We report on the first realization of magneto-optically cooled atoms in microgravity as a first result of the collaboration project ATKAT (atom catapult). We present the compact and robust setup for cooling and trapping neutral 87Rb atoms in microgravity conditions in the drop tower in BremenFootnote⊥ and discuss the specific requirements the setup has to meet. In particular we present a small size and mechanically stable laser system and discuss the specifics of the ultra high vacuum chamber. A free falling magneto-optical trap (MOT) as realized in this project provides a basis for further experiments which aim at investigating cold quantum matter in microgravity.