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

  • Virgin Hyperloop goes to Washington
    March 16, 2021
    Virgin Hyperloop is putting 'Pegasus' on display at the Smithsonian in Washington, DC
  • Digital Recorders wins region-wide contract
    May 17, 2012
    Digital Recorders has been awarded a combined, region-wide contract valued at approximately US$1.2 million by North Carolina’s Triangle Transit Authority (TTA) and Durham Area Transit Authority (DATA), for the company’s automatic vehicle location software and its passenger advisory systems. According to David L. Turney, the company’s chairman and CEO “This region-wide order is unique in that it marks the first time the Digital Recorders automatic vehicle location software is being adapted to enable the shar
  • GE researchers developing at-home refuelling station for NG vehicles
    July 20, 2012
    In what could help fuel widespread adoption of natural gas-powered (NG) vehicles in the US and globally, GE researchers, in partnership with Chart Industries and scientists at the University of Missouri, have been awarded a programme through Advanced Research Projects Agency for Energy (ARPA-E) to develop an affordable at-home refuelling station that would meet ARPA-E’s target of $500 per station and reduce re-fuelling times from 5-8 hours to less than 1 hour. Natural gas prices are at an all-time low and t
  • Smart transport systems investment will continue to grow despite public sector cuts
    May 30, 2012
    The ITS sector is now going through an evolution driven by the maturation of communications technologies and their increasing adoption in major cities worldwide. The widespread availability of high-speed networks, both fixed and wireless, along with the ability to embed intelligence in physical objects throughout the urban environment and the diffusion of mobile devices that can send and receive real-time vehicle or infrastructure information, is driving the adoption of smart transportation systems in citie