ATI Boeing Accelerator Opens Call for Sustainability Startups
by Startacus Admin
Sustainability startups that will benefit the UK aerospace industry currently being sought by the ATI Boeing Accelerator for its second cohort...
Applications are now open for the second cohort of the ATI Boeing Accelerator which will invest into sustainability-enabling startups that will benefit the UK aerospace industry. Launched in 2019, the accelerator was created in partnership by the Aerospace Technology Institute and Boeing, and is delivered by European accelerator Ignite.
The startups participating in the first cohort have already raised a further £6M in funding, as well as creating 30 new jobs. Successes include Circulor, a startup that helps businesses demonstrate responsible sourcing through supply chain traceability, Filament whose AI-based software detects and repairs defects in aircraft parts and Intellegens, the artificial intelligence (AI) company with a unique deep-learning algorithm.
The current call for applications seeks companies from around the world and eligible seed and Series A startups have until 27th September to apply. The three-month programme will begin in January 2021 and is expected that 8 to 10 companies will be invited to join Cohort Two.
The ATI Boeing Accelerator will invest into sustainability-enabling technologies that are relevant to aerospace and connected industries. Its three areas of focus are;
Industry 4.0
- Reduce Time to Market
- Materials and Manufacturing
- Sustainable Life Cycle
- Operational Resilience
Energy
- Battery and Fuel Systems
- Energy Management
Benefits for successful startups will include:
- Possible £100,000 equity investment from Boeing HorizonX Global Ventures
- Direct access to ATI, Boeing, and GKN Aerospace strategists and technical experts
- Mentoring from a global network of experienced entrepreneurs, mentors and investors
- Access and introductions to a network of angel investors, venture capital firms and the wider aerospace industry during the programme and ecosystem events.
Gabi Matic, Programme Director at ATI Boeing Accelerator, commented: “Aerospace looks very different as we head into the second year of our programme. COVID-19 has had a big impact on the state of air travel, and we have seen unprecedented change. This provides an opportunity for startups developing technology that can make a huge difference to aerospace businesses and related industries, and gives them a chance to really grab the attention of sectors looking to innovate.”
Brian Schettler, Boeing HorizonX Global Ventures, Senior Managing Director, commented: “Boeing’s global accelerator programs are designed to help early-stage startups establish relationships with global aerospace companies, raise follow-on funding from the investment community and engage with industry experts to solve problems that the aerospace industry is facing. We’re thrilled to be involved in this program again and are excited to see how the accelerator builds on the companies’ existing capabilities and their ability to impact aerospace with their innovation.”
If you’re interested in applying or would like additional info, simply check out the ATI Boeing Accelerator site.
Best of luck to all who do!
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Published on: 1st September 2020
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