Advancing UK Aerospace, Defence, Security & Space Solutions Worldwide
  • Home
  • /
  • Aerospace
  • /
  • Aerospace Xelerated unveils 'always on' accelerator programme model

Aerospace Events

Aerospace Xelerated unveils 'always on' accelerator programme model

Aerospace Xelerated has announced a new model for its Boeing-led accelerator programme – the 'always on' innovation approach – which will deliver more significant benefits and impact to participating startups, corporate and government stakeholders.

Above: The Aerospace Xelerated Summit, Dubai, 9th November 2023. Following the successful graduation of their latest cohort earlier this year, Aerospace Xelerated partners with Tawazun Council for a second year to support the evolution of the innovation programme.
Courtesy Aerospace Xelerated

Advertisement
Cranfield

Aerospace Xelerated has announced a new model for its Boeing-led accelerator programme – the 'always on' innovation approach – which will deliver more significant benefits and impact to participating startups, corporate and government stakeholders.

Following the successful graduation of their latest cohort earlier this year, Aerospace Xelerated partners with Tawazun Council for a second year to support the evolution of the innovation programme. With the new 'always on' model, the programme will now run year-round, with Aerospace Xelerated scouting, selecting and matching two to three startups each quarter with corporate and government partners to solve clearly defined innovation challenges affecting their organisations.

Each startup will receive up to £200,000 in funding to execute a proof of concept (PoC) contract if selected. Proof of concept contracts are preliminary agreements that demonstrate the feasibility of a concept or idea to validate its potential before committing to a full-scale implementation or investment. The startups will also have the option of receiving a total of £200,000 Simple Agreement for Future Equity (SAFE investment) from Boeing and Tawazun and perks valuing more than £100,000 from partners, including Oracle, Amazon, HubSpot, Digital Ocean and many more.

Jacqueline Davidson (above), Programme Director for Aerospace Xelerated said: "The opportunity to work on a fully funded proof of concept project will allow selected startups to develop, refine and validate their product or service solution with an established industry partner.

"This will provide startups credibility and open the door to additional funding opportunities and business prospects. Likewise, collaborating corporate and government organisations will benefit from bringing tech innovation in-house to affordably, efficiently and effectively solve real challenges that their organisations are facing."

Until now, Aerospace Xelerated selected an annual cohort of startups working on solutions to key industry challenges. Earlier this year, Tawazun Council partnered with Aerospace Xelerated to support the fourth cohort focused on digital services and solutions related to flight and passenger journey optimisation, supply chain intelligence, next-generation workforce and operational efficiency. The 11 selected startups were offered a tailored accelerator curriculum, investment of approximately £200,000 and connection with a global network of mentors and investors from the aerospace industry.

Advertisement
ODU RT

Majed Saif Al Shamsi, Director Economic Programme at the Tawazun Council reiterated: "Tawazun Council is committed to fostering innovation as we work to advance industry in the UAE. Tawazun Council initiatives and investment in the aerospace industry have driven robust demand for business partnerships and helped the UAE foster an ecosystem regionally. By partnering with Aerospace Xelerated on this new initiative, Tawazun provides hands-on support for startups, corporate and government stakeholders to drive industry innovation locally and overseas."

Since 2019, thanks to the support of industry partners, including Tawazun Council, Boeing-led Aerospace Xelerated has helped 40 tech startups across 14 countries and 12 industries access critical investment, mentorship and support. Aerospace Xelerated portfolio companies have raised over £200 million in funding on top of Boeing’s initial investment and have created more than 750 jobs in the UAE and beyond. Many global organisations have worked with participant companies as partners or mentors, including Etihad, GKN Aerospace, Rolls-Royce, KPMG, PWC, Frazer-Nash, Chevron Technology Ventures and easyJet.

 

 


 

Advertisement
TT Electronics LB TT Electronics LB
Air bp to demo myairbp at EBACE

Aerospace

Air bp to demo myairbp at EBACE

24 May 2024

Air bp is returning to the European Business Aviation Convention and Exhibition (EBACE) in Geneva, 28th-30th May, to demonstrate the latest iterations to its customer portal for business aviation, myairbp and share insights on the role of Sustainable Aviation Fuel (SAF) in helping to lower lifecycle carbon emissions.

Farnborough International partners with The Future Business

Aerospace Defence Space Events

Farnborough International partners with The Future Business

23 May 2024

Farnborough International has partnered with The Future Business to offer a series of career events across its portfolio to inspire the next generation of aerospace, defence and space pioneers.

AMETEK MRO consolidates business jet capabilities in Europe

Aerospace

AMETEK MRO consolidates business jet capabilities in Europe

23 May 2024

Provider of aviation maintenance, repair, and overhaul (MRO) services, AMETEK MRO, is consolidating its business jet component MRO capabilities in Europe to support the rapid expansion of the business aviation sector worldwide.

FANUC to showcase advanced automation solutions at FIA2024

Aerospace Events

FANUC to showcase advanced automation solutions at FIA2024

23 May 2024

Factory automation specialist FANUC UK will showcase a suite of next-generation automation solutions at the Farnborough International Airshow (FIA2024), 22nd-26th July, which is aimed at enabling higher rate aircraft and aerospace manufacturing.

Advertisement
Cranfield
Unison Ltd launches new website

Aerospace Defence

Unison Ltd launches new website

23 May 2024

Scarborough based manufacturer of tube bending machines and the inventor of ultra-precise all-electric tube manipulation, Unison Ltd, has launched a brand-new website that has been specially created to better reflect its considerable product offering.

Stansted Airport partners with London Stadium

Aerospace Events

Stansted Airport partners with London Stadium

22 May 2024

London Stadium has today announced a new multiyear partnership with London Stansted Airport, part of the Manchester Airports Group (MAG).

Advertisement
ODU RT 2