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THE INCUBATOR AND OUR SERVICES

The ESA Business Incubation Centres (ESA BICs) are the largest network of space incubators in Europe. The main objective of ESA BICs is to support entrepreneurs with a space based business idea, thereby creating and growing clusters of space related start-ups across Europe.

All ESA BIC are managed by local champions who connect their ESA BICs to their local industry, universities, research organisations, government, and investor communities, while also maintaining strong regional/national links. This makes the ESA BICs very well embedded in the local communities as well as the place of choice for all space related innovation and business.

Tapping into this excellence provides rich opportunities to get your product or service market ready and off the ground, and for finding new business partners. Together we create the future of space.

This European-wide network fosters annually the creation of more than 150 start-ups across Europe. To date ESA BICs have helped starting about 900 companies, of which about 700 have finished incubation. The ESA BIC alumni contribute to an ever larger part of the space economy, attracting funding that in total exceeds what many European countries invest in Space.

The Greek Ministry of Digital Governance has identified the creation of ESA BIC Greece as a key element in the development plan of the Greek Space Industry. The objective of the ESA BIC Greece is to strengthen the community of successful space-related start-ups in Greece by supporting 25 incubatees over the period of 7 years under the ESA BIC scheme so that they can develop their business and their technology until they are ready to leave the incubation phase and continue operating and growing without support from the incubator.

Corallia, a unit of the Research Center Athena, is tasked with implementing the ESA BIC Greece. This will be accomplished in collaboration with more than 65 supporting organisations. Those supporters are Ministries and Public Agencies, Universities, Research Centres, Large companies and SMEs, Financing Institutions, Associations and Networks, other ESA BICs and Civil Society NFPs in Greece and ESA Members.

Incubation will take place at Corallia’s facilities at Kifissias Ave. 44, 15125 Maroussi, Attica, Greece. It involves the fully equipped Innovation Hub of Athens (innohub).

The innohub is a reference point for the development of entrepreneurship in Greece. The facilities have fully operational infrastructures since 2007.

ESA BIC Greece provides an extensive package of services focused on technical, business, legal, financial, and networking support. This services include:

  • Access to high-end infrastructure, equipment and resources, specific expertise, HW labs, manufacturing facility, clean rooms, quality control facilities, electronics facilities, services in mechanical analysis, ASIC design services, EGSE infrastructure and testbeds, etc. as well as to software platforms infrastructure, open-source solutions, software packages and licenses, satellite imagery products, photogrammetry infrastructure, etc. and high-speed connectivity and cloud services from free to preferential price
  • A least 80 hours of technical support
  • At least 50 hours of business development support
  • At least 10 hours of IPR/legal advice
  • Entrepreneurial training in the form of a bootcamp and customised workshops.
  • Access on favourable terms to office space and shared facilities at the Innovation Hub of Athens
  • Support of the most experienced Incubator Team in Greece that has supported successfully more than 300 startups
  • EUR 50,000 in cash incentives (non-equity funding)
  • Access to financial instruments targeted to startups
  • Right of use of the ESA BIC brand
  • Access to the international network of ESA, the ESA Space Solutions Network and the ESA Space Solutions Alliance.
  • Access to extensive Network of Corallia, si-Cluster Members and ESA BIC support partners

ESA BIC Greece has a broad network of partners who help to support the initiative. Find out more here: https://www.esa-bic.gr/supporting-partners/

ESA BIC Greece will support 25 start-ups in 7 years (2021-2027); each start-up will receive incubation services for a maximum of 2 years.

The incubation period can last up to 2 years. Incubation is organized around 8 sprints with specific milestones to achieve per start-up.

No, It is up to the start-up to propose the length of the incubation required. This can range from 12 to 24 months.

Please address any questions related to this program to info@esa-bic.gr or explore our website www.esa-bic.gr and the social media (LinkedIn, Facebook, Twitter, Instagram, YouTube).

APPLICATION AND EVALUATION

  • Downstream application of space technology in other fields
    • Earth Observation
    • Satellite Navigation
    • Satellite Communications
  • Upstream / NewSpace
    • exploiting new technology in the space domain
    • supplying the space sector
  • Technology transfer from space
    • Hardware or software
    • Knowledge or IPR
  • Must be central to the business and show a high degree of innovation

Legal entities established in Greece (not older than five years), and natural persons, who are resident with a working permit within Greece can submit proposals.

Natural persons are required to demonstrate that, at the time of submission of their proposal to the Open Call, the process of establishment and registration of a legal entity has been initiated. Additionally, if a legal entity has not been established/registered yet, the applicant shall provide the envisaged organisational structure, the desired legal status and share ownership, if applicable, of the company. Non-compliance with such requirements will lead to the proposal being ruled non-admissible. A Contract with an applicant can only be signed when the registration of the corresponding legal entity has been completed and, said legal entity acquires full legal capacity.

The application (corresponding product/service) needs to have a valid space connection. In general terms, this means that the Applicant’s product or service is based on a transfer of space technology to, and/or utilisation of a space system in a non-space environment (spin-off), or exploitation of non-space technology in the space market (spin-in). In case of doubt, please contact the ESA BIC for further guidance.

Applicants need to run their start-up at their own risk. In practice, this means that more than half of the shares must be owned by the entrepreneur(s) that apply to ESA BIC Greece.

