The Cyprus Chamber of Commerce and Industry (Keve) has announced the initiation of the first incubation cycle of Space BIC, a dedicated programme aimed at fostering startups in the space sector.
- The Cyprus Chamber of Commerce and Industry (Keve) has announced the initiation of the first incubation cycle of Space BIC, a dedicated programme aimed at fostering startups in the space sector.
- This incubation programme will span 24 months and comprise two cycles, with the second cycle expected to be announced in mid-2026.
- For those interested in applying, the application form and supporting documents, along with eligibility criteria and submission guidelines, are available at www.spacebic.cy/apply.
- This initiative showcases Cyprus’ increasing commitment to advancing space technologies and supporting innovative enterprises in creating globally competitive solutions.
Space BIC, overseen by the Eratosthenes Centre of Excellence, is designed to empower companies and teams focusing on satellite data, space technologies, or geoinformation services. The initiative aims to stimulate innovation and support the development of cutting-edge solutions.
Space tech: Application Process and Funding Opportunities
The call for applications is now open and will remain so until October 15, 2025. Selected participants will receive up to €50,000 in non-equity De Minimis funding to aid in developing prototypes, validating technologies, and scaling their innovations.
This incubation programme will span 24 months and comprise two cycles, with the second cycle expected to be announced in mid-2026.
Who Can Apply?
Eligible applicants include new companies that have been established for less than five years, teams, or individuals looking to create a business in Cyprus. Applicants must demonstrate a connection to the space sector and present a viable business model.
For those interested in applying, the application form and supporting documents, along with eligibility criteria and submission guidelines, are available at www.spacebic.cy/apply.
Support for Startups
Soti Christou, an officer at Keve’s Department of Services, Trade and Digitalization, emphasised that Space BIC aims to cultivate a vibrant innovation ecosystem in Cyprus’s space sector. Keve, which coordinates the Enterprise Europe Network Cyprus, has encouraged all aspiring startups and entrepreneurs to take part in the programme.
This initiative showcases Cyprus’ increasing commitment to advancing space technologies and supporting innovative enterprises in creating globally competitive solutions.
