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ESA’s Business Incubation Center has a new program to support up to 12 national startups

The Business Space Incubation Center of the European Space Agency (ESA BIC) in Portugal has a new program to support up to 12 national startups per year, with an allocated amount of 50 thousand euros as a financial incentive, in a total budget of 600 thousand euros.

The program is aimed at startups with business projects that are based on space industry technologies and data. In addition to financial support, companies will have access to technical and business support.

Its incubation network thus intends to continue to grow, having grown from 3 to 15 incubators spread across the national territory, including the Azores archipelago, which has three incubators (S. Miguel, Santa Maria and Terceira Island) and Madeira with one in Funchal.

The 15 organizations will work together on local subnets, in what is an essential step in the objective of expanding the Portuguese presence in the space sector, in terrestrial applications, in areas such as health, energy, transport, security and urban life. Companies wishing to enter the commercial space market are also welcome.

The companies that are selected can choose the incubators to develop their work: IPN Incubadora (Coimbra); NONAGON, TERINOV and Incuba + (S. Miguel, Santa Maria and Terceira Island, Azores); PACT (Évora); PARKUrbis and UBImedical (Covilhã); SANJOTEC (São João da Madeira); Startup Braga; Startup Lisboa; Startup Madeira (Funchal); UA Incubator (Aveiro); UALG TEC START (Faro); UPTEC (Porto) and CEiiA (Matosinhos).

In the last five years, when there were only three hubs, 30 companies were incubated, with more than 100 new jobs created, corresponding to a total turnover of five million euros.

Examples given as Stratio that applied space sector technology to heavy vehicles to predict and anticipate the occurrence of wear and serious damage; Theia, which created an application to monitor the state of road infrastructures using satellite data; and Tesselo, which used satellite images to monitor the status of agricultural crops, forests and forests.

Undersee already has equipment that turns any boat into a marine environmental monitoring satellite.

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