Improving the return on R&D investments
Cassini Hackathon 2022
Cassini Hackathon

4th Hackathon Cassini: Space for the Financial World

Taking place between the 4-6th November 2022, “Space for the Financial World” will be held online and in-person at 10 locations in Europe.

In Spain, the event will be hosted by three co-organisers: Fundació Privada Knowledge Innovation Market (KIM), the Chamber of Commerce of Barcelona, and the Institute of Space Studies of Catalonia (IEEC).

The Escola d’Enginyeria de Telecomunicació i Aeroespacial de Castelldefels (EETAC – UPC) will host the Barcelona edition.

It’s an exciting opportunity for entrepreneurs, coders, and business specialists to collaborate on their first space project – with a €1,500 prize fund as well as mentorship packages to be won.

How Can EU Space Data Benefit the Financial World?

Could Earth observation and GNSS technologies provide solutions to some of the current challenges in insurance, investment, and financial services?

At the 4th CASSINI Hackathon, competing teams will be tasked to create products and services for the finance industry using EU Space data.

Utilising EU Space data

Space is here – and the CASSINI Hackathon series invites participants to make use of the extraordinary data, signals and information from the EU Space Programme, including Copernicus, Galileo and EGNOS. Hackathon competitors will use Earth observation and GNSS technologies to develop their own innovative solutions for one of three challenges:

  1. Enabling green and sustainable investment. How could you leverage European Space data, information and signals to support sustainable, impactful investments? We’re looking for tools to assist with sustainable operations, carbon offsetting and socially responsible investing.   
  2. Innovating financial tools and technologies. This challenge invites participants to build solutions for the future of insurance – creating services and products that support traceability, claims assessments, and agile insurance.   
  3. Advancing global financial intelligence. The physical movements of buyers and commodities could be leveraged to offer refined intelligence and mitigate risks for investors, insurers, and government agencies. How would you use EU Space data to advance market intelligence? 

Opportunities in a high-growth market 

Fiammetta Diani,Head of Market Downstream and Innovation at EUSPA (European Union Agency for the Space Programme), can’t wait to see this year’s projects: 

Image: Fiammetta Diani © Space Girls Space Women  (Spacewomen.org)

 “The 4th CASSINI Hackathon is an exciting opportunity for European entrepreneurs; it’s always a great event, and I’m looking forward to the new wave of ideas.

The EU Space Programme and its flagships Copernicus, Galileo and EGNOS offer huge potential to develop new solutions in insurance and finance.

Space data integration goes hand in hand with the sectors’ digitalisation, enabling sustainable investment, new and innovative financial tools and technologies, and more accurate market intelligence.With this sector expected to become the largest contributor to global EO revenues by 2031, it is really an exciting area for innovation.

We are looking forward to seeing how participants take up the challenge and seize this unique opportunity to engage with EU space technologies.” .

Fiammetta Diani, Head of Market Downstream and Innovation at EUSPA EUSPA

Prizes (Barcelona Edition) 

The top three winning teams at the 4th CASSINI Hackathon in Catalonia will receive cash prizes worth a total of €1,500 and mentoring packages to guide them through technical development, legal rights, and internationalisation.


About the Organiser

Fundació Knowledge Innovation Market Barcelona - KIMbcn
Cambra de Comerç de Barcelona
IEEC

The Spanish edition of the 4th CASSINI Hackathon is run by three organisations who have already demonstrated a commitment to space technology.

The Fundació Privada Knowledge Innovation Market promotes the development of space technology, scouting the most forward-thinking solutions.

The Chamber of Commerce of Barcelona has recently established a Commission for Space and  Aeronautics to promote and connect space entrepreneurs.

Finally, the Institute of Space Studies of Catalonia fosters space research, innovation and the sector’s competitiveness, particularly as promoter of the New Space strategy of Catalonia.   

From the organisers: “Barcelona and Catalonia have a growing and expanding new space economy ecosystem. Join us in our buzzing innovation environment to collaborate with trailblazing experts and institutions.” 


More information:

 

Jordi Gasset · Project Manager

jgasset@kimbcn.org · +34 93 266 71 38

Jordi Gasset
Knowledge Innovation Market - KIM