Finland backs space tech ICEYE firm with R&D funding

Finland’s business promotion agency has granted research and development funding to satellite and defence technology company ICEYE, the two entities said on Thursday, in what marks another step in European efforts to support the booming sector.

Privately owned ICEYE has grown rapidly in recent years and says its fleet of 48 Synthetic Aperture Radar satellites providing near real-time imaging is now the largest, counting Ukraine, NATO and Japan among its customers.

Government agency, Business Finland, said it has assigned 41.1 million euros ($47.2…