UK Ministry of Defence Partners with Boeing on Startup Accelerator
- The MOD’s Defence and Security Accelerator (DASA) joins Boeing’s Aerospace Xelerated for the third cohort of a United Kingdom-based accelerator whose startups already have raised £20 million in additional funding and created more than 100 jobs
- Companies accepted to the 12-week programme will receive mentoring and guidance from Boeing, the MOD and others in the industry, and be eligible for a £100,000 equity investment from Boeing
- This cohort’s focus is on startups building autonomous and AI solutions that advance the way aircraft are built, from the factory floor all the way to the passenger journey
London, September 29, 2021 - The United Kingdom’s Ministry of Defence has joined Aerospace Xelerated, Boeing’s UK-based startup accelerator whose companies have gone on to raise £20 million in funding beyond Boeing’s initial £100,000 investment and to create more than 100 jobs up and down the country.
The 12-week programme, the third since the accelerator launched in the autumn of 2019 will focus on startups building autonomous and AI solutions that advance the way aircraft are built, from the factory floor all the way to the passenger journey.
“The accelerator is a proven pathway for Boeing to invest in strengthening the future of UK aviation, so we are delighted to have the Ministry of Defence join us as a partner for this third cohort,” said Anna Keeling, managing director of Boeing Defence UK. “We look forward to working with the startups and working closely with DASA to help develop new concepts, solutions and jobs for aerospace and defence.”
The MOD’s Defence and Security Accelerator (DASA) finds and funds innovation to support UK national security quickly and effectively, and support UK prosperity. On behalf of the MOD, DASA will support startups by providing insights from and access to frontline commands, aligning them with MOD’s interest in national security and innovation priorities.
“The MOD is keen to understand how early engagement between startups and MOD in programmes such as this can lead to improved outcomes for Defence and for the companies involved,” said Anita Friend, head of DASA. “By partnering in Aerospace Xelerated and helping the companies understand the needs and opportunities provided by Defence, we hope to accelerate our own learning as well as theirs.”
Startups accepted to the programme will benefit from an optional £100,000 equity investment from Boeing. They will also have access to strategists and technical experts from industry, and support in developing proof of concept opportunities.
The two previous cohorts have gone on to raise £20 million in additional funding and create more than 100 jobs across the UK. GKN Aerospace, Rolls-Royce, PWC, Chevron Technology Ventures and EasyJet are among the companies that have worked with past cohorts as partners or mentors. More accelerator partners will be announced in the coming weeks.
Through Aerospace Xelerated, startups will be introduced to a network of angels, venture capitalists and the wider aerospace industry, throughout the 12-week programme and wider ecosystem events. Successful companies will also receive mentoring from a global network of experienced entrepreneurs, mentors and investors.
Applications for the third cohort close Friday, 8 October. Aerospace Xelerated is looking for startups across the following areas: assured autonomy; autonomous navigation; generative design; smart maintenance; adaptive learning; reduced workload and aerospace AI applications. Companies must be late seed-stage, software only, and working with AI or autonomous technology.
For more information and to apply go to https://xelerated.aero
About Boeing in the United Kingdom
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, and leverages the talents of a global supplier base. Boeing has a UK workforce of 2,600 direct employees across the country and spends £2 billion a year in the UK supply chain. For more information visit www.boeing.co.uk or follow us on Twitter @BoeingUK.