FAQs

The Space BIC by ERATOSTHENES CoE is operated by the ERATOSTHENES Centre of Excellence (CoE), an autonomous, non-profit organization established through the Horizon 2020 EXCELSIOR Project. With expertise in space technologies and applications, earth observation, and innovation, the CoE aims, among other objectives, to support Cypriot start-ups focused on developing solutions and services in the fields of technology and space applications, supported by the Deputy Ministry of Research, Innovation and Digital Policy (DMRID).

Incubation services are provided primarily at the premises of the ERATOSTHENES Centre of Excellence in Limassol. Hosted startups may also benefit from remote support, access to partner infrastructures, and networking with national and international actors in the space innovation ecosystem.

Each Beneficiary receives:

• EUR 50,000 non-equity funding (under De Minimis Regulation)
• Workspace within the Incubator
• Access to infrastructure & equipment for prototyping and small-scale production
• Technical support from RTOs and universities
• Mentoring via in-house experts and mentor network
• Market access (local & international)
• Networking with leading peers, corporates, and stakeholders of the
• Space field
• Investment network (angels, VCs, banks)
• Collaboration with corporates through open innovation schemes
• Support to apply to R&D and innovation calls
• Training

• Be newly established, typically less than 5 years old.
• Be working on a space-related innovation, either directly (e.g. satellite tech, launch systems) or indirectly (e.g. using Earth observation data, remote sensing, or geospatial tools).
• Have a small team, often with founders actively involved in development.
• Seeking to validate, prototype, or commercialize a novel idea in the space ecosystem.