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ARTICLE · 09 DECEMBER 2024

What Does A Space Powered Economy Mean?

Marks & Clerk
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The ESA's "Towards a Space Powered Economy" event showcased innovative uses of space technologies, such as UEFA's satellite crowd management and FIS's environmental monitoring. Businesses are encouraged to leverage these technologies, potentially creating protectable intellectual property.

United KingdomIntellectual Property
Thomas Storey
Thomas Storey
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Last week I attended an event called, "Towards a space powered economy", organised by the European Space Agency (ESA) as part of their Business Applications and Space Solutions (BASS) programme.

The BASS programme aims to help businesses solve problems on Earth using space technologies, leading to what is known as, "a space powered economy". While at the event, I heard from a range of businesses in different industries, with the most surprising ones belonging to the sporting industry. For example, the Union of European Football Associations (UEFA) uses satellites to help monitor and direct crowds towards stadiums. Another example is the International Ski and Snowboard Association (FIS), which uses satellites to help with sustainability issues they face by monitoring deforestation and pollution on mountains.

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