Skip to main content

Innovation prize for satellite navigation system business ideas

As part of the European Satellite Navigation Competition (ESNC) 2012, the European Space Agency (ESA) is offering an Innovation Prize for the best business idea based on the use of satellite navigation systems. The agency is looking for ideas for applications that exhibit significant market potential and can be implemented shortly. The winner will receive €10,000 (US$12,940) and the chance to realise their idea at a European business incubation centre. Anyone with an innovative business idea for using sate
May 10, 2012 Read time: 1 min
RSSAs part of the European Satellite Navigation Competition (ESNC) 2012, the European Space Agency (2131 ESA) is offering an Innovation Prize for the best business idea based on the use of satellite navigation systems. The agency is looking for ideas for applications that exhibit significant market potential and can be implemented shortly. The winner will receive €10,000  (US$12,940) and the chance to realise their idea at a European business incubation centre. Anyone with an innovative business idea for using satellite navigation that can be realised in short order can enter the competition until 30 June 2012 at www.galileo-masters.eu.

For more information on companies in this article

Related Content

  • US to stage two-day summit on traffic incident management
    June 14, 2012
    The US Federal Highway Administration (FHWA) will host a two-day summit on 26-27 June on advancing the culture of traffic incident management (TIM) throughout the country. US Department of Transportation (USDoT) Secretary Raymond LaHood and Federal Highway Administrator Victor Mendez will welcome the group and provide opening remarks demonstrating the commitment of FHWA and USDoT senior executives in support of safe, quick traffic incident responses on the nation's roadways. Those attending this summit incl
  • Europe’s satellite projects ‘late and over budget’
    February 3, 2016
    The French court of Auditors has found that the European satellite navigation programmes, Galileo and EGNOS (the European Geostationary Navigation Overlay Service), the European satellite navigation programmes, will cost the EU more than US$14 billion over the period 1994-2020, says Euractiv. The delayed projects were originally allocated a budget of US$5 billion, according to the auditors. Galileo will cost a total of US$11 billion. Half of this amount had already been spent by the end of 2013. The C
  • GPS navigation app raises over $3 million from investors
    July 18, 2012
    Navmii Holdings, a UK headquartered provider of GPS navigation mobile apps, has received £2 million (US$3.13 million) from investors as part of its current funding round. Since launching in late 2009, the company has registered more than 8.2 million users and says it is growing at a rate of more than 550,000 users a month. The Navmii apps (Navmii and Navfee) have achieved the no.1 position on the Apple Apps store in the navigation category in many key markets including the UK, US, Canada, France, Germany, I
  • Terrestrial solution to stellar shortcomings
    December 5, 2013
    Inherent weaknesses in satellite communications are leading several countries to re-evaluate terrestrial-based backup systems. There is a tale frequently told in satellite navigation circles, of how landing systems at Newark Airport were disrupted by a truck driver using GPS jamming equipment as he drove along the New Jersey Turnpike. While there was no threat to flight safety as the interference to GPS reference stations being tested, the story highlights how apparently benign threats have the potential t