It is not enough to just have a great idea about how to adapt space technology for a product or service. Bringing the idea to the market is often a challenge for start-up companies. Established firms with a lot of business know-how can support techno-starters who are strong in new technology development but lacking business and management capabilities.
In order to provide a platform for space technology transfer in Flanders, ESA, together with BELSPO and the Flemish Government have opened an ESA Business Incubation Centre (BIC) in Geel, Belgium. This BIC, called ESA BIC Flanders, is the seventh ESA BIC site in Europe and is managed by Innotek, the knowledge centre for innovation and technology.
Innotek has teamed up with several partners who contribute to the successful realisation and financing of the ESA BIC Flanders businesses. The renowned research institutions VITO, SCK•CEN, IMEC and VUB B-PHOT act as technical partners. The Flemish government agency for Innovation by Science and Technology, IWT and the Flemish Investment Company, PMV are financial partners.