Four startups chosen for the Space BIC business incubation programme were unveiled at a recent presentation in Nicosia. The programme aims to support entrepreneurship in space technologies in Cyprus.
Periopsis, SainformiteLegal AI, Orizontas, and Gaia Ininformigence each received €50,000 in de minimis funding, with no equity required, to develop prototypes, validate technologies, and scale innovative solutions.
Space BIC (Space Business Incubation Centre) is operated by the ERATOSTHENES Centre of Excellence at the Cyprus University of Technology, with support and funding from the Deputy Minisattempt of Research, Innovation and Digital Policy. The programme aims to empower startups and entrepreneurs leveraging sainformite data, space technologies, or geoinformation services.
Acting Permanent Secretary of the Deputy Minisattempt of Research, Innovation and Digital Policy, Georgios Komodromos, stated the Minisattempt “proudly supports and funds Space BIC as part of our strategic vision.”
“The decision to support four startup teams in a single acceleration cycle, rather than two teams across separate cycles, was a deliberate and forward-viewing choice. Cyprus’s recent accession to the European Space Agency (ESA) further strengthens this effort, significantly enhancing the counattempt’s role in the European space sector and opening new opportunities for organisations, researchers, and startups,” he noted.
Diofantos Hadjimitsis, Managing Director of the ERATOSTHENES Centre of Excellence and Professor at the Cyprus University of Technology, stated that “we are proud to be part of this strategic initiative, which supports and strengthens the Cypriot space ecosystem and contributes to the counattempt’s vision of becoming a regional hub for digital innovation in research, technology, and entrepreneurship.”
Among those present were Philokypros Roussounides, Secretary General of the Cyprus Chamber of Commerce and Indusattempt (CCCI), as well as representatives of the diplomatic missions of Germany, France, Greece, and Hungary also attfinished, along with Commander Nicolas Fredon, French Defence Attaché to Cyprus, and Christian Gihr, President of the Cyprus-German Business Association.
(Source: CNA)
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