The ERATOSTHENES Centre of Excellence (CoE), with support and funding from the Deputy Ministry of Research, Innovation and Digital Policy (DMRID), has opened applications to the SpaceBIC Cyprus incubation programme. The incubator aims to back early-stage teams using satellite data, space technologies, or geoinformation services to target societal and market needs.
The total incubation period for selected participants at Space BIC by ERATOSTHENES CoE will take place over 48 months, divided into two scheduled cycles. The first cycle will last from 17th December 2025 until 17th December 2027. The second cycle will be announced at a later date.
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Who should apply
SpaceBIC is open to:
- Startups, SMEs, or individual entrepreneurs legally established in areas controlled by the Republic of Cyprus, or planning to establish operations there.
- Newly established companies or new (less than a year old)
- All proposed solutions must show a clear space connection: downstream (EO, sat-nav, sat-com, tech transfer), upstream (launchers, satellites, ground systems, human spaceflight), or geoinformation services, plus a viable business case with market potential.
Benefits
- €50,000 non-equity funding (De Minimis).
- 24 months of structured incubation at ERATOSTHENES CoE (Limassol), with remote support as needed.
- Dedicated workspace, infrastructure & equipment access for prototyping/small-scale production.
- Technical support via RTO/university labs; hands-on expert mentoring and training.
- Market access & networking with corporates, investors, and international partners.
- Help navigating R&D/innovation calls and funding pathways (angels, VCs, banks).
How to apply
- Check your eligibility.
- Contact the Space BIC by ERATOSTHENES CoE team to help determine if your business idea is suitable for incubation, elaborate on the requirements for applicants, and provide more information about the incubation program.
- Download the Application Pack from the SpaceBIC site.
- Prepare and submit the required documents:
- Business Plan (≤25 pages) and Incubation Proposal (≤25 pages)
- Cover Letter & Requirements Checklist, Space-Connection Self-Assessment, De Minimis Declaration
- CVs of key team members (1 page each)
- Certificate of Incorporation (if applicable)
- Optional: Letters of Support/MoUs
- Excel pack: SWOT, risk assessment, P&L, incubation timeline, and funding tasks.
- Evaluation: Initial compliance check → presentation/interview → scoring by an evaluation committee using predefined criteria and weights.
First round of applications deadline: 15th October 2025
SpaceBIC selects at least two startups per 24-month incubation cycle.
Contact: info@spacebic.cy or 25002908 for questions and queries.
