Translation. Region: Russian Federal
Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –
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On July 24, the National Center "Russia" hosted the seventh Eurasian Aerospace Congress, a key business event in the aerospace industry. This is an annual industry forum reflecting the unity of economic interests of Russia and international partners in the aerospace sector. This year, the event brought together more than 700 delegates from 20 countries representing various segments of the space ecosystem.
The Department of Multilateral Economic Cooperation and Special Projects of the Ministry of Economic Development of Russia organized two sessions within the framework of the Congress. One of them — "B2B Partnership: Holdings and Private Space Companies" — became a platform for presenting products of private export-oriented space companies of Russia to potential customers and investors.
"We brought together nine space companies with varying degrees of technological maturity, different product lines and their potential partners, including Sber, Russian Railways, Rosatom, Promsvyazbank, VEB.RF, in one room," commented Deputy Director of the Department Evgeniya Drozhashchikh. "Such B2B matchmaking, in our opinion, could become one of the answers to the task of attracting extra-budgetary financing to the industry in the coming years." According to her, despite the fact that up to 70% of the total volume of global investments in space companies comes from venture capital, a more advantageous strategy for companies is to diversify their sources of financing and expand their sales markets, including within the country. "Of course, the value proposition must correspond to the customer's request. And, no less importantly, to national technological priorities," added Evgeniya Drozhashchikh.
The session "International Cooperation in Space Activities and Commercialization of Space Services" was attended by more than 10 speakers from the BRICS countries – Russia, Brazil, India, Indonesia, the UAE and Belarus as a partner country. Representatives of international organizations, the public and private sectors, platforms providing infrastructure for the implementation of space projects, exchanged assessments of promising areas and mechanisms of multilateral cooperation. Particular attention was paid to the role of public-private partnerships in achieving national space goals and the possible appearance of the industry by 2035.
The first deputy chairman of the committee on economic policy of the State Duma of the Federal Assembly of the Russian Federation Denis Kravchenko addressed the participants of the session with a welcoming speech. "Among BRICS and SCO, there are two key member countries with advanced technologies. And a third one, which is catching up with them. Of course, these are Russia, China and India. A number of African countries already have their own space agencies. In this regard, I am sure that there is enough work for everyone," he said.
Among the current areas of cooperation, Denis Kravchenko identified the development of near-earth orbit, including the development of joint multi-satellite constellations and the development of distant space frontiers, taking into account the complementarity of the space potential of the BRICS countries. The participants of the session agreed that space products are becoming an integral part of an effective and competitive economy, and expressed their readiness to continue cooperation in line with the agreements of the leaders of the BRICS countries.
"The declaration following the BRICS summit in Rio de Janeiro this year emphasized the importance of strengthening the exchange of data, experience and best practices in the field of space activities. Our international session became one of the practical steps to build up the mutual potential of the countries of the association. We plan to conduct an audit of what was heard and, together with the speakers, form a set of common conclusions and recommendations for possible consideration on the specialized track," concluded Evgeniya Drozhashchikh.
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