Turning space technology into business   ESA’s Technology Transfer Programme Office, ESA Human Spaceflight’s Erasmus Centre and Rotterdam School of Management Erasmus University (RSM) organised together the one-week Community of European Management Schools (CEMS) seminar for business management students to learn about space technology and its exploitation potential. It took place in September 2009 at ESTEC in Noordwijk, the Netherlands. The students had to prepare business plans for a given space technology to be used in non-space fields. In parallel the students were given lectures on entrepreneurship, technology transfer and new venture creation.   CEMS students working at ESA Human Spaceflight’s Erasmus Centre at ESTEC   At the CEMS seminar, the winning team defined a profitable niche market for a space technology in the food process industry. Their business plan would result in a positive cash flow in just 5 years. Release date: 5 January 2010