{"id":14749,"date":"2022-05-11T14:13:00","date_gmt":"2022-05-11T12:13:00","guid":{"rendered":"https:\/\/www.uni.lu\/snt-en\/?post_type=news&#038;p=14749"},"modified":"2025-02-25T14:31:07","modified_gmt":"2025-02-25T13:31:07","slug":"the-inaugural-newspace-ventures-talk","status":"publish","type":"news","link":"https:\/\/www.uni.lu\/snt-en\/news\/the-inaugural-newspace-ventures-talk\/","title":{"rendered":"The Inaugural NewSpace Ventures Talk"},"content":{"rendered":"\n<section class=\"wp-block-unilux-blocks-free-section section\"><div class=\"container xl:max-w-screen-xl\">\n<p>On 28 April, about 70 participants from the business world gathered at the Spuerkeess offices in Luxembourg City to discuss ventures in the commercial space sector and learn about the latest advancements of this ever-evolving industry.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/ism.uni.lu\/news-events\/newspace-ventures-talks\/\" target=\"_blank\" title=\"\" rel=\"noopener\">NewSpace Ventures Talks<\/a> is a series of events organized by SnT, Technoport, and InTech, with the support of Spuerkeess and UNIVERSEH, bringing together the business, technical and financial side of NewSpace ventures in dedicated sessions on current sector developments. The talks aim to be a networking platform for strategic partnership opportunities, and a way for attendees to keep the pulse of the commercial space industry. Each event offers opportunities to hear from and exchange with experts in aerospace engineering, space\u202fentrepreneurs, business, and more.&nbsp;<\/p>\n\n\n\n<p>This first event, focused on Concurrent Engineering, welcomed speakers from <a href=\"https:\/\/www.esa.int\/\" target=\"_blank\" title=\"\" rel=\"noopener\">ESA<\/a> and the University of Luxembourg. Concurrent Engineering is an engineering approach characterised by specialists working together in real time on different aspects of the same project, as opposed to a sequential approach in which every subsystem is developed autonomously. As it allows for more effective design, it has recently become the standard in space systems engineering.<\/p>\n\n\n\n<p>&nbsp;<a href=\"https:\/\/wwwfr.uni.lu\/snt\/people\/loveneesh_rana\" target=\"_self\" title=\"\" rel=\"noopener\">Dr. Loveneesh Rana<\/a>, Head of the Concurrent Design Facility (CDF-LU) at SnT, opened the event with an overview of space systems research in Luxembourg, explaining the role of the Concurrent Design Facility at the University, and the projects currently being conducted by SnT and the students of the <a href=\"https:\/\/ism.uni.lu\/\" target=\"_blank\" title=\"\" rel=\"noopener\">Interdisciplinary Space Master<\/a>.&nbsp;<\/p>\n\n\n\n<p>After Rana\u2019s introduction, guest speaker Massimo Bandecchi, former Head of the Concurrent Design Facility (CDF) at ESA, spoke about concurrent engineering as a holistic approach to engineering and business. He explained how ESA leverages Concurrent Engineering to analyse hundreds of proposals from member states and select several to pursue every year. In fact, hundreds of ESA missions were designed in the CDF, with destinations as far as Neptune, Uranus, and the Sun. This approach, Bandecchi underlined, is particularly advantageous in terms of costs, as it brings considerable savings: overall, a factor four reduction in time, and a factor two reduction in cost. What\u2019s more, the projects developed in the CDF have 30% less engineering challenges in later phases (design and implementation), which is crucial to their success.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Following this keynote St\u00e9phane Pallage, Rector of the University of Luxembourg, then intervened in a video message to underline the role of research and teaching in the NewSpace sector, and its relevance in the context of the Grand Duchy. \u201cSpace is now as important as steel, once the number one industry in the country,\u201d explained Pallage. \u201cWe are training students for jobs that do not yet exist,\u201d he added, mentioning the University\u2019s initiatives such as the Master in Space Communication and Media Law, the Interdisciplinary Space Master, and more recently, the university\u2019s involvement in UNIVERSEH.<\/p>\n\n\n\n<p>After this intervention there was a presentation of the winners of the 2021 SpaceHack hackathon, co-organised by InTech and Technoport. The award went to a group of students at the University of Li\u00e8ge formed by <a href=\"https:\/\/www.linkedin.com\/in\/a%C3%AFsha-laabel-b89a321bb\/?originalSubdomain=be\" target=\"_blank\" title=\"\" rel=\"noopener\">A\u00efsha Laabel<\/a>, <a href=\"https:\/\/www.linkedin.com\/in\/david-georges-b5a6b6223\/\" target=\"_blank\" title=\"\" rel=\"noopener\">David Georges<\/a>, <a href=\"https:\/\/www.linkedin.com\/in\/emmanuel-catry-682109119\/\" target=\"_blank\" title=\"\" rel=\"noopener\">Emmanuel Catry<\/a>, Emmanuel Bomanga, and <a href=\"https:\/\/www.linkedin.com\/in\/ACoAADXh53IBTRtUDzryMNzFcKgkXByqTSJviyQ?lipi=urn%3Ali%3Apage%3Ad_flagship3_search_srp_content%3BKcA%2BDTKDQV%2B0X%2BnHwpDZzw%3D%3D\" target=\"_blank\" title=\"\" rel=\"noopener\">Mariana Ochodkova<\/a>, who presented a project on power generation in space. As part of their prize, the students were offered support for concept prototyping in the SnT\u2019s Concurrent Design Facility in February 2022 and are currently looking for investors.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/wwwfr.uni.lu\/recherche\/fstm\/dlsm\/people\/eric_tschirhart\" target=\"_blank\" title=\"\" rel=\"noopener\">Eric Tschirhart<\/a>, Professor of Physiology at the University of Luxembourg, closed the event with a presentation of <a href=\"https:\/\/universeh.eu\/\" target=\"_blank\" title=\"\" rel=\"noopener\">UNIVERSEH<\/a>, the European University for Space Education and Humanities. UNIVERSEH is a consortium of five European universities established in 2020 to develop new ways of collaborating in the field of space, including supporting job creation, industrial growth and resolving societal challenges across Europe. Under the team leadership of Tschirhart, the University of Luxembourg focuses on stimulating entrepreneurship and entrepreneurial skills among students, as well as strengthening the sustainability of the network and its communication.<\/p>\n\n\n\n<p>The event concluded with a networking session in the beautiful context of the Spuerkeess offices in 19, Avenue de la Libert\u00e9 in Luxembourg, once the headquarters of Luxembourg\u2019s steel giant Arcelor Mittal.<\/p>\n\n\n\n<p>Watch the talk here:<\/p>\n<\/div><\/section>\n","protected":false},"excerpt":{"rendered":"<p>On 28 April, about 70 participants from the business world gathered at the Spuerkeess offices in Luxembourg City to discuss ventures in the commercial space sector and learn about the latest advancements of this ever-evolving industry.\u00a0<\/p>\n","protected":false},"author":335,"featured_media":14750,"template":"","format":"standard","meta":{"featured_image_focal_point":[],"show_featured_caption":false,"ulux_newsletter_groups":"","uluxPostTitle":"","uluxPrePostTitle":"","_trash_the_other_posts":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false},"news-category":[4],"news-topic":[],"organisation":[184],"authorship":[335],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.3) - 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