About Us

Space BIC

by ERATOSTHENES CoE

Space BIC by ERATOSTHENES CoE is a business incubation centre dedicated to support the development of space-based entrepreneurship in Cyprus. Established and operated by the ERATOSTHENES Centre of Excellence with the support and funding from the Deputy Ministry of Research, Innovation and Digital Policy (DMRID), the incubator aims to empower early-stage startups or individual entrepreneurs that will leverage satellite data, space technologies, or geoinformation services to address societal and market needs.

The total incubation period for selected participants at Space BIC by ERATOSTHENES CoE will span 48 months, structured into two scheduled cycles.

The Eratosthenes CoE has been established through the ‘ERATOSTHENES: Excellence Research Centre for Earth Surveillance and Space-Based Monitoring of the Environment’ with the acronym: ‘EXCELSIOR’, Horizon 2020 Widespread Teaming Phase 2 project. The “EXCELSIOR” project has received funding from the European Union’s Horizon 2020 Research and Innovation Programme under Grant Agreement No 857510, from the Government of the Republic of Cyprus through the Directorate General for the European Programmes, Coordination and Development and the Cyprus University of Technology.

The Space BIC program is implemented by the ERATOSTHENES Centre of Excellence and reflects the Centre’s mission and vision:

Mission

To foster the creation and growth of innovative space-related startups in Cyprus through high-quality incubation services, funding, and expert support, contributing to the implementation of the Cyprus Space Strategy 2025–2030 by promoting the commercialisation of space technologies, strengthening the national space ecosystem, and enabling the development of new space-based products and services.

Vision

To establish Space BIC as a key instrument for implementing the Cyprus Space Strategy 2025–2030, supporting the country’s ambition to become a regional digital and innovation hub, and contributing to the development of a robust, sustainable, and internationally competitive space ecosystem in the Eastern Mediterranean.