Madrid / Spain Challenge

PRIZE 2018

The winner of the Madrid/Spain Challenge can benefit from an extensive prize package:

  • Travel grant (covering the travel and accommodation expenses) to the Space Oscars – the Galileo Masters Awards Ceremony 2018 – taking place on 4 December 2018 in Marseille, France in line with the EU Space Week. There, the winner will be in the run for the Galileo Masters Overall Prize!
  • Access to experts in the madri+d Official Mentoring Network. Specific needs will be identified in the winner project and a mentor (or mentors) will be assigned to help solve its challenges.Invitation to apply for admission to the European Space Agency’s Business Incubation Centre (ESA BIC) Madrid Region, and eligibility for an additional EUR 50,000 in incentive funding from ESA and local partners for product development.
  • Business incubation package sponsored by Fundación para el Conocimiento madri+d valued at EUR 5,000
    • Access to public-private funding (venture capital, business angels, etc.). As part of the financial support foreseen, the winner will be invited to participate in the investor days organized periodically by madri+d.
    • Access to expert advice, including IPR/patent consulting
    • Access to madri+d Networking events
    • Training in management skills to help get your business off the ground, such as marketing and sales, funding, legal issues, and pitching
    • Dedicated coaching, i.e. in developing a business or growth plan
    • Media coverage
  • Access to tailored E-GNSS Accelerator business support worth EUR 62,000 (if eligible)
  • An extra EUR 10,000 cash prize if your idea gets selected as Galileo Masters 2018 Overall Winner



  • Region
    Madrid / Spain

    The Community of Madrid, a perfect place for entrepreneurship based on satellite navigation and Earth observation.

    It accounts for around 92% of the country’s aerospace activity, both in terms of direct employment and turnover. The space-industrial landscape in the Madrid region is also well diversified, featuring components suppliers, specialised engineering, major component integrators, and satellite service providers. Comunidad de Madrid has a population of some 6,480,000 citizens, most of whom are concentrated in the city of Madrid. The region maintains its economic leadership by increasing its attractiveness as a headquarters for not only domestic and foreign companies, but students and entrepreneurs, as well. The Madrid region is also home to a large number of public and private universities and boasts Spain’s highest level of investment in R&D. In 2012, it invested EUR 3.434 billion – 1.8% of the region’s GDP – in such efforts, representing 25.6% of total R&D investment in the country.
    Source: Office for National Statistics (INE), Office for Regional Statistics (IME)

  • Regional Organiser
    Madri+d Foundation

    The Madrimasd (madri+d) Foundation is an instrument used by Comunidad de Madrid to support the creation and early consolidation of new technology-based firms.

    Since 2002, Madrimasd has aided the foundation of more than 460 of these new companies, from the inception of their business models to the effective deployment of their activities. Here, the foundation leverages its strong ties with other initiatives of universities, science and technology centres, and science parks. The newly founded firms, meanwhile, have generated more than EUR 150 million in total turnover and directly created more than 2,800 highly skilled jobs while achieving an 83% survival rate. Madrimasd works very closely with its network of university, incubation science, and entrepreneurial institutions to improve the conditions for science-based entrepreneurship. This includes a wide variety of dissemination activities in the region.

  • Regional Partner
    ESA Business Incubation Centre (BIC) Madrid Region

    Launch your business with space!

    The ESA BIC Madrid Region is managed by Fundación madri+d and supported by the Regional Government of Madrid. The objective of the ESA BIC is to support selected entrepreneurs with comprehensive commercial and technical assistance to help them jump-start their business.

    ESA BIC Madrid Region is the Business Incubation Centre of the European Space Agency (ESA) and the Community of Madrid, coordinated by the madri+d Foundation, which provides funding, business and technical assistance to entrepreneurs (incubatees) in order to set up their business using space technology for general non-space industrial, scientific and commercial uses (spin-off) or using non space technology for proposing products and services for the space sector (spin-in).

    The ESA BIC Madrid Region is 50% co-financed by ESA and by the Regional Ministry of Economical Affairs, Employment and Treasury. ESA funding has been guaranteed through the Spanish Delegation at the ESA, consisting of the Ministry of Economy, Industry and Competitiveness through its General Secretariat of Industry and Small and Medium Enterprises, and the Centre for the Development of Industrial Technology (CDTI).

    Regional and national partner institutions include: Madrid Aerospace Cluster, Madrid Aeronautical and Space Platform (MPAE), facilitating access to more than 50 partner companies; the Spanish Official Association of Telecommunication Engineers (COIT) with more than 12,000 members and the National Institute of Aerospace Technology (INTA). Business incubation is offered at four technology houses promoted by five of the most renowned public universities and by S&T Centers, with offices and laboratory space for entrepreneurs: UPM PCMUC3M and  URJC.

    Colegio official de Ingenieros de Telecomunicatión (COIT)

    The Official College of Telecommunications Engineers (COLEGIO OFICIAL DE INGENIEROS DE TELECOMUNICACIÓN - COIT) is a national publicly registered entity whose main goals, as delegated by the Government are; the organization of how Telecommunications engineers perform their profession, the exclusive representation of said profession and defending the professional interests of its members, while promoting the advance and availability of all techniques of said profession.

    Since its inception in 1967, COIT has been undertaking a multitude of efforts aimed at reinforcing the professional competence of the engineers it represents as well as establishing its place in society as a whole, while acting as the profession’s legal representative and a fundamental instrument in the current and future development of telecommunications and the Information Society.


  • E-GNSS Accelerator Partner
    European Commission

    The prize pool is co-financed by the European Commission’s DG Grow. The aim of the “E-GNSS Accelerator” is to foster the market uptake of Galileo/EGNOS and high technologies in EU28, the EEA and ENP countries.

    The prize pool is co-financed by the European Commission’s DG Grow. The aim of the “E-GNSS Accelerator” is to foster the market uptake of Galileo/EGNOS and high technologies in EU28, the EEA and ENP countries.


Madri+d Foundation
Mr Eduardo Díaz Sánchez
+34 (0) 91 7816570