The European Space Agency (ESA) is launching a funding opportunity for the development of space-enabled predictive maintenance services. Areas of interest for the funding include oil and gas, as well as manufacturing, railways, automotive & connected cars, maritime, aerospace and construction.
Space-enabled predictive maintenance
Predictive maintenance techniques determine the condition of in-service equipment to predict when maintenance should be performed, thereby minimising disruption of normal system operations. This leads to reduced downtime and therefore substantial cost savings and higher system reliability.
Machine learning and Industrial IoT are the backbone of efficient predictive maintenance. The exploitation of space-based data in combination with those technologies can be of substantial value and open new opportunities to develop applications related to predictive maintenance. The European Space Agency offers technical support and funding to companies developing innovative and commercial space-enabled services for predictive maintenance.
The opportunity on offer from ESA in this call includes:
- zero-equity funding, up to €60k per activity
- technical and commercial guidance
- access to ESA’s network and partners
- brand credibility
What ESA is looking for
In oil and gas, key areas of interest in the call include: remote condition monitoring, digital twins of offshore equipment for diagnostics, impact assessment and training. ESA say they are looking for:
- motivated teams with business and domain expertise
- attractive market opportunities and customer engagement
- commercially viable service concepts
- technical feasible solutions enabled by space
The opening date for applications is 9 December 2019, with a closing date of 31 January 2020.