What is Space Economy?
The space economy creates value through space technology and its utilisation, supporting communication, navigation, environmental monitoring, disaster response, and resource management. These technologies drive economic growth and enable smarter cities, precision agriculture, climate monitoring, and global connectivity.
What SpacEconomy does?
We develop new business models for the space economy and flexible governance frameworks.; strengthen resilience; promote preparedness for future threats; increase awareness of the space sector among the general public and decision-makers; and design new education pathways in the space sector encouraging entrepreneurship.
Finland is a spacefaring nation
Since launching Finland's first satellite in 2017, the country has emerged quickly as a key player in the new-era space industry. Strong academic foundations and agile public funding spurred initial growth, followed by significant private investment.
Giving the second push
Meanwhile, the public and academic sectors struggle to scale, hindering decision-making and support for the evolving space economy. The SpacEconomy collaboration unites universities and research institutes that propelled Finland into the space age – and now we ignite our engine again.
Most recent postings
The SpacEconomy project engages with social media by sharing updates about the project, as well as general news related to New Space and the Finnish space economy. |  | Join our SpacEconomy Friends email list and receive the latest news from our project approximately once a month! Link for registration. |
Our project is divided in eight highly interlaced work packages
Click the titles for more information.
WP1 builds a scalable Finnish ecosystem for Earth Observatorion and satellite navigation data, improving access, AI-enabled processing and cross-sector use in areas like climate services, security and smart infrastructure. It leverages Copernicus, FMI facilities and the LUMI AI Factory to produce actionable, analysis-ready datasets.
WP2 strengthens Finland’s space economy workforce through inclusive education, training and outreach on space data and AI. It develops new courses, workshops and national networks linking academia, industry and society.
WP3 – Productivity, Entrepreneurship and R&D
WP3 accelerates innovation and New Space entrepreneurship by supporting research-to-market transfer, AI-driven business models and ecosystem collaboration. It identifies venture bottlenecks and promotes scalable, dual-use space applications.
WP4 develops policy, regulatory and investment frameworks for a sustainable Finnish space economy. Its key output is a stakeholder co-created national roadmap aligned with regional needs and global sustainability goals.
WP5 – National Resilience and Preparedness
WP5 protects critical satellite-based services such as satellite navigation, positioning and timing, and Earth Observation by assessing vulnerabilities and developing AI tools for disruption detection and situational awareness. It strengthens continuity and security of essential infrastructure.
WP6 provides long-term foresight on how space technologies and AI shape Finland’s economy, welfare and resilience. Through scenarios and case studies, it delivers future-oriented policy recommendations for the roadmap.
WP7 – Interaction and Dissemination
WP7 ensures broad societal impact through communication, stakeholder engagement and public outreach. It maintains project visibility via events, media, digital platforms and citizen participation.
WP8 ensures effective coordination, governance, integrity and open science practices across SpacEconomy. It manages operations, risk mitigation and high-quality delivery of project results.