EU backs rocket innovation with €5m prize, €20m grant unveiled

EU backs rocket innovation with €5m prize, €20m grant unveiled
Credit: Unsplash.com

Five innovations for European rocket and launch technology have each received €950,000 under an EU-backed prize.

The prize was announced at the 18th European Space Conference in Brussels on Tuesday, according to a statement from EU Commissioner for Defence Andrius Kubilius.

The winners were awarded the “Prize for Game-Changing Innovation for European Launch Solutions” during a ceremony attended by Kubilius and MEP Christophe Grudler, the European Commission reported.

A total of five projects were selected, with the overall funding pot set at €5 million from the European Parliament.

The Commission said the prize focuses on “access to space” — the ability to launch satellites and other payloads into orbit — which it described as a core element of the EU’s space policy.

New €20 million grant due to launch in 2026

A further EU grant worth €20 million will open in 2026, Kubilius announced during the ceremony.

The Commission did not provide further details on eligibility, timelines, or the specific technologies to be supported in its statement.


Copyright © 2026 The Brussels Times. All Rights Reserved.