PARSEC – Promoting the internAtional competitiveness of European Remote Sensing companies through Cross-cluster collaboration
Implementation period: 01/05/2019 - 31/10/2021
GA number: 824478
Type of Project: Horizon 2020
Internet presentation: https://parsec-accelerator.eu/
Project aim: PARSEC will particularly contribute to the establishment of new value chains bustling with innovative SMEs that can translate the large public investments in the Copernicus program and numerous sector-specific initiatives (related to food, water, energy, climate change, biodiversity, etc.) into applications and services meeting user needs and market demands, for the benefit of European economy and society.
About the project: Emerging industries, as high-potential growth sectors in early-stage development, can be effectively supported by cross-sectoral cluster-facilitated innovation towards the creation of new value chains and the opening of new markets. Information derived from Earth observation has been widely proven to improve productivity (e.g. reduced fertilizer, pesticide, water, labor inputs in precision agriculture), outputs (e.g. solar farm yield), and eco-friendliness (e.g. carbon footprint monitoring of industrial activities) in the emerging food, energy, and environment industries.
In designing, developing, and delivering sustainable services that meet the needs of these industries, European SMEs need to be supported in accessing knowledge, capital, technology, and markets. Recognizing this need, PARSEC aspires to build a cross-sectoral/cross-border ecosystem whereby SMEs and innovative start-ups will gain: access to knowledge (provision of a holistic portfolio of support services, including market, technology, and investment training/ information as well as tailored coaching support); access to technology (through three large scale demonstrators, acting as enablers for the development of new EO-based products/services); access to capital (an innovative selection and funding scheme to ensure selection of high-potential ideas); market access (incl. cross-border and cross-sectoral matchmaking, investment readiness, export promotion).
This project has received funding from the European Union's Horizon 2020 research and innovation program under grant agreement No. 824478.