Aerospace Xelerated opens call for start-up digital services and solutions
Aerospace Xelerated has opened its call for applications for its fourth cohort following three successful cohorts led by Boeing and supported by industry partners.
According to Aerospace Xelerated, startups working on digital services and solutions all over the world are welcome to apply from 15 August, with applications closing on 25 September.
The programme has partnered with Tawazun Economic Council, the defence and security acquisitions authority of the United Arab Emirates which together with Aerospace Xelerated values innovation, and this partnership supports their joint mission to empower entrepreneurs to develop ideas that solve real-life challenges and move the aerospace industry forward.
Startups accepted into the programme will have the option to benefit from a £100K investment from Boeing, with potential for additional funding from partners throughout the region. They will also have access to strategists and technical experts. The programme introduces startups to a network of angel investors, venture capitalists and key stakeholders amongst the aerospace industry throughout the 12-week programme.
Multiple benefits
Successful companies will also receive mentoring from a global network of experienced entrepreneurs, mentors and investors, plus more than £100K in programme perks from partners including Oracle, Amazon, HubSpot, Digital Ocean and many more.
Companies that apply must be mid-late seed-stage; preferably working on software solutions; and at a traction-stage with proof of concepts, contracts already in place, revenue and/or letter of intents (LOIs).
Nichola Bates, Managing Partner at Aerospace Xelerated and Head of Global Accelerators and Innovation Programs at Boeing, said: “This partnership between Aerospace Xelerated, Tawazun and Boeing is a further testament to our global presence and our commitment to supporting entrepreneurs and innovation irrespective of their country of origin. When it comes to global startup hotspots, few places are as exciting as the UAE.
“It’s hard to match the extraordinary mix of dynamism, growth, tech, strategic location, and government incentives that the Emirates has to offer. Having the programme launch out of the UAE will provide further market access not only to the UAE, but to all of the Middle East, Turkey and Africa regions thanks to the strategic geographical location, as well as the global expansion initiatives that the UAE has accomplished to date.”
Abdullah Al Awani, Executive Director of Economic Partnerships at Tawazun Economic Council, said: “Tawazun is committed to the promotion of innovation. Through a continued focus on technology, we aim to increase efficiency, drive industry best practices and support SME growth. We are very excited and proud of our partnership with Aerospace Xelerated on their fourth cohort as it perfectly aligns with our mission to drive economic value, facilitate ecosystem growth and empower technology and people who are innovating.”