ESA BIC Ireland

AI Verified

Location

Ireland


Investor type

Accelerator/Incubator


Current investment status

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Website

https://www.esaspacesolutions.ie/


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Company address

Dyke Parade, T12 WE28 Cork, Ireland


Founding year

2016


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Criteria Requirements Match
Regions North America, Northern Europe, Western Europe
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Stage Pre-Seed, Seed
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Company description

ESA BIC Ireland operates as a vital component of the world's largest space innovation network, established in 2016 with headquarters at the Tyndall National Institute, a premier European research center specializing in integrated ICT hardware and systems. As part of the broader ESA Space Solutions framework spanning multiple European countries, this organization delivers comprehensive support to startups and SMEs developing space-related technologies and applications. Their mission centers on providing financial backing, business guidance, and technical expertise to foster successful enterprises and create lasting employment opportunities within Ireland's growing space sector.

The importance of the space industry in Ireland has gained significant recognition, highlighted by the launch of the National Space Strategy for Enterprise 2019-2025 in June 2019. This strategic initiative acknowledges the expanding commercial potential for Irish companies in space-related fields, with particular emphasis on downstream applications and terrestrial implementations of space technologies. ESA Space Solutions Centre Ireland has positioned itself as the premier destination for innovative businesses seeking to leverage space technologies and data to enhance everyday life and address terrestrial challenges.

Through targeted initiatives including the ESA Business Incubation Centre (BIC) Ireland and the ESA Spark Funding Programme, the organization provides tailored support mechanisms for both emerging startups and established companies looking to enter or expand within the space sector. These programs offer access to specialized resources, mentorship opportunities, and potential funding pathways that help Irish enterprises navigate the unique challenges of space-related business development. Their comprehensive approach addresses the full spectrum of needs from initial concept development through to market entry and scaling operations.

The operational structure of ESA Space Solutions Ireland features a consortium of five key partners, with Tyndall National Institute serving as the lead organization alongside Athlone Institute of Technology, Maynooth University, MaREI, and University College Dublin. This collaborative framework is further strengthened by a strategic partnership with Enterprise Ireland, which functions as Ireland's official liaison to the European Space Agency in conjunction with the Department of Enterprise, Trade and Employment. This robust network of academic and governmental partnerships enables the center to connect Irish space entrepreneurs with European opportunities while ensuring alignment with national economic development priorities.

Highlights

Supporting European start-ups using space technology
Provides funding and support to businesses in space sector

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Frequently asked questions

Where is ESA BIC Ireland located?

ESA BIC Ireland maintains its global headquarters in Ireland, serving as the strategic center for its operations. The company's primary corporate offices are located at Dyke Parade, T12 WE28 Cork, Ireland.

What investment stages ESA BIC Ireland focuses on?

ESA BIC Ireland focuses its investment activities on companies operating in the following stages: Pre-Seed, Seed. ESA BIC Ireland provides strategic capital and expertise to support promising businesses at these critical phases of development.

Where does ESA BIC Ireland invest?

ESA BIC Ireland maintains a strategic global investment presence, actively seeking opportunities across the following key regions: North America, Northern Europe, Western Europe.

When was ESA BIC Ireland founded?

ESA BIC Ireland was established in 2016, marking the beginning of its journey as an investment firm.

What kind of investment firm is ESA BIC Ireland?

ESA BIC Ireland is the following type of investment firm: Accelerator/Incubator. The organization provides capital and strategic support to entrepreneurs and growing companies.