PARSEC is a business accelerator supporting the creation of new Earth Observation (EO) based products and services. The accelerator targets SMEs, start-ups, entrepreneurs and researchers who want to have an impact on the emerging Food, Energy and Environment sectors. With the support of PARSEC, their ideas will be developed into solutions fuelled by the benefits of EO.
The holistic two-stage acceleration programme will distribute a total of €2.5 Million equity-free funding to 100 beneficiaries, alongside other key resources (coaching, matchmaking, promotion) needed to develop and launch 15 new products and services into the global market. PARSEC will also provide a suite of business catalysts for transforming data into market-ready services. The first Open Call for applications was held between the 20 September 2019 and the 3 January 2020. The applications for the second Open Call will start on the 30 March 2020 and last until the 20 June 2020 ( more information). The applicants of the Open Call 2 will have to attend the PARSEC Demo Day on 2-3 July 2020 which were decided to be held online due to the COVID-19 pandemic. The acceleration programme will conclude in October 2021.
The PARSEC Accelerator is funded by the “Horizon 2020” Research and Innovation programme of the European Union.