![]() The panel focused on critical issues SMEs should address when developing satellite navigation business applications, followed by 90 face-to-face interviews between entrepreneurs and experts on fundraising, applications, legal issues such as intellectual property rights, and incubation and business support programmes.Įlaborating on the market potential theme, Laurent de Hauwere, managing director of Brussels-based Ptolemus Consulting Group, spoke about the explosion in location-based services. About one-third of the funding will go to SMEs. “It’s a good chance to get some funding,” he said. While the second call was more competitive than the first, Kennes said this factor should not discourage SMEs with good project proposals from applying for future calls. Providing participants with a progress report of the GSA’s second call for funding under FP7, he said that the agency had received 104 proposals from about 500 companies and institutions based in 40 countries. “Galileo and EGNOS have a very important role to play for Europe to capture all of these opportunities,” said Kennes. The GSA estimates that Galileo will increase the overall value of the market by about €14 billion over 2010-2027 in the location-based services, aviation, agriculture and road transport sectors. On behalf of the European Commission, the GSA is responsible for overseeing FP7 funding into research related to EGNOS (European Geostationary Navigation Overlay Service) and the future Galileo, the EU’s GNSS. In his opening remarks, Kennes spoke of the huge potential for satellite-based navigation products and services in the global market, expected to reach about €250 billion by 2030. Kennes added: “The main goal of this event is to help SMEs and other companies involved in research and development programmes achieve a more successful exploitation of their research,” “We hope this Venture Academy will be a kind of think tank where a fruitful exchange of experience can happen,” said Florence Ghiron, director of Capital High Tech. ![]() Held in conjunction with Galileo Application Days, the Venture Academy was organised by Capital High Tech consulting company, under the Pegase project, a coordination and support action which received funding from the EU’s Seventh Framework Programme for Research (FP7) to provide support for the GSA’s activities. He was speaking at the GNSS Venture Academy, a half-day meeting dedicated to helping SMEs fine-tune their business plans. ![]() “We have seen a lot of growth in the GNSS (global navigation satellite systems) market, but we’re still only at the beginning,” Kennes, the GSA’s research and development and market monitoring officer, said 3 March in Brussels. There are plenty of opportunities for Europe’s innovative small and medium-sized companies (SMEs) to capitalise on the booming global market for satellite-navigation applications, says Boris Kennes of the European GNSS Supervisory Authority ( GSA). ![]()
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