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APPLY TO ESA BIC FINLAND AND SPIN YOUR BUSINESS TO NEW HEIGHTS!

WELCOME TO ESA BIC FINLAND

Thank you for your interest to apply to ESA BIC Finland, and welcome! You can apply and incubate your idea with us, at any time, if you use positioning, satellite maps/images or other space assets in your products, or have invented new hardware or software that could be useful for the space industry.

ELIGIBILITY CRITERIA

First, it’s important that you meet both the following criteria to be eligible to apply for ESA BIC Finland:

Your startup is less than 5 years old

Your startup is or will be a registered business in Finland

Are you a non-EU team?
You can apply for a Finnish startup visa.

THREE STEPS TO APPLY TO ESA BIC FINLAND

If you are eligible to apply, please read and follow the below steps (01,02,03), to apply to ESA BIC Finland. If needed, you can contact us for further information.

*** You have to apply for the local part of the incentive from Business Finland (step 2) before sending the application to ESA BIC Finland (step 3) after you have indentified your space connection (step 1). ***

01 IDENTIFY YOUR SPACE CONNECTION

Please identity your own space connection out of the following three types: 1) An upstream space connection; 2) A downstream space connection; or 3) A technology transfer. For more detailed information about the three types, download and read the document below.

Upstream

Your idea exploits or introduces new technology in the space domain, or you intend to be active as a supplier to the space sector, in one of the following areas (including systems, sub-systems, components, and services):

  • Launchers
  • Satellites
  • Ground systems
  • Human spaceflights

Downstream

Your idea is about utilising space systems or exploiting space technology in a non-space domain (e.g. on Earth) in one of the following areas:

  • Satellite Navigation
  • Earth Observation
  • Satellite Communication

Technology transfer

Visit ESA Space Solutions and ESA IP for commercialization websites and search for technology you can use. Access to EO data here. Examples include:

  • Hardware
  • Software or Firmware
  • Knowledge, processes
  • Intellectual Property Rights (IPR)

Still unsure about your space connection?
Please download the full documentation to learn more.

02 APPLY SIMULTANEOUSLY FOR FUNDING DECISION TO BUSINESS FINLAND

Business Finland has online application process for Finnish ESA BIC companies. 

Instructions are as follows:

Submit the funding application to Business Finland via it’s online service Online   services – Business Finland. Funding service’s name is ”Accelerators and preparations for international projects”. On the page “Basic information for application” is a list of ”Programmes and other connections”, from which select  ”ESA BIC”.

If you’ve confirmed your space connection by checking our criteria in step one (01), you can now move onto step two (02): Apply for funding decision to Business Finland.

Business Finland is our co-funding partner. The typical (maximum) funding available to ESA BIC Finland companies during incubation is 90.000 EUR consisting of:

– 60.000 EUR from Business Finland (if the company applies and receives positive decision for their funding application)
– 30.000 EUR from ESA BIC Finland via European Space Agency Scale-up program

If Business Finland’s funding is utilized the company must follow Business Finland’s funding terms and conditions related to the funding instrument used.

ESA BIC Finland funding (30.000 EUR) must be used according to incubation contract.

ESA BIC Finland can’t incubate a startup if co-funding is not granted. It does not necessarily need to be from Business Finland, but usually is. 

03 FILL IN THE APPLICATION WITH ESA BIC FINLAND

Please carefully download and review all ESA BIC Finland application documents below as part of step three (03).

Mandatory documents to submit the application are:

  • Cover Letter and Requirement Checklist
  • Business Plan
  • Incubation Proposal
  • The applicant(s) shall provide a copy of an official identity document (passport or similar) with this application for each person signing the application. If applicable, a copy of relevant working permits and VISAs shall also be provided.

    The latest Application Templates can be downloaded by applying. Go to the end of this page to download.

Submit your application documents to esabicfinland@aalto.fi

If you have any questions, you are welcome to contact us.

Kaisa Ahonen
Project Manager ESA BIC Finland
Aalto University, Aalto Startup Center
kaisa.ahonen@aalto.fi
(+358) 50 350 3573

ESA BIC Finland, Vaasa Site
Philipp Holtkamp
(+358) 29 449 8585
philipp.holtkamp@uwasa.fi

ESA BIC Finland, Tampere Site
Tapio Siik
(+358) 40 568 1483
tapio.siik@businesstampere.com

ESA BIC Finland, Turku Site
Timo Huttunen
(+358) 40 719 2335
timo.huttunen@businessturku.fi

Anne Rinne
Project Coordinator ESA BIC Finland
Aalto University, Aalto Startup Center
anne.rinne@aalto.fi
(+358) 50 479 7151

ESA BIC Finland selections panel takes place approximately one month after each ESA BIC Finland application deadline.

Ready to fill in the application with ESA BIC Finland?
The application files will be sent directly to your email inbox.

Consent*
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The incubation lasts up to 24 months.

In our everyday life, the use of space technologies has become so commonplace that we barely notice their presence: satellite TV, cordless tools, smoke detectors and many more. Several national space agencies as well as ESA develop and support the development of many technologies, systems, data sets, methods, patents, etc. Like the examples mentioned before, all these assets contain enormous “reuse” potential, which is accessible to you, as an entrepreneur, researcher, student or company. Space is the starting point for generating your business idea or providing the innovative edge your company is searching for! See the links below for some inspiration:

Yes, you can send us an application even prior to incorporation. However, Business Finland cannot make a funding decision before you have incorporated your company. 

In such cases, the applications to ESA BIC Finland are conditional and depending on actual incorporation and a positive funding decision from Business Finland. 

*More information in Business Finland website.

No. We do not take any equity in your company. But we will request some reporting from you.