It's a wrap on the 4th CASSINI Hackathon!

Participants got to apply their skills and knowledge to solve global challenges and make a positive impact! 

We were looking for determined innovators with a passion for developing sustainable solutions and we were not disappointed! No previous space experience was required. Participants from all backgrounds chose their challenge of interest and leveraged EU space technologies to contribute to the future of finance, insurance, and investments! See how they got involved:

Apply as a participant
Register before
deadline
Join the Big Ideas Campaign
Join the Big Ideas Campaign
Form a team
Form
a team
Hack your way to success
Hack your way
to success
during the hackathon

Explore our most recent theme and challenges

For the 4th CASSINI Hackathon we capitalised on the potential of the financial sector with the use of EU space technology! Participants were challenged to develop new products and services that contribute to the future of finance, insurance and investments.

The EU, alongside regional and national governments, called for their ingenuity to help advance the digitalisation and greening of the European financial sector. As teams, participants applied their innovative minds to create sustainable solutions that propelled this key sector into the future.

The hackathon was open to anyone passionate about entrepreneurship, financial services, and EU space technologies. Allowing them to take on the challenge of their choice using one or a combination of the following tools:

  1. Geospatial information from Copernicus Earth observation data and its services
  2. Satellite positioning and navigation services from Galileo & EGNOS
  3. Emerging digital technologies (e.g. machine learning, augmented/virtual reality, blockchain)

Compare our three finance-related
challenges below:

Challenge #

Enabling green and sustainable investments

In today’s world, investors increasingly apply an ESG framework (environmental, social, and governance criteria) to identify material risks and growth opportunities. By filtering their results using an SRI approach (socially responsible investing), investors can further narrow down their options to those companies engaged in ethically sound practices. Companies also have the opportunity to work toward carbon neutrality and offsetting their carbon footprint. In relation to our natural world, this could translate to protecting and investing in Earth’s carbon sinks (oceans, forests and soils) and carbon emissions trading.

This challenge called on tomorrow’s innovators to develop products, devices, or services to enable green, sustainable and impactful investments. Ensuring the leverage of European space data, information and signals from Copernicus and Galileo to bring their concept to life. We encouraged participants to explore the areas of:

  • Social or environmental impact investing
  • ESG and SRI-focused portfolio development
  • Sustainable business operations
  • Carbon offset trading

Challenge #

Innovating financial tools and technologies

As the threat of natural disasters rise, many companies are finding their competitive advantage through improved data tools. Satellite-based EO data and GNSS timing and positioning information are valuable to this sector. Satellite imagery, for instance – used in parametric (or index-based) insurance solutions – can help protect vulnerable populations and natural ecosystems against natural disasters. In addition, clients and insurers can benefit from refined risk modelling and new index products. Lastly, financial institutions can rely on secure digital tools that leverage timing and synchronisation enabled by GNSS technologies.

This challenge called on tomorrow’s innovators to develop products, devices, or services that create new or improved forms of insurance and financial tools for businesses and consumers. Ensuring the leverage of European space data, information and signals from Copernicus and Galileo to bring their concept to life. We encouraged participants to explore the areas of:

  • Traceability for banks and financial institutions
  • Claims and damage assessment
  • Risk modelling and risk assessment
  • Novel and innovative insurance products
  • Index production
  • Financial software or mobile applications
     

Challenge #

Advancing global financial intelligence

Many factors contribute to the volatility of stock markets and the financial risk of individual companies. Those that are commodity-based and heavily influenced by mother nature, supply and demand, and availability of storage and transportation are most susceptible. Luckily, we can monitor and predict economic performance of consumer-based industries by analysing the physical changes of assets on the ground. By harnessing the power of EU space technologies, investors, insurers, consumers, and governments can make data-driven decisions that reduce risk and exposure to uncertainties and enable the development of sound financial strategies.

This challenge called on tomorrow’s innovators to develop products, devices, or services to advance global market intelligence. Ensuring the leverage of European space data, information and signals from Copernicus and Galileo to bring their concept to life. We encouraged participants to explore the areas of:

  • Commodities trading
  • Stock market intelligence
  • Financial risk reduction

The hackathon locations

The 4th CASSINI Hackathon took place simultaneously across 10 different locations on 4-6 November 2022. Use the interactive map below to discover the locations!

  • Organised by:

    EY Advisory Services

    Antwerp, Belgium

    EY Advisory Services
  • Organised by:

    Insane Business Ideas

    Prague, Czechia

    Insane Business Ideas
  • Organised by:

    Ultrahack

    Espoo, Finland

    Ultrahack
  • Organised by:

    ISU - International Space University

    Strasbourg, France

    ISU - International Space University
  • Organised by:

    N3XTCODER

    Germany

    N3XTCODER
  • Organised by:

    Fondazione E. Amaldi

    Turin, Italy

    Fondazione E. Amaldi
  • Organised by:

    Startup Division

    Vilnius, Lithuania

    Startup Division
  • Organised by:

    Venture Factory

    Maribor, Slovenia

    Venture Factory
  • Organised by:

    Fundacio Privada Knowledge Innovation Market BCN

    Barcelona, Spain

    Fundacio Privada Knowledge Innovation Market BCN
  • Organised by:

    Space4Impact

    Lausanne, Switzerland

    Space4Impact

The hackathon locations

The 4th CASSINI Hackathon took place simultaneously across 10 different locations on 4-6 November 2022. Use the interactive map below to discover the locations!