Instituto Pedro Nunes
IPN     IPN Incubadora

Astropreneurs
Turning space-related ideas into viable businesses and promoting opportunities for entrepreneurs coming from space and non-space sectors

Challenge

Astropreneurs addresses a challenge currently faced in Europe as a consequence of the diferent national and ESA technology transfer initiatives: even if the number of BICs and incubators supporting space related business is growing, it is urgent to inspire more and more entrepreneurs to turn space-related business ideas into commercial endeavours and to promote opportunities for startups coming from space and non-space sectors. For an entrepreneur it is a tough challenge to move from an initial idea to actually develop a successful and viable startup company!

Solution

Astropreneurs’ strategic objective is to support space entrepreneurs by mentoring them on businesses and technical needs, helping them to access private and public funding opportunities, but also to overcome the financial, administrative and networking barriers that are now preventing them to successful operate in the space and space-related markets. To make this happen, two main actions are implemented:

  1. Astropreneurs Space Startup Accelerator: 150 space-related startups are supported with 50 hours average of mentoring/each on business and technical needs, access to private and public funding opportunities, to overcome the financial, administrative and networking barriers that are now preventing them from more success in the commercial phases.
  2. Space Economy “Astropreneurs” Network: To amplify and follow-up that support, a network of relevant stakeholders as industry, investors, space institutions and clusters, but also other non-space skilled incubators is involved to ease the innovation barriers and allow faster markets approaches. Up to 500 entrepreneurs will be reached within this network.

Objectives, Activities and Results expected / achieved

Astropreneurs’ strategic objective is to support space entrepreneurs by mentoring them on businesses and technical needs, helping them to access private and public funding opportunities, but also to overcome the financial, administrative and networking barriers that are now preventing them to successful operate in the space and space-related markets. Specific objectives, expected results and KPIs are the following:

Specific Objective 1: Identify the space and space-related innovation agents
Results & KPIs:
• Map of the space and space-related innovation agents
o Number of entrepreneurs, startups, SMEs, investors, and other relevant innovation stakeholders identified: 500
o Number of incubators and other relevant infrastructures identified: 100
o Number of acceleration programs and other initiatives to foster innovation and entrepreneurship identified: 100

Specific Objective 2: Assist and mentor entrepreneurs, startups and SMEs in overcoming barriers (technical, business, administrative, networking)
Results & KPIs:
• Astropreneurs Acceleration calls
o Open call for applicants: 1 (6 cut-off dates)
• Experts Network established
o Experts selected: 100
o Inventory of relevant Networks: 1
• Tailored technical/business support provided to startups (Astropreneurs Support Program)
o Number of startups assisted at technical/business level: 150*
o Hours of expert supporting startups at technical/business level: up to 3750†
o Meetings promoted between stakeholders: 150
• Training in space downstream and space data applications
o Number of entrepreneurs trained: 100
o Number of technical training events: 8

Specific Objective 3: Facilitate access to finance and commercial phases
Results & KPIs:
• Awareness and information on funding opportunities
o Number of training events on space finances and opportunities: 8
• Tailored financial support provided to startups
o Number of entrepreneurs trained: 100
o Hours of expert supporting startups on funding opportunities: up to 3750†
o Number of startups assisted on funding opportunities: 150*
• Promotion of funding applications
o Applications to funding instruments: 40 = 10 to EIC Accelerator + 30 other funding applications
o Requested capital and/or funding: > 6 million€

Specific Objective 4: Maximize opportunities for startups and SMEs
Results & KPIs:
• Increase the collaboration between actors of the space economy
o Number of training events and one-to-one sessions on space/space related support: 24 = 8 training events + 16 one-to-one sessions
o Number of entrepreneurs trained: 150 = 100 in training events + 50 in one-to-one sessions
o Legacy Plan: 1
o White Book on Space Economy Promotion + Regional Policy Recommendations Report: 1 + 8 regional adaptations
o SPACE Economy “Astropreneurs” network: 1

Project Reference

776258

Funding

EU
EU

Intervention Region

Europe

Total Investment

1.999.689,50

IPN Investment

347.178,00

Total Eligible

1.999.689,50

IPN Eligible

347.178,00

EC Funding – Total

EU - 1.999.689,50

EC Funding – IPN

EU - 347.178,00

Duration

36 Meses

Start Date

2018-01-01

End Date

2020-12-31

Approval Date

2017-10-23

Consortium

INSTITUTO PEDRO NUNES;
VERHAERT NEW PRODUCTS & SERVICES NV (Verhaert),;
BRIMATECH SERVICES GMBH (BRI),;
SCIENCE AND TECHNOLOGY FACILITIES COUNCIL (STFC);
AEROSPACE VALLEY (AV);
CESAH GMBH CENTRUM FUR SATELITENNAVIGATION HESSEN (cesah);
AGENTURA PRO PODPORU PODNIKANI A INVESTIC CZECHINVEST
(CZECHINVEST);
Fundacio Knowledge Innovation Market Barcelona (KIM BCN)

Partners


Website

https://astropreneurs.eu/

Keywords

Startups, Space, Entrepreneurship, Mentoring, Network, Space Tech, Satallites, Space Economy