Collective Crunch is the first Finnish company to join the ESA BIC Finland
European Space Agency's Incubation Centre in Finland is critically important in doubling Finland's space industry turnover in the country.
ESA BIC Finland, operating within Aalto University and selecting up to 10 of the most innovative Finnish space startups into its programme yearly welcomes the first space startup: the first selected company is Collective Crunch which collects satellite data, especially for climate and location and refines it to Artificial Intelligence services for industries. Fields of activities include Smart Forestry and energy. The company has won several technology awards and has gotten very positive feedback from its clients.
ESA's Business Incubation Centre in Finland has a permanent open call with two selection rounds per year. The selection panel includes members from ESA, its partners Aalto University, Business Finland, Turku Science park and Geowise Ltd.
"Space industry is experiencing a big boost globally. New ideas for the space industry, the so-called New Space technologies such as nanosatellites are particularly interesting to us. Some examples of these are Aalto University’s nanosatellite programmes and the startups born out of these like Iceye that just entered into a partnership with ESA. We also welcome ideas from startups that use existing space technologies and services such as weather and location data in their business models. In many ways, the numerous companies already using GPS positioning data can be considered space companies. That’s why the range of ideas and startups applying to us is very wide," says Kimmo Isbjörnssund, head of ESA Business Incubation Centre Finland.
ESA BIC Finland a key contributor to the New Space Economy program
"The time is right for Finland's space sector to take a stellar leap. We are traditionally strong in radio technology, components, instruments and software. And today in building nanosatellites and using satellite data for commercial purposes. Business Finland searches the most potential companies, funds them, helps them to New Space markets and large ESA and Horizon projects and attracts investments and builds global ecosystems. We’re here to help Finland double its New Space Economy,” says director for space matters in Business Finland, Kimmo Kanto.
Business Finland launched the New Space Economy program earlier this year.