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Who can apply

Cyprus-based teams

Startups and SMEs legally established in areas controlled by the Republic of Cyprus
Individual entrepreneurs or teams aiming to create a startup in the space sector

Newly established companies or teams

Applicants must be newly established businesses or companies registered within the last 5 years.

Demonstrates relevance to the space industry

Your solution should have a clear connection to upstream or downstream space application and therefore can create and/or utilized space-based technologies, data, or applications in innovative ways.

Viable business case

Applicants must present a feasible business case with market potential.

Benefits

from SPACE BIC

What We Offer to the Selected Startups according to the needs of each start up, depending on the prototype stage and team maturity.

Non-Equity Financial Support
Dedicated Workspace
Infrastructure & Equipment Access
Technological Support
Expert Mentoring
Market Access
Networking Opportunities
Access to Funding Opportunities
Open Innovation Collaboration
R&D and Innovation Project Support

Non-Equity Financial Support

Each selected startup will receive EUR 50,000 in non-equity funding, granted under the De Minimis Regulation.

Dedicated Workspace

Startups will be housed in suitable premises within our Incubator facilities.

Infrastructure & Equipment Access

Gain access to state-of-the-art infrastructure, including:

Equipment and tools for prototyping and small-scale production
Services from innovation centres and prototyping companies
Industrial-grade production facilities

Technological Support

Leverage cutting-edge resources from Research and Technology Organizations (RTOs) and partner universities through their facility labs

Expert Mentoring

Benefit from hands-on guidance by the Incubator’s expert team and an established mentor network.

Market Access

Open doors to both local and international markets, tailored to your growth stage and sector.

Networking Opportunities

Connect with fellow entrepreneurs, industry leaders, corporate partners, and potential customers.

Access to Funding Opportunities

Explore multiple funding avenues, including:

Business angels
Venture capital firms
Bank financing

Open Innovation Collaboration

Participate in open innovation initiatives in partnership with large corporations.

R&D and Innovation Project Support

Receive assistance in designing and implementing effective research, development, and innovation projects aligned with your business goals.

Entities Step-by-step process

Download & Study the Application Pack

Submit Proposal

Evaluation Process

Pitch Presentation

Contract Signing

Incubation initialization

Application Process

Check your eligibility

Ensure your idea meets the eligibility criteria to apply at the Space BIC by ERATOSTHENES CoE and has a proven space connection in any of the following categories: a) upstream space connection; b) downstream space connection; c) technology transfer. If you’re unsure, feel free to contact us.

Contact our team

We strongly encourage all interested parties to reach out to our team to help determine if your business idea is suitable for incubation, elaborate on the requirements for applicants and provide more information about the incubation program. We are here for you, no need to hesitate.

Download and read

Download and read the application forms and supporting documents – application package. Ensure that you review and understand the requirements (refer to the checklist in the Cover Letter template). If you have any questions, please contact our team for clarification before starting your application.

Fill in documents

Fill in and sign your idea proposal ensuring all required documents are properly prepared and completed. Make sure all mandatory sections in the application templates are filled out, you meet the pages limitations and sign the Cover Letter and documents where indicated.

Submit application

Submit the required documents.

Evaluation Procedure

At Space BIC by ERATOSTHENES CoE, we follow a transparent and structured evaluation process to ensure fairness and excellence in selecting incubatees.

Apply Form

Please download and fill the required documents before submitting your application. Ensure all necessary files are uploaded with your submission.

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