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The Hungarian business incubation program of the European Space Agency (ESA) is launched

The opening was held at Design Terminal in Budapest.

At the event, Orsolya Ferencz, Ministerial Commissioner for Space Research, emphasized that the sector had reached a dimensional change.

She recalled that space exploration and related space activities in Hungary date back 75 years, and during this time, the sector, its scientists and engineers, have been working continuously and delivering high-level results.

The ministerial commissioner noted that in August the government adopted a space strategy.

Ferencz said that everyone is connected to space on a daily basis through their devices and the services they use. She pointed out that the sector is extremely important, as the second space competition is now taking place, and any responsible country should have a role in this. Hungary’s role is that the ESA’s incubation program will be launched in Hungary, she emphasized.

László Jónás, the professional manager of the Design Terminal, said that they are supporting startups for 12–24 months, and those who enter the program can receive EUR 50,000 for research. In addition, they are assisted by industry experts and can benefit from business mentoring and technical support.

According to Design Terminal, the main goal of ESA BIC Hungary is to develop successful space industry startups and to create and strengthen a space industry community in Hungary. 

Startups and individuals can apply to the program with a product, process or service based on a new technological invention or an innovative application of an existing technology.

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