D-Orbit, Srl, (Italy, Milan) opened its subsidiary D-Orbit PT in Lisbon on march 21st after having won the Caixa Capital Award for the Consumer Products & Services track of the 3rd edition of Building Global Innovators (BGI), thereby becoming a new indirect portfolio company of Caixa Capital.
D-Orbit develops deorbiting devices to be installed on artificial satellites before launch and is able to bring them back into the atmosphere and destroy them when they stop working, providing a sustainable access to Space.
D-Orbit is the first international startup identified & supported by BGI and Caixa Capital to incorporate in Portugal to develop a relevant part of its business and generate value & create highly qualified jobs. For Stephan Morais Caixa Capital Executive Director, the awarding of the Caixa Capital Award to D-Orbit is a testament to our commitment to demonstrating Portugal’s ability to foster the growth of world class high tech companies and provide an important contribution to the development of the burgeoning European space industry. It shows that Portugal is a competitive and compelling location for innovation, driven by cutting edge companies.