GATE Space Wins €6.3 Million from the European Commission
- Karan Bhatia
- Jun 28
- 2 min read
GATE Space, the Austrian space company, led by Moritz Novak, Fabian Duschel, and the team, has won €6.3 million in funding through the European Commission’s EIC Accelerator program. The financing consists of a combination of research and development grants and equity investment implemented by the European Investment Bank (EIB) and is considered one of Europe’s most competitive technology funding instruments.
Funding Utilization.
GATE Space was the only company from the space, aerospace, and defense sectors selected in the European Commission's latest funding round. The capital will be used to industrialize the company's patented technology, expand production capacity, and accelerate international growth. CEO and Co-Founder Moritz Novak said the funding validates GATE Space's technology and vision while strengthening its position in the space mobility and infrastructure market.
About the EIC Accelerator.
The EIC Accelerator is the European Innovation Council's flagship funding program for deep-tech startups, supporting companies with validated technologies and strong commercialization potential. The highly competitive program combines grant funding with equity investment and follows a rigorous selection process that includes technical, commercial, and financial evaluations, concluding with a final pitch before an international panel of experts.
Advanced Chemical Propulsion Systems.
GATE Space develops advanced chemical propulsion systems that enable satellites to perform agile orbit transfers, collision avoidance, precision docking, and controlled deorbiting, improving mission performance, safety, and operational lifespan. The company has secured multiple contracts with the European Space Agency (ESA), including participation in the ASTRAL mission, where its propulsion technology will support autonomous docking and in-orbit propellant transfer between satellites. GATE Space is also leading the development of BEACONSAT, Austria's first military satellite, designed to detect and analyze GPS and Galileo signal interference from orbit.
