The ESA BIC managed by EBN Portuguese member IPN was launched during the 5th Portuguese Space Forum on November 5th. It will support Portuguese companies that implement space technology in sectors such as health, transport, security, or energy.
Over the next five years, the 30 companies supported by ESA BIC Portugal can access a total investment value of 1,5 million euros, raise capital of around 7 million euros, and are expected to create more than 120 new jobs.

Managed by IPN and implemented in collaboration with Science and Technology Park of the University of Porto and DNA Cascais.

Carlos Cerqueira , Head of Innovation at IPN said that “ESA BIC Portugal has unique characteristics since it promotes the creation of startups based on state-of-the-art technologies tested in Space applications, providing these new companies with the potential to create disruptive innovations tailored for the global markets”.

Teresa Mendes, President of IPN, added that “the ESA BIC and Ambassador Platform in Portugal contribute to further accomplish IPN’s mission to support the technology transfer process and to stimulate the creation of new economic activity and skilled jobs in Portugal”.