No, you do not need to register your company before the evaluation meeting. You will, however, need to do so in Greece before signing the incubation contract. During the proposal submission, the applicant shall provide the envisaged organisational structure, the desired legal status and share ownership, if applicable, of the company.

 Yes, you can find all relevant information regarding the application documents and process here: https://www.esa-bic.gr/apply/

Applicants are required to closely follow the instructions provided in the Open Call Package when producing and submitting their proposal and follow the information channels of the ESA BIC Greece. The proposal consists of a Cover Letter, an Incubation Proposal, and a Business Plan (templates with further instructions are provided in the Open Call Package).

Only those Applicants that fulfil all formal requirements, as listed in the Requirements Checklist of the Cover Letter Template, will be accepted for evaluation.

Applicants should carefully read the contractual documentation in the Draft Incubation Contract. The application shall include a clear, explicit and unambiguous statement whereby the Applicant has read, understood and accepts the terms and conditions contained in the contractual documentation. In case, exceptionally, that the Applicant wishes to propose modifications or amendments, the full text of such modifications or amendments shall be given and the rea-sons for their being requested be clearly explained as part of the proposal.

The evaluation of all received applications is managed locally by ESA BIC Greece and follows common ESA BIC procedures.

Once a published submission deadline has passed, ESA BIC Greece first assesses the formal aspects of applications received before the submission deadline. If a non-compliance of a mi-nor nature is found, the applicant may be asked to address this in an updated proposal within 48 hours. If the proposal is found non-admissible, the applicant will be informed, and the rea-son will be explained. In such a case, an applicant is eligible to submit a revised proposal at a later date.

If the application is compliant with the formal requirements, applicants will be invited to hold a presentation to the ESA BIC Greece TEB. The evaluation will typically take place a few weeks after the submission deadline. The TEB consists of representatives of ESA BIC Greece, ESA, and Ministry of Digital Governance, and, depending on the nature of the application, other ex-perts. There will also be an opportunity for the evaluation board to ask questions to the appli-cants.

The application and the presentation will be marked against criteria, taking weighting factors into account (see below).

All applicants will be notified in writing about the outcome of the evaluation. The applicant may require, within 10 calendar days from the receipt of the notification, an oral debriefing explain-ing the reason why the application was successful or not.

ESA BIC Greece will enter into contract negotiations with successful applicants, taking the comments of the evaluation board into account. ESA BIC Greece has the right not to place a contract if, three months after the notification to a successful applicant, no contract still has been signed, and this is because of a reason for which the applicant can be held accountable.

Additionally, ESA BIC Greece has the right not to place a contract in case the (intended) legal entity presented in the application is different from the actual established and registered legal entity.

The period between receipt of a proposal and contract placement is less than 6 months.

The evaluation criteria are the following:

  • Formal Aspects (ON/OFF)
  • Background & Experience (25%)
  • Technology/Service (20%)
  • Value proposition (20%)
  • Business Modelling and Risk (15%)
  • Activity Proposal (20%)

The evaluation criteria and their description are provided in full detail in the Open Call Package.

  • Fill out the form.
  • The ESA BIC Greece will provide feedback and advice related to the next stages accordingly.

This is a permanent Open Call (expected to close in 2025), but some deadlines apply: there are 1-2 Tender Evaluation Board sessions per year and your proposal, once submitted, will be included in the next TEB session due. See the News  section   in our website  for TEB session dates.

• The TOB consists of ESA and Corallia representatives and has to ensure that applications fulfil the formal criteria set out in the TEB Manual.
• The TEB consists of the ESA and Corallia representatives, experts and other stakeholders and carries out the evaluation of the applications.
• Every applicant presents the content of the proposal in person to the TEB to allow the TEB to raise clarification points in a questions and answers session.
• When the evaluation is performed, the results will be communicated to the applicant within a few weeks.
• Tenderers require a minimum overall weighted mark of 60 to be selected for contract negotiation.

The evaluation process takes about two months from the application deadline to the start of your incubation.

Yes. In fact, we usually encourage you to re-apply actively if you have the potential to become an ESA BIC Greece start-up in the future.

FINANCIAL INCENTIVE

The cash contribution (incentive budget) to the Incubatee in ESA BIC Greece is considered as payment for procurement according to the conditions set out in the incubation contracts signed between Corallia and the selected Incubatees. It should be corresponding to eligible expenses and shall be paid in the following manner:

– €20,000 (Twenty Thousand EURO) – upon signature of the Incubation Con-tract and, if applicable, proof of IPR access/license;
– €20,000 (Twenty Thousand EURO) – upon successful Mid Term Review and delivery of all related deliverables;
– €10,000 (Ten Thousand EURO) – upon successful Final Review and delivery of all deliverables, including the Incubatee’s fulfilment of all other obligations under the Incubation Contract.

The incentive budget shall be used by the incubatee to outsource tasks in the frame of IP or/and prototype (or breadboard or demonstration or product, etc.) or development or/and business development (e.g., market studies, internationalisation and scalability activities, due diligence, etc.).

No, ESA does not take any equity in the incubated company.

STARTUP WITH A STRONG PARTNER

The team at ESA BIC Greece is here to support you and your team to be successful.