Dear Φ-lab community,
In its Agenda 2025, ESA has set out strategies for growing Europe’s role in the space sector, including the objective of boosting space commercialisation for a green, sustainable and digital Europe. Innovative commercial space companies have a crucial role to play in moving the green agenda forward, particularly in Earth observation, and the value of AI-derived data analytics and knowledge-based services in achieving this cannot be underestimated.
Private investment in the EO sector in Europe, although significantly improved in recent years, continues to trail behind the US and China, making the mission of the ESA InCubed programme all the more important. Investing in Industrial Innovation (aka InCubed) stimulates and develops the European commercial Earth observation sector by providing investment opportunities, together with technical and business mentoring, for both start-ups and established companies. 2023 was once again a fruitful year for the programme, which now boasts a fund size of more than €200 million and a membership of 21 countries.
InCubed is fully aligned with the Agenda 2025 commercialisation strategy, and has a number of activities under its belt that dovetail perfectly with the green agenda. In this edition of the newsletter, we’re reporting on recently completed InCubed activities, and three of the six are directly related to a green and sustainable future, covering solutions for water management and the monitoring of pipelines and offshore wind farms.
With around 56 ongoing activities, 2024 is already shaping up to be another seminal year for InCubed and its contribution to European global competitiveness in EO.
The Φ-lab team