ESA Business Incubation Centre (BIC) Madrid Region
ESA BIC Madrid Region is the Business Incubation Centre of the European Space Agency (ESA) and the Community of Madrid, coordinated by the madri+d Foundation, which provides funding, business and technical assistance to entrepreneurs (incubatees) in order to set up their business using space technology for general non-space industrial, scientific and commercial uses (spin-off) or using non space technology for proposing products and services for the space sector (spin-in).
The ESA BIC Madrid Region is 50% co-financed by ESA and by the Regional Ministry of Economical Affairs, Employment and Treasury. ESA funding has been guaranteed through the Spanish Delegation at the ESA, consisting of the Ministry of Economy, Industry and Competitiveness through its General Secretariat of Industry and Small and Medium Enterprises, and the Centre for the Development of Industrial Technology (CDTI).
Regional and national partner institutions include: Madrid Aerospace Cluster, Madrid Aeronautical and Space Platform (MPAE), facilitating access to more than 50 partner companies; the Spanish Official Association of Telecommunication Engineers (COIT) with more than 12,000 members and the National Institute of Aerospace Technology (INTA). Business incubation is offered at four technology houses promoted by five of the most renowned public universities and by S&T Centers, with offices and laboratory space for entrepreneurs: UPM , PCM, UC3M and URJC.
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