ESA BIC Latvia is the first European Space Agency Business Incubation Centre in Latvia, supporting space-related startups. It operates under the Commercialization Reactor and aligns with Latvia's national Space Strategy.
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ESA BIC Latvia is the Latvian node of the European Space Agency Business Incubation Centre network. Officially launched on November 13, 2024, in Riga, Latvia, it aims to support startups that utilize space technology in their business models. The incubator provides resources and support to both new and existing companies that are less than five years old, fostering innovation in the space sector.
ESA BIC Latvia invests in space technology startups, offering funding, business coaching, technical support, and access to networks and business partners. The incubator provides up to €80,000 in funding for product and intellectual property development, along with additional resources for fundraising and technical support.
The program offers up to two years of incubation, including funding, business coaching, technical support, and access to satellite data and IT systems. Participants receive 50 hours of business coaching, 80 hours of technical support, and 10 hours of IPR/legal advice, along with guidance for fundraising and access to a partner network.
Companies must be registered in Latvia, new or under five years old, and utilize space technology in their business models.
The incubator provides up to €80,000 for product and IP development.
Applications are accepted on a rolling basis, with selections conducted twice a year.
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