Space - Image Pixabay (BRUSSELS) - The European Investment Fund and the EU Commission announced investment of some EUR 300 million into the European space sector Wednesday, supporting ground-breaking innovation in the industry. The EIF/EC announcement at the European Space Conference was of investment into two space tech focused funds - Orbital Ventures and Primo Space, under the first ever EU-backed equity pilot - the InnovFin Space Equity Pilot. An additional investment expected to be signed by end of Q1 will mark the full deployment of the €100m InnovFin Space Equity Pilot. These agreements are supported by the European Fund for Strategic Investments (EFSI), the central pillar of the Investment Plan for Europe.