September 27, 2021-
Aerospace Xelerated has today announced that MOD has joined as a programme partner. Applications are currently open for its third cohort, with the programme being led by industry partner Boeing.
DASA finds and funds innovation to support UK national security quickly and effectively, and support UK prosperity. On behalf of the MOD, DASA will support startups by providing insights from and access to front line commands, aligning them with the MOD’s interest in national security and innovation priorities.
Anita Friend, Head of DASA, commented:
“The MOD is keen to understand how early engagement between start-ups and MOD in programmes such as this can lead to improved outcomes for Defence and for the companies involved. By partnering in Aerospace Xelerated and helping the companies understand the needs and opportunities provided by Defence, we hope to accelerate our own learning as well as theirs.”
Nichola Bates, Managing Partner at Aerospace Xelerated and Head of Global Accelerators and Innovation Programs at Boeing commented:
“As a programme, we’ve already been fortunate enough to work with the DASA team as mentors and experts, and I’m delighted they’ve joined as the lead for MOD’s partnership in our third year. They bring not only their expertise to our cohort but also provide access to wider MOD capabilities. There is a great opportunity for startups applying to our programme to learn from the team and make valuable connections that will make a difference to their businesses. We’ve had applications from all over the world so far, and we’re encouraging startups to get applications in early before they close on October 8th!”
Aerospace Xelerated will be investing in startups building autonomous and AI solutions that advance the way aircraft are built, from the factory floor all the way to the passenger journey.
The two previous cohorts have gone on to raise £20M in additional funding and create over 100 jobs across the UK. Organisations to work with past cohorts as partners or mentors include GKN Aerospace, Rolls-Royce, PWC, Chevron Technology Ventures and EasyJet. Further programme partners will be announced in the coming weeks.
Startups accepted on the programme will benefit from an optional £100k equity investment from Boeing. They will also have access to strategists and technical experts from the industry and support in developing proof of concept opportunities.
Through Aerospace Xelerated, startups will be introduced to a network of angels, venture capitalists and the wider aerospace industry, throughout the 12-week programme and wider ecosystem events. Successful companies will also receive mentoring from a global network of experienced entrepreneurs, mentors and investors, plus over £100k in programme perks from partners including startup providers Google, Amazon, Stripe, Digital Ocean and many more.
Aerospace Xelerated is looking for startups across the following areas; assured autonomy; autonomous navigation; generative design; smart maintenance; adaptive learning; reduced workload and Aerospace AI Applications. Companies must be late seed-stage, software only, and working with AI or autonomous technology.
Source : Ministry of Defence (United Kingdom)
Publish date: January 2018 - Pages: 193