ICEYE Ltd. (natively ICEYE Oy) is a Finnish microsatellite manufacturer. ICEYE was founded in 2014 as a spin-off of Aalto University's University Radio Technology Department and is based in Espoo. The CEO and co-founder of ICEYE is Rafal Modrzewski. In 2015 ICEYE demonstrated that synthetic-aperture radar could be used to monitor hazardous ice features such as pack ice. In the same year on 1 September ICEYE received a €24M grant from the European Union's Horizon 2020 programme for SMEs with the goal "to integrate pilot test and demonstrate the ICEYE SAR system in its final form as a microsatellite in order to attract private investment for launching."