Business Minister Launches Technology Accelerator
- Boeing boosting innovation in UK aerospace industry
- Startups receiving mentoring and investment to develop new technologies
- Also joining 22 UK companies to learn how to increase UK and export business as suppliers to Boeing
LONDON, January 22, 2020 - Nadhim Zahawi MP, Parliamentary Under Secretary of State at the Department for Business, Energy and Industrial Strategy, marked the opening of the Aerospace Technology Institute (ATI) Boeing Accelerator by launching the new accelerator offices today and meeting the first 10 startups chosen to receive investment.
The startups, based in the United Kingdom, United States and Portugal and chosen from 268 applications, will spend three months in London receiving first-hand access to strategists and technical experts from ATI, Boeing and GKN Aerospace – the accelerator’s inaugural corporate sponsor. The accelerator is designed and delivered by Ignite, founded in Newcastle.
“The UK’s aerospace sector is a global success story we can be hugely proud of – generating well-paid jobs and sustainable growth across the country,” Minister Zahawi said. “This vital partnership will further fuel industry prosperity by engaging our fresh-thinking, vibrant start-up community in developing world-leading aerospace technologies – from green solutions, to productivity-enhancing innovations.”
Minister Zahawi launched the accelerator office during a week when experts and leaders from Boeing were embedded with the startups for one-on-one mentoring and strategy sessions.
“Through the direct engagement, mentoring, and further technical and business evaluation of each of the selected startups and their leadership teams, we’ve been incredibly impressed by the innovation coming through to support the future of UK aerospace and beyond,” said Brian Schettler, Boeing HorizonX Ventures senior managing director.
Later in the day the startups joined 22 other companies at Boeing’s London headquarters for a workshop for would-be UK suppliers to showcase their capabilities and share lessons for how to increase the number of UK companies doing business with Boeing. On average, Boeing spends £2 billion with UK suppliers each year – the second largest international market for supply chain spend for Boeing.
The London event follows one held in September in Seattle by Boeing’s Office of UK Industrial Capability – a permanent Seattle-based office focused on creating export opportunities for UK companies.
“This investment underlines Boeing’s increasing commitment to UK firms,” said Sir Martin Donnelly, president of Boeing Europe and managing director for the United Kingdom & Ireland. “It’s a story that goes beyond aircraft and defence products into innovation, manufacturing and services.”
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.
- 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.
- Perpetual Labs – London, England (UK): Perpetual Labs is on a mission to revolutionise engineering design and manufacturing processes through its cloud-native, collaborative design software and ML-powered simulation technology.
- 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.