Greek Space Program Gets Boost

ellhnikh-diastimiki-texnologiaA five million euros ($6.59 million) funding proposal has been approved for the Hellenic Space Technologies and Applications Cluster (si-Cluster)  by the General Secretariat for Research and Technology (GSRT).

Members of si-Cluster-Greek high tech companies and research centers represent a significant proportion of the Greek research and industrial potential, in the field of space technology and applications.

The majority (59%) of the members are limited liability companies, 9% are limited companies, 14% general partnerships and 18% are of other legal form (universities, research centers, local companies).

Some 28% of the industrial members are medium-sized companies while 72% are small companies. About 11% of the industrial members have a turnover between 10-50 million, 28% between 2-10 million and 61% less than 2 million.

The economic crisis, seems to have had a rather small effect in this specialized space sector, compared to other sectors of the Greek economy, given that none of the companies were closed. Instead, some new ones were created, at the same moment that cluster exports increased over the last two years.