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SMEs: Commission and the European Global Navigation Satellite Systems Agency support SMEs in the space sector Wednesday, 03 March 2021

The winning teams were selected based on their innovative use of Galileo, their market-oriented approach and commercial potential. The total prize pool of the competitions was €1.7 million, including the grand prizes for the top teams and smaller awards for qualifying solutions. Contestants were evaluated by a team of experts composed by the GSA and European Commission and the main award criteria involved innovation, Galileo relevance, market potential and feasibility in realizing the ideas. Internal Market Commissioner Thierry Breton said: “The future of the European space industry is a combination of strong institutional leadership and European approach to New Space. The new Space entrepreneurship initiative: CASSINI launched earlier this year is made to boost start-ups and space innovation. The dynamism of European entrepreneurs using EU space technology is once more confirmed by the very positive reactions to the MyGalileo competitions.” Rodrigo da Costa, GSA Executive Director, said: “The MyGalileoSolution and MyGalileoDrone competitions play an important role in fostering the uptake of Galileo across a wide range of market segments. A key role of the GSA, and of EUSPA in the future, is to increase the competitiveness of the EU downstream industry by supporting innovators, SMEs and start-ups. These two competitions help us to do exactly that.”

Both competitions are in line with the Commission’s CASSINI space entrepreneurship initiative for the period 2021-2027. First announced in the EU SME Strategy, the initiative aims to increase the number and the chances of succeeding of space-based start-ups as well as facilitate access to public and private capital for both them and SMEs. For more information on the winners of the competition here.

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Ciencia y Salud

"Diario ilustrado". Una publicación electrónica independiente que apoya puntos de vista liberales, progresistas, Pro-europeos y Pro-empresariales. La publicación fue creada por un grupo de periodistas independientes en oposición a la línea mediática de Rupert Murdoch y publicaciones conservadoras y de derecha. Publicado en español