New funding for businesses utilising innovative space technology

The European Space Agency’s Space Solutions has offered funding to businesses who are using innovative space technologies.

The European Space Agency’s Space Solutions (ESA BA) aims to offer essential funding to businesses utilising innovative space technology and having already invested €200m in over 500 businesses, they’re on the lookout for their next collaboration.

Business that use space technologies to transform life on Earth have been encouraged to apply for the ESA BA programme.

How to apply for funding

There are two ways to get involved in this programme: either businesses can submit their ideas on any topic at any time, or they can respond to ESA BA’s call for businesses working on specific themes.

ESA BA are specifically looking to invest in businesses using human spaceflight technology, satellite communication and navigation, Earth observation and space weather.

Chosen businesses will then receive zero-equity funding of 60,000 to 2 million euros per activity, an ESA consultant, technical and commercial guidance, access to a network of partners and credibility from the ESA brand.

What can businesses expect to receive?

Successful applicants of the ESA BA programme can expect to receive:

  • Zero-equity funding (from €60k to €2M+ per activity),
  • A personalised ESA consultant,
  • Technical & commercial guidance,
  • Access to our network of partners,
  • Credibility of the ESA brand.

Previous Projects

ESA BA recently provided funding for the tsunami verification technology OneWave. This innovative technology merges the measurement of tsunamis visible from space with the existing tsunami warning system in order to verify the threat. Near real-time satellite technology then enables local authorities to alert the population.

Another project provided with funding is IFTraining which provides employees with virtual reality training technology. This project uses space technology to bring this training to remote locations where it is difficult to find skilled staff that can correctly train new employees.

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