in Aerospace

GKN Aerospace to support Cohort 2 of ATI Boeing Accelerator

Posted 30 January 2020 · Add Comment

As part of its commitment towards encouraging innovative startup businesses in the UK, GKN Aerospace will continue supporting the Aerospace Technology Institute (ATI) Boeing Accelerator with additional investment into the programme.

Courtesy GKN Aerospace

The 12-week accelerator programme will be welcoming a second cohort of 10-15 startups in September 2020. The programme will open for applications at the end of March 2020 and will help to strengthen the UK’s growing ecosystem of startups.
The programme is designed to help startups build and grow their business. Selected startups will be mentored by Boeing, ATI and GKN Aerospace and are all offered a £100k equity investment from Boeing HorizonX Ventures. The startups are also given access to a wide range of business and technical professionals and corporate sponsors to accelerate their speed-to-market and facilitate access to potential investors and funding.
This agreement was announced with the UK aerospace minister Nadhim Zahawi at the accelerator hub in London. It continues GKN Aerospace’s sponsorship of the ATI Boeing Accelerator, which was announced in October 2019 and saw 10 startups actively supported. The first cohort attracted international interest of more than 200 applicants, with a high ratio of female founders.
Rachel Power, Head of Strategy and Innovation, Aerospace Technology Institute said: “The accelerator was created to help grow innovative aerospace startups in the UK and drive new collaborations with leading aerospace corporates. GKN Aerospace’s continued support of the programme demonstrates the value they have gained through their deepened engagements with startups. We are excited to continue this collaboration and are excited for more corporates to join the programme.”
Paul Perera, VP Technology of GKN Aerospace said: “Sponsorship of the ATI Boeing Accelerator is a win-win situation. Technology and sustainable innovations are at the heart of GKN Aerospace and crucial to the UK’s industrial strategy.
"By collaborating with energetic and inventive startups and learning about their exciting ideas, we enhance our innovation power. At the same time, we are a sounding board for these companies and give them access to our global footprint, cutting edge technological knowledge and industrial expertise.”


* required field

Post a comment

Other Stories
Latest News

IFS partners with Dell's Boomi

IFS today announced its new partnership with Dell Technologies business, Boomi, with the resulting technology stack combining enterprise resource management (ERP), enterprise asset management (EAM) and field service management

PHASA-35 makes maiden flight

Persistent High Altitude Solar Aircraft (PHASA-35), a 35-metre wingspan solar-electric aircraft which has the potential to stay airborne for a year, has successfully completed its maiden flight.

Pattonair gains cyber security accreditation

Global aerospace and defence supply chain specialist, Derby based Pattonair, has reinforced its data credentials after achieving an internationally recognised security standard.

Trenchard secures FAA Certification for Dubai MRO facility

Gatwick based Trenchard Aviation Group has announced that its MRO facility in Dubai, Aero Technics FZCO, has been confirmed as an approved Repair Station by the Federal Aviation Administration (FAA).

School STEM show hits the road

Opening the eyes of young people to the career possibilities of studying science, technology, engineering and mathematics (STEM) subjects, the annual BAE Systems schools roadshow has kicked-off at The Belvedere Academy in

Oliver Wyman forecasts aviation industry expansion

The next decade will be more challenging for the aviation industry than the previous 10 years, despite prospects for rising passenger demand, according to Oliver Wyman’s annual Global Fleet & MRO Forecast.

ODU 0201311219
See us at
SMI favws BT0602040620S&P BT241019040320VIDSE BT1605060320FIL20BT010819260720AMAS BT0312270220DVD 2020