PARSEC is an EU project which aspires to provide start-ups and SMEs with the necessary resources to develop and launch Earth Observation-based products and services into the market.
Accelerator activities were officially launched on May 21st, 2019 in Brussels and will be running for the next 2.5 years. PARSEC will support its applicants through a comprehensive acceleration programme, offering a total of €2.5 Million euro equity-free funding, alongside coaching, training and market entry support. The project focuses on three emerging sectors: food, energy and environment. Through two Open Calls best teams and ideas will be chosen to receive variety of support services, which can be divided into four overlapping groups: knowledge, technology, market, and capital.
- Access to knowledge - providing applicants with training programme, webinars, workshops
- Access to technology - creating and developing three Large Scale Demonstrators available for participants: Big Data Toolbox, In situ data hub, and eoMALL and eoPAGES
- Access to market - organizing matchmaking events and exporting promotion
- Access to capital - €2.5 Million euro equity-free funding for beneficiaries of Open Calls, Investment Readiness Programme, and Regional Smart Specialisation Info Card providing participants with knowledge where to obtain further funding
The first Open Call for teams wanting to take part in the project will start in September 2019! 100 beneficiaries of the 1st stage of the programme will get financial and professional support to develop their ideas and eventually introduce their product onto the market.
The first Open Call for applications, held between September 2019 and January 2020, resulted in 100 winners – #100PARSEC – accessing the first stage. The second Open Call, including the PARSEC Demo Days pitch competition, was held between March and July 2020 and selected 15 winning teams of 2-3 SMEs – #15PARSEC. These SMEs are further working on their solutions during the second stage of PARSEC. The acceleration programme will conclude in October 2021.
Investing in innovative start-ups & SMEs
Meet #15PARSEC – the 15 winning teams of the PARSEC Accelerator Open Call 2 selected by a jury of experts during the pitching competition of the PARSEC Demo Days. From September 2020 until October 2021 these teams will access equity-free funding and the PARSEC second stage business support services to fine-tune their solutions presented below.
Meet #100PARSEC – the 100 SMEs winning the PARSEC Accelerator Open Call 1.
PARSEC Business Catalysts
Beyond facilitating the acceleration process of new marketable solutions, the “business catalysts” developed in PARSEC have been developed to help the greater Earth Observation community to achieve the motto: “Faster, Higher, Stronger”. Thus, as part of the legacy of PARSEC, these tools complement the technology provided by the Copernicus DIAS platforms. PARSEC Business Catalysts support the business models for future EO-based innovation, including – but not limited to – the solutions commercialised through the PARSEC Accelerator. Therefore, even if a company is not taking part in PARSEC, the tools developed by our experts are available for the use of innovative SMEs.
Big value from big data
The Big Data Toolbox allows you to master the use of Earth Observation data and develop innovative services that enable better and faster business decision-making. This suite of tools offers easier access, processing, analysis and storage of EO data.
Read more: https://parsec-accelerator.eu/big-data-toolbox/
Go to the tool: https://mundi.rasdaman.com/
A window to the market
To realise the full business potential of your solution you need to reach out to as many customers as possible. eoMALL and eoPAGES constitute the online access point to EO companies and services.
Read more: https://parsec-accelerator.eu/eomall-eopages/
Go to the tools: https://eomall.eu/ & https://eopages.eu/
Global reach through local intelligence
To build an Earth Observation-based service that offers large added-value to your customers, you will need to have a highly accurate picture of what is happening, when and where. To help you with this, the In situ Data Hub will allow you to combine and effectively use a great variety of local (“in situ”) open data sources. This free and open in situ information is essential for finetuning and enhancing satellite-based observations. It could also become an important data source powering your new service or product.
Read more: https://parsec-accelerator.eu/in-situ-data-hub/
Go to the tool: http://insitu-datahub.draxis.gr/