Let your idea take flight

The PARSEC Accelerator runs in two stages to select, fund and support the best SME’s to create satellite Earth Observation based services and products with strong market potential in the sectors of food, energy and environment.

After the first Open Call “Call for ideas” 100 applicants were selected (#100PARSEC) and benefit from the PARSEC first stage that took place between March and July 2020. The second Open Call was open for consortia consisting from at least one #100PARSEC and was open from March until June 2020. After a fierce pitching competition, an independent jury of experts selected the most promising 15 consortia (#15PARSEC). As of September 2020, until October 2021, the teams will have access to 100.000€ each in equity-free funding, and the support of PARSEC’s second stage business services to help them see their innovations enter the market.

The PARSEC winners

Meet the PARSEC winning SMEs and startups and explore their solutions developed with the support of the two stages of the accelerator.

#15PARSEC

Check out the solutions and SMEs and startups behind the 15 finalists of Open Call 2, benefiting by the second stage support. 

#15PARSEC

The beneficiaries of the 2nd Open Call were a part of the programme from September 2020 to July 2021 and received up to 100.000 euro per consortium (maximum of 50.000 euro per SME).

#100PARSEC

Check out the 100 SMEs and startups selected at the Open Call 1, benefiting by the PARSEC first stage support.

#100PARSEC

The beneficiaries of the 1st Open Call were a part of the acceleration programme from March to July 2020 and received up to 10.000 euro of seed capital.

PARSEC Benefits

PARSEC provides a holistic portfolio of acceleration support for both stages including funding, mentoring and access to specialised tools

Equity-Free Funding

€10.000 x 100 winners
of Open Call 1
€100.000 x 15 consortia
winning Open Call 2
Opportunity to attract further investment

Learning

Knowledge tools

Training program

Webinars

Networking

Matchmaking

Workshops

Team speed dating

Mentorship

Bootcamp

Investment program

Business plan development

Business Catalysts

Big Data Toolbox

In-situ Data Hub

eoMALL Galleries

Read More

Second stage benefits

100.000€ equity free, for each consortium (up to 50.000€ per partner)

Investment readiness program

Investment Readiness Program will enable the #15PARSEC to go out and effectively interact with investors to raise the capital that they identified is needed in their financial plans. It will run into two phases, first the teams will work on their business and financial plan to prepare a concrete 5-year model. Then they will work on the investment offer and their project presentation (including the marketing and pitch to investors).

Coaching services

The PARSEC team will support beneficiaries to gain access to business angels and Venture Capitalists (VCs) and will prepare them thoroughly for financial and legal issues related to negotiations with private investors. After the above-mentioned coaching services, beneficiaries will be “investor and market ready”.

Export promotion training

Export promotion training in the form of online training course and online meetings with the PARSEC consortium partners, will provide support to SMEs to succeed in the export market where it is difficult for them to work alone. Like any export market, time, effort and money must be spent to break into a new market.

The PARSEC Timeline

3 January 2020 (17:00 CET)
NEW Deadline for applying to the PARSEC Accelerator Open Call 1
8 January – 10 February 2020
Peer-to-peer evaluation and results
February – March 2020100 winners: eligibility checking and contracting
27 – 29 March 2020
PARSEC Bootcamp, Stuttgart, Germany
March – June 2020
PARSEC Accelerator First Stage: €10.000 funding for each beneficiary and support services including matchmaking, learning program and bootcamp training, mentorship and networking
30 March 2020
PARSEC Accelerator Open Call 2 applications open
20 June 2020 (17:00 CET)
PARSEC Accelerator Open Call 2 applications deadline
2 – 3 July 2020 PARSEC Demo days - the event goes online!
August – September 2020
15 winners: eligibility checking and contracting
September 2020 – October 2021
PARSEC Accelerator Second Stage: €100.000 funding for each consortia and support services including business catalysts, investment readiness programme, export promotion services
Sell your product or service on the market

To see past Open Calls visit this page.

#100 PARSEC – enter the Hyperspace

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