Business consulting and dedicated coaching provided in Austria (worth approximately EUR 4,000)
Travel and accommodation expenses for the trip to the Galileo Masters Awards Ceremony 2019 (max. budget EUR 1,167)
If your idea gets selected as Galileo Masters 2019 Overall Winner
Furthermore, Galileo Masters winners will be offered the following for a period of two months at ESA BIC Austria in Graz:
The first runner-up will receive:
The second runner-up will receive:
The winner and runners-up will be invited to apply for admission to the European Space Agency Business Incubation Centre (ESA BIC) Austria, which provides start-ups with financial and technical support. If they are accepted, they will be eligible for EUR 50,000 in additional incentive funding from ESA and local partners.
*In order to receive the cash prize, the winning team or person has to be registered in Austria. The same applies to the business consulting, dedicated coaching, and other services offered by ESA BIC Austria.
Austrian Research Promotion Agency (FFG)
The Austrian Research Promotion Agency (FFG) is the national funding institution for applied research and development in Austria and offers a comprehensive range of services for enterprises, research institutions and researchers. FFG’s Aeronautics and Space Agency connects these entities with the international aerospace world. It implements Austria’s aerospace policy, and represents the country at international aerospace committees, including ESA. The Austrian Space Applications Programme (ASAP), meanwhile, funds research on space science, technology, and applications. Finally, as the central interface between Austrian interests and European programmes, FFG’s Galileo contact point supports Austria’s competencies in the field of satellite navigation and interacts with the GNSS community.
Austrian Ministry for Transport, Innovation and Technology
The Federal Ministry for Transport, Innovation and Technology (bmvit) provides a general framework for infrastructure from rail to road, water and air to telecommunications and technology development in Austria.
Austrian space activities (ESA, EU, EUMETSAT and the national space programme ASAP) are under the jurisdiction of the bmvit and are implemented by the Aeronautics and Space Agency of the Austrian Research Promotion Agency, FFG.
Science Park Graz
Science Park Graz is the reference Business Incubator of the Austrian AplusB startup network and the manager of the ESA Business Incubation Centre (BIC) Austria. Since 2002, Science Park Graz is the driving force for the development of successful startups from the academic world. Science Park Graz is furthermore a key partner for 200 startups and entrepreneurial projects in Graz, Styria and beyond, providing coaching, access to business and technical networks, funding and office accommodation.
ESA Business Incubation Centre (BIC) Austria
The ESA BIC Austria is the place for entrepreneurs from research centres, universities, space and non-space business seeking to realise their innovative ideas and transfer technologies from space (e.g. navigation, telecommunications, satellite data) to other areas of the economy (e.g. logistics, health, tourism, environment, energy). ESA BIC Austria provides innovative business ventures with a EUR 50,000 grant for prototyping and IPR, business and technical support as well as a full immersion into the ESA BIC network of more than 700 space-related startups.
E-GNSS Accelerator Partner
The prize pool is co-financed by the European Commission’s DG Grow. The aim of the “E-GNSS Accelerator” is to foster the market uptake of Galileo/EGNOS and high technologies in EU28, the EEA and ENP countries.
Discover all previous winners of the Austria Challenge