Airbus has selected twenty-four new start-ups 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 start-ups and Airbus intrapreneurs speed up the transformation of innovative ideas into valuable businesses. Since its launch in 2015, Airbus BizLab has accelerated 50 start-ups and 40 internal projects, which have raised a combined €19.5 million.
In 2018, Airbus BizLab also challenged start-ups to propose technical solutions contributing to the UN Sustainable Development Goals that Airbus is committed to.
With the opening earlier in the 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 start-ups 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 start-ups were selected out of 495 applications from 64 countries. One of the main criteria used in the selection process were the synergies between the start-ups’ 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 start-ups better navigate the challenges of working with large firms.
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