ATI Boeing Accelerator Chooses 10 Startups to Boost UK Innovation
- Ten startup companies selected from 268 applications received over a six-week period
- Each company will receive a £100,000 investment from Boeing HorizonX Ventures
- Companies will receive three months of mentoring and access to industry experts
LONDON, December 16, 2019 - A technology accelerator aimed at boosting innovation in UK aerospace industry announced its first group of startups today. The accelerator, launched in October by Boeing [NYSE: BA] and the Aerospace Technology Institute (ATI) selected 10 startups from 268 applications received in a six-week application period.
The startups, based in the United Kingdom, United States and Portugal, will spend three months in London beginning in January. They will each receive a £100,000 investment from Boeing HorizonX Ventures to develop their proposals.
“We were impressed by the quality of the companies and ideas of the applicants,” said Sir Martin Donnelly, president of Boeing Europe and managing director for the United Kingdom & Ireland. “We hope through this investment, and through the expertise and access we give these companies, we can help these startups succeed and support aerospace innovation in the UK.”
The startups will have first-hand access to strategists and technical experts from ATI, Boeing and GKN Aerospace – the accelerator’s inaugural corporate sponsor. The programme also provides startups in the cohort with benefits to help them grow their ideas and companies. Startups in the cohort will have the opportunity of paid proof of concepts (POCs) with Boeing and GKN Aerospace. The accelerator is designed and delivered by Ignite.
“Boeing is thrilled to be involved in this programme, as we believe the 10 selected startups are bringing new ideas and technologies into our industry,” said Brian Schettler, senior managing director at Boeing HorizonX Ventures Ventures. “We’re excited to see how the accelerator builds on their existing capabilities and enhances their ability to impact aerospace with their innovation.”
The selected startups were chosen after a two-day interview session held in London to which 30 startups were invited to attend and present. Half of the cohort have raised £100K-£1M, while 20 percent raised £1M-£3M, and 30 percent were bootstrapped (£0-100K). Women founded 30 percent of the companies in a sector where they are underrepresented and where we strive for greater representation.
The startups are:
- Anomalous – Edinburgh, Scotland (UK): Anomalous provides intelligent inspection software for aerospace, making inspection in aerospace faster and more accurate.
- Authentise – London & Philadelphia (UK & USA): Authentise delivers data-driven process automation software (workflow management engine, platform of manufacturing-related software modules) for additive manufacturing industries.
- Circulor – London, England (UK): Circulor provides traceability in supply chains, tracking the provenance of raw materials to demonstrate responsible sourcing, to track carbon production in the supply chain and identify fraud.
- Gravity Sketch – London, England (UK): Gravity Sketch empowers enterprise teams to collaborate and create in three dimensions by building intuitive multi-platform tools to radically improve the efficacy and efficiency of developing 3D products.
- Infinite Foundry – Porto, Portugal: Infinite Foundry is a full-stack 3D digital plant platform for engineering optimization of any industrial sector.
- Intellegens – Cambridge, England (UK): Intellegens has a unique deep learning toolset that can train deep neural networks from sparse or noisy data typical of experimental data.
- Kinsetsu – Belfast, Northern Ireland (UK): Kinsetsu has created an innovative portfolio of intelligent asset management software, using IoT sensors and a software platform to provide visibility and traceability of assets
- Kraken IM – Middlesbrough, England (UK): Kraken IM helps companies develop strategies to collect and manage their engineering data and makes software that ensures that this information is delivered from their supply chains.
- Plyable – Oxford, England (UK): Plyable uses the latest in AI and machine learning technology to create proprietary software that automates the design and manufacture of composite tooling, allowing customers to go from CAD to component automatically.
- Septillion – Dunfermline, Scotland (UK): Septillion provides a secure blockchain-powered provenance platform for authenticating physical assets and verifying the genuine provenance and ownership of products throughout the supply chain and beyond.
Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defence, space and security systems, and global services. The company supports commercial and government customers in more than 150 countries. Boeing employs more than 150,000 people worldwide and leverages the talents of a global supplier base. Boeing has a growing UK workforce of 2,500 direct employees across the country and spends £2 billion a year in the UK supply chain. In 2018 Boeing opened its first European manufacturing facility in Sheffield.
About the Aerospace Technology Institute
The Aerospace Technology Institute (ATI) promotes transformative technology in air transport. We create the technology strategy for the UK aerospace sector and fund world-class research and development.
About GKN Aerospace
GKN Aerospace is the world’s leading multi-technology tier 1 aerospace supplier. With 50 manufacturing locations in 15 countries, GKN Aerospace develops, builds and supplies an extensive range of advanced aerospace systems and components, including global leadership positions in aerostructures, engine systems, transparencies and wiring systems. Lightweight composites, additive manufacturing, innovative engine systems and smart transparencies help to reduce emissions and weight on the aircraft and enhance passenger comfort, from helicopters and business jets to the most used single aisle aircraft and the largest passenger planes in the world.
Ignite launched its first accelerator in Newcastle upon Tyne in 2011. Since then, Ignite has supported more than 200 companies through its accelerator and pre-accelerator programmes across the UK and its portfolio has collectively raised more than £50m.