The European Space Agency (ESA) is a key actor in the New Space sector. Its purpose is to provide for and promote cooperation among European States in space research and technology and their space applications. ESA invests in young companies adapting space technology and satellite services for use on Earth through its 18 business incubators located in 16 European countries. Since 2006 it has invested over 30 million Euro to create new businesses and growth in Europe. The centres are a driver for entrepreneurship and the creation of new businesses, positioning Europe at the forefront of innovation.