Two Irish companies, Davra and Treemetrics, have been awarded co-funding under the European Space Agency's Earth Observation programme, with a total value of over €3 million.

It is part of Ireland’s investment in the 'InCubed' programme, which supports the development of new commercial earth observation products.

Davra is an industrial 'Internet of Things' company and has secured a contract with the European Space Agency (ESA) to demonstrate the feasibility of combining data for use in the monitoring of mine tailings.

Treemetrics was awarded a two-year ESA contract, that will see it utilising satellite imaging, data analytics and its advanced forest measurement technology to provide more accurate forest carbon credit estimates.

The news was announced as ten Enterprise Ireland supported companies visited ESRIN, the European Space Agency’s Centre for Earth Observation in Italy.

The aim of the visit is to maximise business opportunities for Irish companies and drive greater awareness of the Earth Observation programme.

"Ireland has a strong tradition of entrepreneurship in many sectors and, as our industry representatives in Italy show today, New Space is no exception," said Damien English, Minister of State for Business, Employment and Retail.

"I encourage relevant companies in Ireland to identify potential opportunities for collaboration with public sector partners, and moreover, to work together to show that satellite derived data can provide timely information, important for supporting the delivery of many public service monitoring and control activities," he added.