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Luxembourg Business Angel Network Establishes The Space Angel Group

LBAN is launching its own private investors group to support the government´s Space Resource Initiative.

Marc Molitor, chairman of the Luxembourg Business Angel Network (LBAN), is saying that this is a natural response from LBAN in order to support the government´s Space Resource Initiative and the heightened focus on developing a viable space industry within the borders of the Grand Duchy and beyond.

LBAN´s Space Angel group will be organized as a subgroup of LBAN. Its main objectives will to be to bring together interested individual investors into the space industry and stimulate & support Luxembourg´s position as a space nation. To join the group, being a LBAN member will not be a pre-requisite.

With this initiative, Marc Molitor states that LBAN clearly emphasises its role as an active and important force to support the development of Luxembourg-based businesses. The space industry has a potential for global reach.

The Luxembourg Space Angels will start their first meeting in September. The group will be co-chaired by two LBAN members, Fabrice Testa and Tor Fyksen, whom both are active space angels. The group will use the Meetup platform as its main communication and meeting format. Those interested in joining the Luxembourg Space Angels can contact one of the co-chairs or follow future announcements via “Luxembourg Space Angels” Meetup group.

LBAN, the Luxembourg Business Angel Network, is a non profit association unlocking the potential of private investors in Luxembourg. LBAN’s mission is to give the appropriate tools to private investors in order to be more comfortable in doing investments. To date, LBAN counts nearly 60 Luxembourg-based members.

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