Embracing international best practices will help drive commercial growth, and solidify Canada’s standing as a leader in space and innovation
Montreal, Canada [May, 2025] – Novaspace’s latest white paper in partnership with Space Canada, “Enabling Commercialization of Space in Canada”, finds substantial opportunity to maximize Canada’s space commercialization potential with the right government support.
The global space industry is undergoing a major transformation, rapidly shifting towards increased commercialization and private sector involvement. This development has opened the door for companies to now position themselves as key partners in driving the future of the space market. Despite Canada’s strengths in innovation and industry development, effective growth here will require strategic restructuring of government support mechanisms.
Novaspace’s white paper, in collaboration with Space Canada, examines and assesses novel approaches to facilitate commercialization opportunities in space in Canada. It highlights best practices adopted by international players, illustrating the impact these measures have on space industry development. Brian Gallant, CEO of Space Canada notes “Numerous countries around the world are seeking to collaborate with their respective space industries to seize the economic opportunities stemming from the growing global space sector. Canada needs to do the same. The Novaspace report provides thoughtful ideas on how to create and invest in programs and policies that will enable the Canadian space sector to help strengthen the Canadian economy.”
New models of commercialization are emerging where commercial organizations build, own, and operate their assets. This has allowed both government and other entities to position themselves as customers, not owners- speeding up access to innovation. Novaspace notes that strategically developed procurement programs are essential to such success, allowing industry to fully nurture early-stage technology development through to commercial scaling and launch.
The white paper highlights that these procurement programs can support Canadian companies to overcome the country’s current commercialization roadblocks. Aligning with Canada’s unique expertise and goals of fostering a vibrant and sustainable space sector, the adoption of global best practices regarding such programs will drive commercial growth and solidify Canada’s leadership in the global space industry.
“We are proud to collaborate with Space Canada on this pivotal Whitepaper exploring how Canada can optimize its support for the country’s commercial space sector,” said Maria Lily Shaw, Senior consultant at Novaspace and lead author of the study. “By drawing from international best practices, this study offers actionable insights to guide policy and investment decisions. It underscores the critical role of the commercial space industry in achieving Canada’s broader space ambitions and shaping a globally competitive national space strategy.”
About the White paper
Novaspace’s “Enabling Commercialization of Space in Canada” provides a crucial assessment of the best practices to facilitating the commercialization of Space in Canada. As spacefaring nations move to stimulate and integrate commercial sector activity, Canada must act to secure its place as a global space industry leader and innovator. This white paper explores how to learn from those best practices to complement and support Canada to reach its potential.
About Novaspace
Novaspace is a global leader in space consulting and market intelligence, formed through the merger of Euroconsult and SpaceTec Partners. This strategic move combines the distinctive strengths of both entities to significantly amplify our international presence and service capabilities. With over 40-year legacy of expertise in guiding public and private entities in strategic decision-making, Novaspace offers end-to-end consulting services, from project strategy definition to implementation, providing data-led perspectives on critical issues. Novaspace presents an expanded portfolio of services, featuring combined expertise in management and technology consulting, top-tier executive summits, and market intelligence. Trusted by 1,200 clients in over 60 countries, with offices strategically located in Brussels, London, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, Toulouse, and Washington D.C.