Airbus has selected twenty-four new startups to join its BizLab for the launch of the fourth accelerator programme, providing a platform to develop previously untapped technologies and ways of working in the aerospace sector.
Airbus BizLab is a global aerospace business accelerator where startups and Airbus intrapreneurs speed up the transformation of innovative ideas into valuable businesses. Since starting in 2015, Airbus BizLab has accelerated 50 startups and 40 internal projects, which have raised a combined € 19.5 million.
This year, Airbus BizLab also challenged startups to propose technical solutions contributing to the UN Sustainable Development Goals that Airbus is committed to.
With the opening earlier this year of Airbus BizLab’s fourth site in Madrid (Spain) - after Toulouse (France), Hamburg (Germany) and Bangalore (India) - the selected firms will join a unique consolidated global network within the four sites. During the six-month acceleration programme, the 24 startups will receive support from an international team of experts from various fields and have access to dedicated coaching staff, networking opportunities and co-working spaces. Hailing from ten countries around the world, the new startups were selected out of 495 applications from 64 countries. One of the main criteria used in the selection process were the synergies between the startup projects and Airbus’ innovation strategy.
Many fledgling aerospace businesses struggle today to turn innovative ideas and technologies into commercial reality, others face difficulties accessing customers or endure long certification processes. This significantly slows the pace of innovation. To overcome these hurdles, Airbus BizLab has developed a “hybrid” concept that helps startups better navigate the challenges of working with large firms.
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