Did you know that the GNSS and Earth Observation downstream market generated over EUR 200 billion in revenue in 2021? What’s more, this market is expected to hit the half trillion mark over the next decade.
Not only are these some big numbers – they also represent a BIG opportunity for European start-ups, scale-ups, SMEs, entrepreneurs, innovators and investors.
Helping leverage this opportunity is EUSPA.
In addition to our responsibility for the operational management of the EU Space Programme and for ensuring the continuous provision of its services, EUSPA is also charged with supporting the development of innovative European products and applications and a competitive space industry based on Galileo, EGNOS and Copernicus services.
“EUSPA is the go-to hub for businesses seeking information, expertise, and support in integrating EU space technology into their business solutions,” says EUSPA Executive Director Rodrigo da Costa.
To deliver on this mission, EUSPA offers such funding opportunities as the flagship Horizon Europe and Fundamental Elements mechanisms. Then there’s the EUSPA Space Academy, an online training platform open to those looking to learn the ins and outs of building a space application business. EUSPA also supports a wide range of contests and awards, including the #myEUSpce competition and the popular CASSINI Hackathon.
Space for International Development and Humanitarian Aid
The 6th edition of the CASSINI Hackathon is focused on using EU Space to address the global challenges of international development and humanitarian aid. Galileo and Copernicus offer powerful solutions to ensure access to fundamental necessities such as clean water and a secure food supply, while also providing effective assistance during times of crisis.
Now open for registration, the CASSINI Hackathon challenges you to develop innovative concepts and products using European space data and services from Copernicus, Galileo and EGNOS. These novel solutions should support sustainable infrastructure development, strengthen food security and access to clean water, or aid in the forecasting and understanding of forced migration.
The hackathon will take place simultaneously across 11 different locations from 3-5 November 2023, during which participants will gain access to European space data, information and signals, plus other valuable tools. The top ideas will be awarded at both the local and EU levels, with the overall winners earning a six-month mentoring programme that includes 100 hours of customised mentoring.
From market intelligence to business success
In addition to the CASSINI Hackathon, EUSPA also supports space entrepreneurs by providing the in-depth market intelligence they need to thrive. “We are well-known across the industry as a leading source of critical market intelligence, one that is regularly relied upon by policymakers, entrepreneurs and major corporations,” notes Fiammetta Diani, EUSPA Head of Market, Downstream and Innovation.
For example, EUSPA’s EO and GNSS Market Report analyses the latest global trends and developments, while the GNSS User Technology Report covers the development, purchasing and use of GNSS user technology. Other key publications include EU Space for Green Transformation and the GNSS Investment Report.
But EUSPA’s support doesn’t stop with market intelligence, we also help you translate that intelligence into business success. Through mentoring and business matchmaking, we are well-positioned to support start-ups throughout the entire product development process – from finetuning an idea to prototyping and testing it and even getting it ready for commercialisation.
“Whether it's through financial support, mentorship, or providing valuable market insights, EUSPA remains steadfast in its commitment to nurturing innovative entrepreneurs, start-ups, and SMEs harnessing EU Space capabilities to drive Europe's technological advancement and green transformation,” concludes da Costa.
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