Aerospace Valley is a bi-regional competitiveness cluster dedicated to aeronautics, space and embedded systems. Officially recognised by the French national government in 2005 it is today the largest and most mature R&D cluster in France entirely devoted to the aerospace sector. With its main office located in Toulouse, and a local office in Bordeaux, the cluster covers the two geographically adjacent regions Midi-Pyrénées and Aquitaine.
Today Aerospace Valley has 630+ members including amongst others 60 primes and 330 SMEs as well as the major aerospace research establishments and engineering schools. Overall, Aerospace Valley represents 1/3 of the French aerospace workforce totaling to around 160.000 industrial employments in 1.200 industrial establishments. In terms of R&D activities, a total of 8500 researchers and scientists are active on the Aerospace Valley territory; this represents 45% of the total French national R&D potential in the sectors of aeronautics, space and embedded systems.
As of September 2013, Aerospace Valley members have initiated a total of some 680+ Collaborative R&D projects which represents an accumulated budget of 880 M€ (of which 373 M€ are covered by public funding) between industry and research organisations covering most of the scientific and technical areas related to the sectors of aeronautics, space and embedded systems.
In the frame of international cooperation multiple actions and initiatives are conducted: international industrial cooperation, European R&D projects and worldwide scientific exchanges. The enhanced attractiveness of the Aerospace Valley geographical perimeter to foreign investors represents an important activity as it includes inward investment.