Startup incubator Aerospace Xelerated has announced the 11 companies that are joining their program, which is now in its fourth year and aims to solve key challenges for the aerospace sector.
Following three successful programs led by Boeing and supported by industry partners, this year’s program will be run in partnership with Tawazun Council, the defense and security acquisitions authority of the United Arab Emirates (UAE).
Startups in this year’s cohort have the option to benefit from a £100,000 ($123,000) investment from Boeing and will be introduced to a network of angel investors and venture capitalists from the aerospace industry. Successful companies will also get more than £100,000 in perks from partners including Oracle, Amazon, HubSpot, Digital Ocean and many more.
The focus for the 12-week program this year is on digital services and solutions as applied to areas such as flight and passenger journey optimization, supply chain intelligence, the next-generation workforce and operational efficiency.
There were 158 applications from around the world this year for the 12 week program from countries including Australia, Canada, Japan, Netherlands, UAE, UK and USA.
The selected companies also have access to strategists and technical experts for support in developing proof of concept opportunities and receive mentoring from a global network of entrepreneurs, mentors and investors.
The 11 startups are:
- AEROSENS (Miami, USA): Aerosens focuses on technology, digitalization and automation for aviation.
- Aiir Innovations (Amsterdam, Netherlands): Faster and smarter borescope inspections through artificial intelligence.
- AR Engineering (Sharjah, United Arab Emirates): AR Engineering is a software development company with the mission of changing the way we interact and learn with digital content.
- Basetwo (Mississauga, Canada): Basetwo provides a low code platform that helps engineers design, build and operationalise digital twins of their manufacturing processes.
- Conductor Software (Brisbane, Australia): Conductor combines people and performance data giving leaders the insights they need to improve innovation, talent retention, customer experience and performance.
- Dessia Technologies (Paris, France): Dessia Technologies develops a software framework to accelerate decision-making and complex trade-offs with Artificial Intelligence in the engineering phases of industrial projects;
- KIT-AR (London, UK): With the KIT-AR platform, manufacturing companies digitally enhance their human workers to reduce the cost of poor quality by combining augmented reality with machine learning to provide step-wise context rich instructions with automated quality control.
- NABLA Mobility (Tokyo, Japan): Reducing fuel consumption and carbon by using ML/AI to enhance flight plans with comprehensive, multi-factor flight optimizations.
- People Tech Revolution (Brisbane, Australia): People Tech Revolution co-design and build immersive, human-centred VR training experiences.
- Quaisr (London, UK): Digital-connectivity infrastructure that scales simulation-backed AI workflows to mission-critical operational deployments, helping engineers to solve pressing problems in design, monitoring, optimisation and control.
- Zetamotion (Fleet, UK): Zetamotion makes quality control faster and easier to deploy, use and scale by offering it as a service.
Nichola Bates, managing partner at Aerospace Xelerated and head of global accelerators and innovation programs at Boeing said, “We are delighted to welcome these innovative startups into our fourth cohort.
“The Aerospace Xelerated program was designed to support the growth of startups – regardless of where they reside and this cohort is a testament to that. We are incredibly excited to see the solutions these companies will create to answer some of the key challenges in the aerospace sector.”
Abdulla Saif Al Awani, chief economic program officer at Tawazun Council, said: “Startups are increasingly playing a major role in the changes happening in the economic landscape. Tawazun has been supporting innovation since our early days and running this program alongside Boeing will enable us to work closely with these amazing companies that are going to shape the future of aerospace.”
Other partners in Aerospace Xelerated include the UK Government’s Defence and Security Accelerator, GKN Aerospace and Etihad Airways.