Aerospace Xelerated welcomes GKN Aerospace back as partner for third programme
by Startacus Admin
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GKN Aerospace continues as partner for the third cohort of Aerospace Xelerated, the programme focused on startups with innovative solutions in the aerospace sector.
Good news for Aerospace Xelerated with the announcement that GKN Aerospace has re-joined as a programme partner for its third year. The programme is being led by industry partner Boeing, who was recently joined by the Ministry of Defence’s Defence and Security Accelerator (DASA) to back startups solving challenges for the aerospace sector.
Aerospace Xelerated will be investing into startups building autonomous and AI solutions that advance the way aircraft are built, from the factory floor all the way to the passenger journey.
Successful startups benefit from an optional £100K equity investment from Boeing and also have access to strategists and technical experts from industry and support in developing proof of concept opportunities. Participants 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.
Commenting on today’s announcement, Susan Schofield, VP Strategy Civil Airframe of GKN Aerospace, said “It is great that GKN Aerospace has signed up to Aerospace Xelerated for the third year. Our role is to be a supporting industrial sounding board for the startups. We believe that the diversity that is coming through from the startups brings different thinking and innovation, which we can build upon.”
Nichola Bates, Managing Partner at Aerospace Xelerated and Head of Global Accelerators and Innovation Programs at Boeing added, “It’s wonderful to welcome GKN Aerospace back as a partner for our third programme. They played a key part in working with our previous cohorts. The team is a true asset to our startup founders and I know they will be a huge benefit to our future cohort.”
The two previous Aerospace Xelerated cohorts have gone on to raise over £50M in additional funding and create more than 100 jobs across the UK. The new cohort will be unveiled in early January 2022 and the programme will then run for 12 weeks, culminating in a Demo Day in late March 2022.
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Published on: 13th December 2021
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