The startup Kreios Space has been awarded at the EmprendeXXI Awards as the one with the greatest impact in Galicia. Based in Lugo and with facilities in Vigo, this company dedicated to the aerospace sector participated in the fifth edition of the Business Factory Aero (BFAero) programme, an initiative that is part of the Xunta de Galicia’s accelerator network.
Kreios Space develops sustainable electric propulsion systems for satellites. Its innovative technology, ABEP (Air-Breathing Electric Propulsion), makes it possible to reduce the current orbits in which satellites operate, reducing the cost of missions and the generation of special waste, while increasing the lifetime of this type of vehicle.
Recognition for innovation
The EmprendeXXI Awards highlight the entrepreneurial spirit of the startups that generate the greatest impact in their territory and offer the best solutions to the challenges of the future. Promoted by the Ministry of Industry and Tourism, through Enisa, and CaixaBank, through DayOne, its division specialising in technology companies and their investors, in Galicia they are supported by the Igape.
Kreios Space has been distinguished against 31 other nominations that have been presented in the latest edition of the awards in Galicia. The startup receives a cash prize of 6,000 euros, access to a Moonshot Thinking training programme in collaboration with ESADE and will also travel to Berlin to complete the international accompaniment in an initiative organised with ICEX.
In addition, Kreios Spacie will be able to participate in the Investors Day EmprendeXXI, during which it will be able to maintain contact with the investor ecosystem and companies interested in collaborating with entrepreneurship.
On the other hand, the company will be part of the AlumniXXI community, which has established itself as a meeting point for the exchange of knowledge, ideas and experiences between the founders of the awarded companies throughout the history of the EmprendeXXI Awards. It is an initiative that combines a virtual community and face-to-face meetings that helps to strengthen ties and create synergies between the award winners and the entrepreneurial and innovation ecosystem.
A dynamic innovation ecosystem
Kreios Space, which moved to Galicia after the fifth edition of BFAero, was supported by a team of mentors and experts in the aeronautical, aerospace and unmanned vehicles sector, and gained access to early adopters and customers and to public and private investment entities.
In the last five editions, Galicia has been able to consolidate a dynamic and robust innovation ecosystem with the participation of more than 55 entities that cooperate with the aim of responding to the needs of entrepreneurs in the aerospace and aeronautics industry, weaving a network of collaboration for the promotion and scaling of disruptive technologies that solve the challenges of companies and society.
The industrial footprint generated by the BFAero is reflected in three areas. Along with the creation of new companies, 46 in total since 2018, the programme has driven the consolidation of a benchmark operator in the sector, as is the case of Aeromedia, and has also led to the transfer to Galicia of the headquarters of startups such as Kreios Space and FuVex.