NEW DELHI: Airbus has selected twenty-two new start-ups to join its BizLab for the launch of the fifth accelerator programme, providing a platform to develop previously untapped technologies and ways of working in the aerospace sector.
During the six-month acceleration programme, the 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 nine countries around the world, the twenty-two new start-ups were selected out of 704 applications from 59 countries. One of the main criteria used in the selection process were the synergies between the start-up projects and Airbus’ sustainability, environment and innovation strategy in the fields of reduction of emissions and alternative propulsion technology, additive manufacturing, data analytics, robotics, smart protection and testing systems and artificial intelligence.
The selected start-ups will join a unique consolidated global network and be based on one of Airbus’ four BizLab campuses; Toulouse (France), Hamburg (Germany), Bangalore (India) and Madrid (Spain).
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 starting in 2015, Airbus BizLab has used this “hybrid” concept to accelerate 72 start-ups and 54 internal projects, which have raised a combined €23.5 million.