Home Health ESA chooses Turin as the location of its aerospace incubator

ESA chooses Turin as the location of its aerospace incubator

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The industrial reconversion of the historic Italian car capital turns towards the new territories of innovation in the aerospace industry and its industrial applications. A new identity that will change the face of the Italian motor-city made possible thanks to the establishment of the incubator of the European Space Agency (ESA) thanks to the collaboration between I3P, Link Foundation and Politecnico di Torino, a synergy between public and private is proven successful.

The horizon of the ESA project is seven years and aims to support at least 25 new companies in the local node and 40 in Italy by supporting the birth and development of new companies based on aerospace technologies, both with applications upstream (communication systems, satellites, software for space mission control), both downstream, based on the use of data and technological solutions of aerospace origin in various sectors where innovation plays a fundamental role: environmental monitoring, mobility, logistics, precision agriculture.

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The centre’s activities will kick off in October with the launch of one open call for the incubation of startups and entrepreneurial projects. Three annual selections are planned in collaboration with the European Space Agency and the Italian Space Agency and the selected startups will receive free technological and business support services, as well as financial contributions made available by ESA itself, the Piedmont Region and the Company. of San Paolo.

The Piedmont Region provides for the disbursement of contributions for new startups generated locally or attracted to the territory, in synergy with the Turin Chamber of Commerce, which will provide financial support for management activities and the Compagnia di San Paolo Foundation which will operate as the main support subject, both with a multi-year contribution aimed at covering the operating expenses of the Esa Bic program, and by activating innovative investment tools to support the technological development and the growth phase of future startups.

Thanks to Link Foundation, the center will also have the support of financial operators active in different stages of startup development, with the aim of offering investment opportunities from seed money to capital for growth and internationalization. The Investors Club, Liftt, RedSeed, the fund dedicated to aerospace Primo Space, Neva Sgr, Rif-T, Finpiemonte Partecipazioni, Cdp Venture Capital and Intesa Sanpaolo have chosen to join the project, which will provide specific credit lines for new businesses incubated in the center.

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