ICEYE secures major state support for €250 million tech expansion

Finnish space and defence technology firm ICEYE will invest over €250 million in new product development, backed by a €41.1 million grant and loan from Business Finland. The funding, one of the agency’s largest ever for a single company, will accelerate ICEYE’s R&D work and strengthen Finland’s standing in European aerospace innovation.

The investment programme focuses on expanding ICEYE’s sensor technologies, with development branching into high-resolution optical imaging and ground-based radio signal detection.