PARSEC

Programme
PARSEC is a business accelerator supporting the creation of new Earth Observation (EO) based products and services.

Objective
The accelerator targets SMEs, start-ups, entrepreneurs and researchers who want to have an impact on the emerging Food, Energy and Environment sectors. With the support of PARSEC, their ideas will be developed into solutions fuelled by the benefits of Earth Observation.
The holistic two-stage acceleration programme will distribute a total of €2.5 Million equity-free funding to 100 beneficiaries, alongside other key resources (coaching, matchmaking, promotion) needed to develop and launch 15 new products and services into the global market.

Partners
PARSEC is brought to you by nine partners from seven European countries – Belgium, Germany, Greece, Lithuania, Poland, Serbia and Spain with the following partners: EARSC (coordinator), AVAESEN, Biosense, Bwcon, Draxis, Evenflow, Eversis, Geomatrix and Rasdaman.

Funded by
EASME, Comisión Europea, INNOSUP Horison2020
Status: PARSEC programme began in May 2019. The acceleration programme will conclude in October 2021.

Results
In the first call, 348 applications were received, out of which 70 are from Spain. 13 of the 100 selected are Spanish; 4 of the 15 consortia selected to receive 100k€ and to be accelerated include Spanish SMEs.