In spring Airbus Defence and Space invited international start-ups to join the Airbus GEO Challenge and present their innovative answer to the question: How to create new added value services, primarily based on Airbus satellite data?
More than 130 projects from five continents were ready to take on the challenge, focusing on themes identified as important topics for the global population, ranging from forestry and agriculture to smart cities and maritime.
And the winner is…: Orbital Witness. The British start-up proposes to use satellite imagery to provide a new perspective for legal due diligence in real estate. In real estate practice, carrying out searches about a property costs valuable time for law firms. Orbital Witness provides historic satellite imagery alongside property, land, and ownership data to assist lawyers in the real estate due diligence process. For more complicated matters, Orbital Witness will use automated techniques to analyse satellite images and innovate in real estate practice. The key point that clinched it for the jury was the real complementarity business in a relatively untapped market with potential big scalability.