Monaco has seen significant success in this area thanks to Orbital Solutions Monaco (OSM). As one of only two space companies in the principality, and the only one involved in the NewSpace sector, the firm launched Monaco’s first nanosatellite just one year after starting its activity in 2020. OSM has also pioneered an innovative scheme designed to help companies to accelerate the deployment of their fleet of small satellites for commercial applications without any upfront costs. OSM focuses on the application of miniature satellite technologies to the environment, climate and education, and also has an important pipeline of innovative commercial projects that it intends to develop. Its aim is to act as a technology aggregator to solve complex on-earth problems through simple outer space solutions. Bringing this expertise to Monaco represents a major step in the right direction for the principality.