Business Factory Aero (BFAero), the incubator and accelerator promoted by the Xunta de Galiciathrough the Galician Institute for Economic Promotion (IGAPE) and XesGalicia, has launched its 7th edition. The program promotes innovative services and technologies for the aeronautical, aerospace, and unmanned vehicle sectors, attracting new investments and strengthening Galicia’s business ecosystem.
BFAero’s Differentiating Features
The 7th edition of BFAero includes a series of key aspects that make it a unique accelerator within the aeronautical and aerospace sector. Its specialized focus, available resources, and global market connection set it apart from other similar initiatives, providing entrepreneurs with an ideal environment to develop and consolidate their projects.
Its main differentiating features are:
1. Aeronautical and aerospace vertical offering a tailored environment with mentors, resources, and project synergies.
2. Market-oriented approach, with projects designed to solve real problems in the sector, helping them achieve commercial viability.
3. A broad portfolio of advanced tools and resources that enable agile technological development.
4. Support from an open innovation ecosystem. Collaboration with public and private stakeholders in aerospace and unmanned vehicles fosters synergies between projects and institutions.
5. Support across the entire entrepreneurial cycle. BFAero offers three modalities—incubation, acceleration, and consolidation—covering every stage from ideation to business consolidation.
6. International reach. It receives projects from around the world and supports their internationalization, helping them access global markets.
7. Investment attraction. It brings projects closer to public and private investors who can provide development capabilities, collaboration opportunities, and access to new markets.
What Does the 7th Edition Offer?
BFAero provides participating projects with expert mentors in areas such as aeronautics, UAV regulations, intellectual property, business management, and marketing—transforming startups into innovative, viable, and scalable companies within the aeronautical and aerospace sector.
Participants benefit from a unique ecosystem that includes specialized training, expert advice, networking, investor access, and workspaces at the Pazo de Feiras in Lugo, near the Rozas airfield and the Rozas Aerospace Research Center (CIAR). Financial support is also available through grants, participatory loans, and potential equity investments, ensuring sustainable project growth.
The program also provides personalized, tailored guidance through technical and management tutoring, sector collaborations, visibility in media and social networks, and participation in events organized under the program.
Economic and Industrial Impact of Spain’s Best Accelerator
BFAero, named Spain’s best accelerator for the second consecutive year by the Funcas ranking, has shown strong economic and industrial impact in Galicia. Managed by the CEL Foundation (Iniciativas por Lugo), it has supported 58 projects since its launch in 2018, created 15 new technology companies, facilitated the relocation of 13 companies to Galicia, mobilized more than €9.2 million in investment, and helped generate over 230 qualified jobs. The 6th edition closed with a record 110 initiativessubmitted, 57% of which came from national and international entrepreneurs.
Galicia has established itself as one of Spain’s leading aerospace innovation hubs, with a dynamic ecosystem of more than 55 public and private entities—including anchor companies, universities, research centers, sector companies, and investors—working together to drive technological solutions that address industry and societal challenges.
Recently, the Regional Ministry of Economy and Industry launched the Strategic Initiative in Security, Defense, and Aerospace 2025–2030 in collaboration with the entire sector. Its aim is to strengthen Galicia’s current ecosystem and reinforce its production capabilities in this field. BFAero is aligned with this strategy, serving as a lever for the creation and acceleration of new companies.
Pathways and Financing
The program offers three pathways tailored to the maturity of each project:
Incubation: For early-stage projects without a validated value proposition, lasting up to 12 months.
Acceleration: For projects with a developed Minimum Viable Product (MVP) and initial sales, lasting 8 months.
Consolidation: For companies with defined products or services and real sales, aiming to scale their business, lasting up to 6 months.
In the Incubation phase, startups can access up to €40,000 in non-repayable funding through IGAPE. Acceleration projects may receive up to €60,000 in non-repayable funding from IGAPE, along with a participatory loan of up to €50,000, with the option of equity investment through XesGalicia, the Xunta de Galicia’s investment vehicle.
Consolidation-stage companies can access up to €30,000 in non-repayable funding from IGAPE. Additionally, in the context of a financing round, direct equity investment of up to €250,000 may be considered upon request.
Calendar and Phases
The 7th edition of BFAero follows a structured schedule with several key phases, beginning with the call for applications, open until October 30, 2025. Only applications submitted in accordance with the terms, within the deadline, through the appropriate channel, and with the full questionnaire completed will be considered.
Once the application period closes, the selection phase will begin, during which candidates will be evaluated, and the projects admitted to the program will be chosen.
The selected participants will then enter the onboarding phase, with one month to provide required documentation, sign the necessary agreements, and complete administrative formalities for joining BFAero. Once formalized, they will move on to the incubation, acceleration, and consolidation phases.
