European startups: VC investors here still risk-averse. EU institutions: But we’re not. Consider our flight ticket

by Peter B. de Selding

credit: European Commission

BRUSSELS — European space-technology startups said European venture capital investors remain too risk-averse to help young companies grow, especially those with high capex requirements, despite European government moves to back New Space.

The notoriously capex-intensive startup launch sector was the most-cited example, but geospatial imagery provider GeoSat of Portugal said it too has blank stares from VCs when the company explains its business model.

“There is an issue that every time you go with a business plan that has a launch . . .

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