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Ireland launches space incubator

Enterprise Ireland and the European Space Agency (ESA) have agreed to set up a space business incubator to help support small firms and start-ups.

The participants have agreed to support 25 Irish start-ups in space-related technology by 2020, according to a statement issued by the government agency on 6 January.

Ireland already has about 45 companies working with ESA and the number is on the rise, Enterprise Ireland said in a statement. Annual income for these companies is €76m and they employ about 600 people.

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