Scottish space companies are driving new partnerships with Denmark’s finance sector, leveraging satellite data to enhance ESG reporting, strengthen cybersecurity, and validate investment decisions. This aligns with Denmark’s new national space strategy, announced in December 2024, which focuses on enhancing international partnerships.
Scottish Enterprise is leading a new project in partnership with Glasgow City Innovation District and Copenhagen Fintech, which aims to demonstrate the pivotal role Scottish space companies could play in supporting the Danish financial sector. After discussions with key industry trade organisations, an open, in-person networking event will take place at the British Embassy in Copenhagen on 18 March.
This builds on momentum from the Space Scotland Nordics Summit 2024, hosted in Copenhagen by the Embassy of the United Kingdom in Denmark, Space Scotland, as well as the Glasgow City Innovation District (GCID) Venture Studio Challenge.
The GCID Venture Studio Challenge Pillar, a long-term initiative, is accelerating the growth of high-potential companies leveraging space data and satellite technology, fostering cross-sector innovation that aligns with the needs of industries such as finance.
The event will showcase how Scottish companies are helping underpin 18% of the UK’s annual GDP, taking their capabilities and expertise to support forward-thinking Danish financial services securely and sustainability, driving innovation.
Julie Morrison, Global Head of Trade at Scottish Development International, said: “Ambitious Scottish companies are at the forefront of the development of space data applications. The Challenge Pillar Call was an important step in highlighting how that data can be used commercially across a range of sectors domestically. We’re confident that this event will demonstrate how groundbreaking space data applications developed in Scotland can be used by commercial partners internationally, specifically in financial services, opening up exciting new export opportunities.”
Alisdair Gunn, Director, Glasgow City Innovation District commented “We had a great response and outcomes from the GCID Venture Studio Challenge Pillar space programme. We're delighted to be partnering with Scottish Enterprise to take space companies to Denmark and put Glasgow's thriving space industry on the map.”
Thomas Krogh Jensen, CEO of Copenhagen FinTech added "This project unites Scotland’s pioneering satellite data companies with Denmark’s leading financial, investment, and ESG sectors to explore how satellite-driven insights can revolutionise sustainable finance. By bridging these innovative ecosystems, we aim to harness space technology for smarter investments, enhanced ESG reporting, and a more data-driven approach to global sustainability challenges."