The startup Kreios Space, a participant in BFAero, founded in 2021 and specialized in very low Earth orbit (VLEO) satellites, has closed an oversubscribed €8 million seed investment round. Led by the NATO Innovation Fund and Join Capital, this marks the largest European funding round for VLEO technologies. The operation also received backing from investors who had already supported the company in its 2024 pre-seed round, including Xesgalicia, Grow Venture Partners, and Tasivia Global.
This is the NATO fund’s first investment in a Spanish company—an important milestone that places Galicia on the European aerospace innovation map and reinforces its strategic commitment to defense and security as engines of highly skilled employment. It represents recognition of the strategy promoted by the Autonomous Community in recent years to establish itself as a European aerospace innovation hub. Initiatives by the Xunta de Galicia such as BFAero, IGAPE’s support for the new vacuum testing center, and the talent fostered at the University of Vigo are key elements of an ecosystem already competing internationally.
Founded in 2021 by Adrián Senar, Jan Mataró, Francisco Boira, Adrià Barceló, Max Amer, and Francisco Bosch, Kreios develops satellites that orbit lower than usual in VLEO, powered by its proprietary propulsion system. Based on Air-Breathing Electric Propulsion (ABEP) technology, this system enables satellites to operate at about 200 kilometers above Earth—an altitude previously deemed impossible due to atmospheric drag. By using atmospheric air itself as propellant, Kreios satellites can remain in orbit for years instead of days, unlocking a new orbital region with far-reaching implications for defense, connectivity, and sovereignty.
VLEO satellites capture images with three times the resolution of today’s satellites, providing benefits in applications ranging from wildfire detection to the protection of critical infrastructure. Their proximity to Earth also enables direct-to-device broadband communications without bulky antennas, paving the way for truly global and resilient connectivity. For Europe and NATO, mastering this technology strengthens operational independence, reduces reliance on the United States, and supports ambitions to build sovereign space capabilities. From Vigo, Kreios Space aspires to become the first company capable of sustaining satellites in VLEO indefinitely.
Galicia on the International Space Map
Kreios Space currently employs 17 people, half of whom are Galician—including some who returned after careers abroad. Eighty percent of its hires are highly qualified engineers and technicians, and the company has seven additional open positions in Vigo.
Institutional support from the Xunta de Galicia has been critical for Kreios Space’s R&D. Adrián Senar, CEO and co-founder, emphasizes: “Xesgalicia has been a key player in our growth. In addition to being one of the first investors in Kreios, it opened the door for us to Galicia’s public and innovation ecosystem. Thanks to that support—which began with the BFAero accelerator, essential for us—we relocated to Vigo and today have our entire technology development center here. This round not only validates our technology, it also proves that Galicia has the talent, capabilities, and institutional backing needed to become a global benchmark in the aerospace sector.”
The company also highlights IGAPE’s support, which co-financed the vacuum chamber installed at its facilities. This infrastructure allows daily testing and iteration of satellites, accelerating technology development and reducing timelines from years to weeks. It is also available to other companies needing to validate projects under vacuum conditions, making it a valuable resource for the regional ecosystem.
Similarly, Galician universities are strategic partners for Kreios, especially the University of Vigo, with which it maintains internship programs, joint development contracts such as the Ícaro Project of the Spanish Space Agency for wildfire detection and prevention via satellite, as well as continuous collaboration for talent training and recruitment.
“Galicia has long been committed to the space sector, with leading companies such as Alén Space and UARX. This milestone is further proof that Galicia’s aerospace hub is positioning itself as a key player internationally,” Senar adds.
The new round, combined with the €2.3 million raised in 2024, will finance the company’s first two test satellites, including the world’s first in-orbit demonstration of an ABEP engine. From there, Kreios will expand toward commercial deployment and the development of constellations dedicated to Earth observation and direct-to-device communications.
The Regional Minister of Economy and Industry, María Jesús Lorenzana, highlighted the role of startups as a viable, innovative, and promising model for Galicia, and underscored the Xunta’s commitment to strengthening its support from all institutional levels.
Lorenzana visited the facilities of Vig-Sec Drone in Nigrán, a startup specializing in drone operational services, training for pilots requiring special skills, and developing software for managing operations supporting security and emergencies. During the visit, she emphasized that the Galician government is working closely with the private sector to realize projects that will transform Galician industry.
Vig-Sec Drone joined Business Factory Aero in 2023 to promote the Suit ACRE (Emergency Restricted Control Area) Suit through the acceleration program. This is an airspace management software that enables the simultaneous use of manned and unmanned aircraft in emergencies such as fires, natural disasters, or military interventions.
The company is currently participating in the sixth edition of BFAero, as part of its consolidation program.
