During Euroconsult's annual World Satellite Business Week, awards were presented to the four most promising start-ups, as selected by an independent jury, after a pitch competition during the FinSpace cocktail reception at Euroconsult's Summit for Satellite Financing, which brings together the leading decision makers of the satellite-enabled business sector. FinSpace is supported by MAXAR and Global Space Ventures.
One hundred and thirty companies were identified, after which 36 were shortlisted and 12 were invited to pitch. The four winners were selected from those 12 companies, based on the assessment of qualitative criteria, including innovation, existing and future customer base, amount of capital raised, level of maturity and market approach.
This year's award categories and winners are shown to the right:
The participants had the opportunity to present their projects during the FinSpace event and cocktail reception and also received 10,000 euros worth of Euroconsult's research products and coaching from Global Space Ventures.
The jury, which had been in deliberation over the summer, was composed of leading figures from the satellite industry:
- Jury President: Jean-Jacques Dordain, Member of Advisory Board, SpaceResources.lu
- Pacôme Révillon, CEO, Euroconsult
- Hélène Huby, Partner, Global Space Ventures
- Will Porteous, Partner, COO, RRE Ventures
- Serge Van Herck, Space Entrepreneur
Jean-Jacques Dordain, Jury President and Member of Advisory Board, SpaceResources.lu, said that the success of the second edition of FinSpace is one of the many signals of "new space" taking momentum in Europe. Its growth involves more and more entrepreneurs and investors, more and more companies, long standing and new, big and small, from the space sector and from outside the space sector, all with the support of space agencies. The movement is now irreversible along a sustainable path paved with more and more clusters and ecosystems covering the total value chain. Congratulations and long life to the four winners.
Pacôme Révillon, CEO, Euroconsult, added that the future and growth of the industry will be shaped through innovative ideas and disruption. The FinSpace Awards recognize the most promising start-ups for their outstanding new concepts and initiatives, while at the same time facilitating exchanges and the formation of partnerships between them, established industry players and investors.