FASI: Funding Aid Strategies Investments

Innovation – ESNC, European Satellite Navigation Competition

The European Satellite Navigation Competition – ESNC is open until 30 June 2016

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European Satellite Navigation Competition

Since 2004, the ESNC has evolved into a leading fixture in the New Space Economy by provided a public innovation platform for turning promising ideas into market-ready products. Each year, the competition unveils new trends and more than 500 business ideas. It has already awarded prizes to more than 270 winners over the years, which represent just a fraction of the nearly 3.500 innovative concepts submitted by over 10 000 total participants.

In 2015 the ESNC selected POSEIDRON, a drone application, as its overall winner for the first time in 2015. Developed by the Spanish startup Sincratech Aeronautics, this multicopter is equipped with infrared cameras and uses the European positioning service EGNOS to save lives at sea.

ESNC 2016

This year's winners will take home prizes worth a total of 1 million of euros and be welcomed into the ESNC's leading innovation network for global satellite navigation systems. Along with cash, the various prize categories on offer primarily include technical, business-related, and legal support in realising the winning business models.

A jury of international experts from the realms of research and industry will also evaluate the winners of all the categories to select an overall winner, who will be revealed at the festive Awards Ceremony. The ESNC is geared towards individuals and teams from companies, research facilities, and universities around the world.

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Photo credit: jacilluch via Foter.com / CC BY-SA