As the manager of the European Space Agency Estonian Business Incubator (ESA BIC Estonia), I have always been in the midst of the most recent and exciting ideas. When I joined the ESA BIC Estonia team in 2017, I didn’t know much about the whole space domain. My previous experience was mainly limited to watching sci-fi movies
So what does the incubation manager do?
Suppose you are an ambitious entrepreneur looking to create something new and exciting. The space field seems interesting, but you have no exact idea how to link your idea to it. You may have heard of ESA, JAXA or NASA, but navigating this plethora of information is hard. Let’s have a chat – I’ve read hundreds of business plans and have been in touch with many companies and representatives of the European Space Agency, which is why I’m able to give a quick feedback if the idea is feasible or it needs some more work.
As the incubator manager, I am involved with companies throughout their entire journey, from the first contact to the end of the program. I advise potential candidates daily on how to prepare a compelling application. Whether they are working on satellite construction, Earth observation, or implementing another space-inspired technology, the principles of the application remain the same.
When a company is selected for the program, close collaboration begins. We create a joint action plan, determine the necessary external support, and involve suitable mentors. If the company wishes to start raising funds, I introduce them to investors and venture capital funds. Our goal is to help companies grow quickly. At the same time, we participate in various events, demo days, and host foreign visitors. Our team always helps companies prepare thoroughly.
Our goal is to make Estonia a strong centre for space. We support companies at every step, from the idea to reaching the international market. After the end of the program, the companies will remain part of our wide network, which opens up new opportunities for cooperation both in Estonia and abroad.
FYI! ESA BIC Estonia autumn campaign is ongoing until 17 October, and we look forward to new potential startups to support them on our journey.
I am always ready to help and share my knowledge. If you have any questions or need advice, feel free to contact me at sven.lilla@teaduspark.ee.
