On 30 November 2017, the Ministry of Economic Affairs and Employment, the European Space Agency (ESA) and the Aalto University signed in Helsinki an agreement on opening in Finland a business incubation centre focused on space industry startups. The aim is to generate 50 new businesses in the space sector in Finland.
Through the channels and programmes provided by ESA, the new Centre will open up contacts with European space technology applications for the Finnish industry and businesses. Moreover, the Centre will support research and education in the space sector.
The ESA Business Incubation Centre will be located in the Aalto University’s A Grid, which is a new community space for startups, to be opened at the Otaniemi campus in Espoo in the beginning of 2018.
All businesses founded in Finland less than five years ago can apply for access to the Business Incubation Centre if they have innovative technologies for the use of space industry or if they use space data or space technologies in their activities. The first application round to the Centre will be launched in early 2018.