The Regional Minister of Economy and Industry, María Jesús Lorenzana, announced during the conference ‘Galicia’s strategic dialogue with the aerospace, security and defence sectors’, the Xunta’s intention to carry out the first call for proposals by the end of 2025, which will define which companies and technology centres will work together to promote this industry, as well as the investment programmes to be implemented over the next five years.
Lorenzana closed a meeting with companies and entities linked to these sectors, to whom he presented the strategy approved by the Xunta to open a process of strategic dialogue, with the aim of finding out first-hand the real needs in the short, medium and long term in order to adapt the support and investment instruments and thus obtain the best results to promote a security and defence industry in the Community that also includes the aerospace sector.
Industrial potential
The Regional Minister pointed out that the aim is to mobilise all of Galicia’s industrial and technological potential in the field of defence and dual application technologies and to generate a significant demand for products, systems and services, in line with the priorities set by Europe. ‘What the European Commission is asking of governments and administrations is that we work to generate a strong industrial base around the defence sector, which must be considered not as a productive expense but as a strategic investment,’ she said.
In this regard, he stressed that previous analyses carried out for the development of this strategy concluded that Galicia has a high capacity for the manufacture of 75% of the types of components and services required, ‘which gives an idea of the opportunities that our companies will have’, she said.
183M€ in five years
To this end, he specified that 183 million euros will be allocated over the next five years with the forecast of mobilising up to 900 million euros, and with the aim of attracting companies from other strategic areas such as the naval, automotive, metal or ICT to these segments of activity and to materialise new industrial investments.
In terms of financing, a Dual Technologies Investment Fund will be activated in XesGalicia (€40m) to support projects and, within the Igape’s Economic Office, a specific area of business advice will be created.
Lorenzana concluded by encouraging companies and knowledge centres to actively participate. ‘We believe that Galicia is really well positioned to be a target for attracting investment in this sector,’ he stressed.
The director of the Igape, Covadonga Toca, together with the startups selected in the sixth edition of the Business Factory Aero (BFAero) and the driving companies, held a working meeting in the Cidade da Cultura that allowed to detect needs and open new avenues of collaboration.
In addition, during the meeting, representatives of the companies Airbus, Avincis, Telespazio y la UTE Aertec-Tecnobit that are part of the ecosystem, explained the challenges faced by the sector and the lines of innovation in which they focus their resources, with the aim of studying possible synergies with the startups.
Covadonga Toca presented the services of the Galician Economic Office, an agile and personalized point of contact that offers specialized technical attention, operational support and strategic accompaniment in an environment of proximity and trust, especially useful for highly innovative sectors such as aerospace.
Likewise, the director of Igape explained the main lines of support activated this year by the Institute, highlighting the programs aimed at startups, direct loans for strategic projects, support for digital transformation and new tools to promote the international expansion of Galician companies.
The day concluded with a networking space in which representatives of the startups were able to share their proposals and concerns with Igape managers and companies in the sector.
BFAero’s impact
The BFAero, best accelerator in Spain for the second consecutive year, has demonstrated in these years a strong economic as well as industrial impact in Galicia. Since its launch in 2018, it supported 46 projects, contributing to the creation of 11 new technology companies, mobilizing more than 7.5 million euros in investment, and facilitating the creation of more than 220 skilled jobs. The sixth edition closed the call with a record 110 registered initiatives, 57% of which came from national and international entrepreneurs.
Para ofrecer las mejores experiencias, utilizamos tecnologías como las cookies para almacenar y/o acceder a la información del dispositivo. El consentimiento de estas tecnologías nos permitirá procesar datos como el comportamiento de navegación o las identificaciones únicas en este sitio. No consentir o retirar el consentimiento, puede afectar negativamente a ciertas características y funciones.
Funcional
Always active
El almacenamiento o acceso técnico es estrictamente necesario para el propósito legítimo de permitir el uso de un servicio específico explícitamente solicitado por el abonado o usuario, o con el único propósito de llevar a cabo la transmisión de una comunicación a través de una red de comunicaciones electrónicas.
Preferencias
El almacenamiento o acceso técnico es necesario para la finalidad legítima de almacenar preferencias no solicitadas por el abonado o usuario.
Estadísticas
El almacenamiento o acceso técnico que es utilizado exclusivamente con fines estadísticos.El almacenamiento o acceso técnico que se utiliza exclusivamente con fines estadísticos anónimos. Sin un requerimiento, el cumplimiento voluntario por parte de tu proveedor de servicios de Internet, o los registros adicionales de un tercero, la información almacenada o recuperada sólo para este propósito no se puede utilizar para identificarte.
Marketing
El almacenamiento o acceso técnico es necesario para crear perfiles de usuario para enviar publicidad, o para rastrear al usuario en una web o en varias web con fines de marketing similares.
