Moving beyond idea conception – right into incubation and development phases of true commercial ventures! This is the aim of the very first European Accelerator programme for Galileo: The E-GNSS Accelerator provides dedicated support for startups using Global Satellite Navigation System (GNSS) for business ideas. It boosts the European Satellite Navigation Competition (ESNC) prize pool with additional EUR 1.28 million over the next three years to the next level! For the first time ever startups from EU as well as EEA and ENP countries can benefit from hands-on advice and expert service powered by the best European space stakeholders to help shape the future of Galileo with their business cases. This unique programme is funded by the European Commission’s DG Grow and organised by AZO.
Valuable Benefits for Space Startups
The brand-new E-GNSS Accelerator offers ESNC participants even more incredible prizes and more dedicated support than ever! This year, the participants of the ESNC await additional prizes worth EUR 0.5 million as well as the first E-GNSS Bootcamp in 2017 (eligible to the top 10 ranked winners).
In order to drive the market uptake of the most promising ideas and the achievement of measurable results even more, the top 10 ESNC winners will get the chance to pitch alongside the joint Awards Ceremony of the ESNC and Copernicus Masters on 7 November 2017 in Tallinn, Estonia in front of a high-ranking expert panel. The top three pitching startups per year will get access to dedicated incubation programmes at their preferred incubation centre of the ESNC network all across Europe. The three incubations are valued at EUR 62,000.
Uniqueness of the E-GNSS Accelerator
This innovative programme provides a customised co-financing scheme for up to 30 Regional Prizes of the ESNC per year. Participants in the partner regions will highly benefit from the programme through the tremendously increased ESNC prize pool.
The E-GNSS Accelerator runs for three years and will directly support the winners of the ESNC 2017, 2018 and 2019. It supports entrepreneurs and startups from EU28, the EEA and ENP countries to move beyond the initial idea and provide tailored business incubation, in order to ultimately push economic growth for Europe. This initiative creates numerous benefits for ESNC participants taking their business ideas to a whole new level.
E-GNSS Accelerator Objectives
The Accelerator programme’s ultimate goal is to foster the Galileo market uptake of high technologies in Europe on a broader scale, while highlighting the great importance of the regional dimension. The principle objective is to co-finance the operation of a prize awarding mechanism and incubation/acceleration support for innovative applications based on Galileo/EGNOS. At the dawn of Galileo, this project accompanies entrepreneurs and startups all along the value chain to implement the EU space strategy.
About the European Satellite Navigation Competition (ESNC)
The ESNC’s annual search for new services, products, and business innovations is designed to encourage the use of satellite navigation in everyday life. Over the past 14 years, it has evolved into the leading innovation competition comprising most relevant European GNSS stakeholders, partner regions worldwide and the largest space-related incubation network. The ESNC’s newest feature is Europe’s largest E-GNSS Accelerator initiated by the European Commission, a follow up project of GEPAS that supported ESNC winners from 2011 until 2015. Sign up now until 30 June 2017 at http://www.esnc.eu/. Win valuable cash prizes and in kind Services.