envisaged private resources increase

• Lately investments in space related business by financial firms, with associatedconsideration of return of investments

• Business related to access to space or earth observation reached commercialmaturity as telecommunication and navigation.

In this naturally growing context publicentities can help private investments inspace economy:

1. Lowering technical barriers related tothe exploitation of space technologies.

2. Improving general market conditions,establishing a favorable regulatoryframework.

3. Addressing the matching of demand andsupply sides of the value chains throughsuitable PPP partnership frameworks.

2016

THE ROLE OF PUBLIC IN THE SPACE ECONOMY

THE ITALIAN SPACE AGENCY COMPREHENSIVE STRATEGY

• Helping and supporting coordination of Public entities resources investments.

• ASI role in boosting private investments in space related business is seenfundamental in the following aspects:

1. Technology2. Financial3. Regulation4. Governance5. Industrial

• Public Private Partnership important instrument for opening of new space relatedmarkets, without market disturbance.

Financed by:• National Public Resources• Regional Public Resources• Private Resources

First program of this plan ItalGovSatCom Satellite,Program e Technical management by ASI

Telecommunication services for IstitutionalCommunication in a PPP scheme

NATIONAL GOVERNMENT SPACE ECONOMY PLAN

In December 2016, Italiangovernement approved thePiano Space Economy of 4,7 B€Value.First Piano Stralcio 1,1B€

The new family of launchers is based on

a) market driven approach, responsibilities to industries • Ariane 64 & 62: GTO, LEO and escape orbits for heavy payloads• VEGA-C: small payloads to LEO and SSO

b) continued evolution of technology• Prometheus: large Lox-Methane engine• VEGA-E: small Lox-Methane engine• Callisto: recoverable stages

AVIO spa in June 2017 went public in the market share, ASI M&A op with ELV spa supporting consolidation.

THE CONSOLIDATION OF THE INDUSTRIAL LAUNCHER CHAIN

ALTEC (THALES ALENIA SPACE / ASI)The Italian space economy hub, sub-orbital flights, big data,ISS support

e-GEOS (Telespazio /ASI)Geoinformation, Cosmo Sky-Med Images, Added value services

Space Lab (AVIO /ASI) (Former ELV)Research, development and testing in the propulsion sector

CIRA (ASI / CNR / Campania Region / Private companies)Italian Center for Aerospace Research. Testing facilities for aerospaceresearches.Test with Sierra Nevada (Dream Cheaser ISS) / ESA (Space Rider); stratospheric platform

E. AMALDI FOUNDATIONPromote and support applied scientific research aimed at technologytransfer, starting from the space sector.

THE SPACE ECONOMY TROUGH PUBLIC PRIVATE PARTNERSHIPs

THE SUBORBITAL COMMERCIAL INITIATIVE• Italian Space Agency, Ministry of Transportation (trough ENAC), Defense Ministry,

Ministry of Economic Development working together to create ecosystem forprivate investments in the sector.

• Technology development, Regulation, Research activity, Safety and Security issues,Infrastructure development.

• Italian Government already selected Spaceport location for potential flightsdepartures: Le Grottaglie Airport (Puglia), in southern Italy.

• ALTEC Spa and Sitael Spa working with Virgin Galactic for private suborbitalcommercial flights. Others technology, industrial, financial entities to be included.

• Amaldi Foundation promotes and supports applied researchaimed to technology transfer starting from the Space sector

• Private non profit Research Organization created in February2017 by two founding partners, Italian Space Agency and theprivate consortium Hypatia

• Amaldi Foundation main activities:1. Discover and network national technologic excellences, private or public;2. Creation of a network of KETLABs hosting R&D laboratories;3. Accelerator of technology transfer;4. Innovative financial instruments for of transfer technology.

THE E. AMALDI FOUNDATION – THE CONCEPT

THE E. AMALDI FOUNDATION - THE KETLABs SETWORK

KETLAB Network under consolidationFirst operational in Rome

THE VENTURE CAPITAL - ASTRAVENTURE FUND

Second Venture Capital Fund in Europededicated to Space.

Italian Space Agency announced to be thefirst Corner Investor.

Fondazione E. Amaldi, promoter andtechnical advisor

Primomiglio SGR will be the AssettManagement Company.

Fund Investing 20% in PoC/Seed, 80% Earlystage. Plan for 25/15/5.

The NSE Expoforum is aninternational event focusedon the New Space Economy

Promote and create newmarket opportunities andEconomic development in EU.

Jointly organized byFondazione E. Amaldi andFiera di Roma with SpaceFoundation; endorsed by ASI

THE NSE NEW SPACE ECONOMY EXPOFORUM 2019

QUESTIONS?

THANK YOU