Frequently Asked Questions

General

The PARSEC acceleration programme provides equity-free funding and business support services such as coaching, networking and training. However, the PARSEC Accelerator aims to go beyond its own immediate boundaries by creating a nurturing ecosystem and providing long-term support to its beneficiaries. Services developed within the PARSEC Accelerator – such as its three business catalysts – will support future business models for Earth Observation-based innovation, even after the formal end of the project.

You can apply if you are either a single entrepreneur, a start-up or an SME representative or an aspiring founder (including students or researchers), located in one of the 28 EU Member States or Horizon 2020 Associated Countries:

  • One of the Member States of the European Union: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.
  • One of the Outermost regions or the Overseas Countries and Territories (OCT) linked to the EU Member States.
  • One of the Horizon 2020 associated countries: Iceland, Norway, Albania, Bosnia and Herzegovina, North Macedonia, Montenegro, Serbia, Turkey, Israel, Moldova, Switzerland, Faroe Islands, Ukraine, Tunisia, Georgia and Armenia.

For details and eligibility criteria to participate in the accelerator read the Guide for Applicants.

The deadline is 20 December 2019 at 17:00 CET. Any submission received after this date and time will automatically be rejected.

The full PARSEC acceleration programme lasts until October 2021. The first stage support services will be provided between March and June 2020 and the second stage support services between September 2020 and October 2021. However, you will benefit from participating in the PARSEC ecosystem even after the official end of each of the stages of the PARSEC Accelerator.
It means that the PARSEC Accelerator will not require equity in return to the funding provided. Put simply, we will not require any type of ownership of your start-up or SME, in exchange for the funding we provide.

Yes. PARSEC Accelerator is designed for supporting new innovations for food, energy or environment sectors in broad terms (including for example agriculture, mining, etc.), using Earth Observation. However, our applicants can come from various backgrounds. If you come from a different sector and are willing to join the accelerator, our matchmaking and networking events will help you in building cross-sectoral (and cross-border) partnerships so that together you can develop a new product or service for the food, energy or environment sectors.

No. We solely provide accelerator support and no incubator services are provided.
English is the official language of the Accelerator. All activities, application submissions, documents, communication, learning and mentorship related to the PARSEC Accelerator will be in English.

The business catalysts are a suite of tools designed to support entrepreneurs looking to take advantage of Earth Observation (EO) data and technologies and develop new products or services. They are:

  • Big Data Toolbox: An array of tools making it easier to access and process large amounts of satellite data to convert into value-added services
  • In Situ Data Hub: A vast warehouse of locally-sourced datasets covering everything from weather sensors to drones
  • eoMall Galleries: A showcase for your innovation on eoMall, an online platform for promoting EO-based services.

Read more about the business catalysts here.

Yes. The business catalysts are made freely available for PARSEC Accelerator beneficiaries. They will provide lots of layers of information. Specific needs will be discussed during the PARSEC Accelerator first stage.

No, it is not obligatory, but it is highly recommended that each consortium’s product/service uses at least one of the following three platforms. Business catalysts will be available for the first stage successful applicants on test areas and to co-design future layers they will need in the second stage. It is worth noting that, the PARSEC Business Catalysts are tools that could add a great deal of value to your service or product and make it much easier to build new services or extend existing ones.

We will be happy to answer to your questions – simply write to us at info@parsec-accelerator.eu.
Applications – Open Call 1

Yes, you can apply as a single entrepreneur, or as a natural person. If you are natural person you’ll need to register in order to sign a contract with us and become a PARSEC Accelerator beneficiary.

You have to represent an SME that complies with the European Commission Recommendation 2003/361/EC5 and the SME user guide . Your company should employ less than 250 people and your annual turnover cannot exceed €50 million or your annual balance sheet total cannot exceed €43 million.

Yes. If you are selected as one of the 100 winners of Open Call 1, it would be necessary to register as a single entrepreneur or an SME in one of the eligible countries, in order to sign a contract with the PARSEC Accelerator.

No, not for the Open Call 1. However, if you apply for, you should be keen to explore if Earth Observation (EO) can support your vision and find a partner. Participating in the PARSEC Accelerator programme is your opportunity to learn how to use EO for your benefit and to find partners from the EO community.

Yes, the PARSEC Accelerator does not exclude those cases, but it is your responsibility to make sure that your accelerator or incubator does not impose similar constraints on your participation in our accelerator.

No. For Open Call 1, it is not necessary to have a concrete proposal ready. Applicants are requested only to present their skills, competences, understanding of sector dynamics and their vision and ambition for new products/services to be developed.

No. We only accept one application per applicant.

Yes. You need to respect the deadlines for application. By applying you consent to becoming an evaluator of other applications through the peer-to-peer evaluation platform. Evaluation is a mandatory process for all applicants. If for any reason you cannot fulfil this commitment within the deadlines set by the PARSEC Accelerator management team, your application will not be considered. We recommend that you carefully read and understand the Guide for Applicants before applying.

Your application video will be evaluated and ranked through the peer-to-peer evaluation platform by other applicants. An algorithm will evaluate the quality of the evaluations you submit on the videos of other applicants. Your final application ranking will depend on both of these aspects. Your application has to be ranked among the 100 best applications in order to access to the benefits of the first stage of the PARSEC Accelerator.

The results will be available on the PARSEC website after the evaluation process is finalized.

If you are selected, you have to physically attend the PARSEC bootcamp in Stuttgart, Germany and to participate in one of the regional or online matchmaking events in order to receive the funding and the other support services of the Accelerator.

No. You should cover your travel and accommodation expenses.

Yes, if you are a resident of (for individual applicants) or if your business is registered in one of the Horizon 2020 associated countries: Iceland, Norway, Albania, Bosnia and Herzegovina, North Macedonia, Montenegro, Serbia, Turkey, Israel, Moldova, Switzerland, Faroe Islands, Ukraine, Tunisia, Georgia and Armenia. Full list of countries is available in the Guide for applicants.

For technical assistance, you should refer to the PARSEC Open Call platform FAQs (link) in the first instance. If you continue experiencing issues with your submission, please contact the PARSEC Accelerator Open Call evaluation team at evaluation@parsec-accelerator.eu.

Yes, you can find partners outside of the PARSEC ecosystem and add them in your consortium.

Yes, it is possible if one of our first stage beneficiaries includes you as a member of their consortium for Open Call 2. You may need to join a Regional Networking event, details will be communicated in due time through the website.

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