OUR COMPANIES
Here you will find some of our current portfolio companies. Each of our great companies has been selected into our program through careful tender evaluation. As part of their application, they have presented to ESA a space-related incubation project. ESA and Business Finland fund these projects jointly. The average incubation project duration is 1 year at the end of which a successful company will graduate from ESA BIC Finland as an alumnus. For some of our companies, the space industry represents a new business area, or an opportunity to better serve and address their existing markets utilizing space assets or to find new customer segments.
Nordic Nano develops and commercialises cutting-edge solar energy harvesting and energy storage solutions by applying nanomaterials technologies and advanced screen printing. Theri solutions significantly enhance solar energy utilisation and electrical conductivity, bringing to market products that efficiently harvest energy even from scattered and low-intensity light. Their products are nontoxic, lightweight, durable, mouldable, nonexplosive & fire-safe, and free from rare earth metals.
They joined ESA BIC Finland June 2025
Website: https://www.nordicnano.co/
MoniCardi brings medical-grade heart health monitoring to everyday wearables through advanced biosignal analytics. Our patented algorithms enable overall cardiac risk assessment, early detection of heart failure, and cardiac load analysis during exercise. These capabilities work seamlessly across consumer and professional devices, requiring only heart rate data.
By joining ESA BIC Finland in June 2025, MoniCardi leverages space technologies and signal processing methods to enhance cardiac diagnostics in both daily life and extreme conditions, from elite sports to aerospace health applications.
Website: https://www.monicardi.com/
SemiQon manufactures CMOS chips for next-generation electronics operating in extreme low-temperature environments, such as space. Our ultra-low-power solutions enable efficient control and signal processing at cryogenic temperatures, reducing system complexity and power consumption. Using standard CMOS chip manufacturing processes, we deliver scalable, cost-effective solutions for a wide range of applications. While SemiQon’s core focus is next-generation quantum processors based on cryo-CMOS, we also recognize its broader potential across industries.
They joined ESA BIC Finland June 2025
Website: https://www.semiqon.tech/
Aavuus: Navigate space safely with space debris intelligence
Aavuus is a spin-off from Finnish Geospatial Research Institute focusing on solving the global space debris challenge by creating a novel approach for space debris detection and tracking. The approach will allow a scalable way to produce vast amounts of high quality and rich characterization data on space debris that can be turned into highly valuable situational awareness service for space infrastructure operators.
Website: https://aavuus.com
ColdXray, a deep tech startup based in Joensuu that has developed a revolutionary X-ray source for imaging industry.
They joined ESA BIC Finland on November 2024.
Website: coldxray.com
SHARPNAV delivers precise 3-meter satellite positioning accuracy in GPS-jammed conditions, with the potential to achieve centimeter-level accuracy using LEO satellites soon.
Increased spoofing and jamming of GNSS signals pose a serious threat to national security and key global infrastructure. These activities can disrupt critical services such as navigation, communication, and timing, which are essential for various sectors.
Website: sharpnav.com
Check out their introduction video HERE.
Oinride: Revolutionizing Mining with Space-Powered Robotic Solutions
Oinride is revolutionizing open-pit mining with advanced robotic solutions powered by space technologies. Our flagship robot, AutoJoe®, uses ESA’s Galileo Satellite network to navigate hazardous environments with decimeter-level accuracy, ensuring safer, more efficient, and sustainable operations.
By joining ESA BIC Finland in November 2024, Oinride aims to accelerate the adoption of space-powered innovations in open-pit mining, enhancing precision and reliability for smarter, more sustainable mining practices.
Website: oinride.com
Check out their introduction video HERE.
KOKO Forest creates novel insights into forest ecosystems using state-of-the-art satellite technologies, artificial intelligence and cross-disciplinary ecological knowhow.
We provide unique science-based solutions that provide near real-time information on forest ecosystems enabling sustainable management of forests in any part of the world.
We bring the intelligence to Earth observation data and combine it with profound understanding of ecosystems and plant functions for improved forest-related decision-making in the society. We aim to be the global leader in satellite-based forest analytics and services.
Website: kokoforest.com
Check out their introduction video HERE.
Finnish owned company offering secure and flexible Ground Station as a Service (GSaaS)
They joined ESA BIC Finland in November 2024.
Website: northbase.com
Check out their introduction video HERE.
