Airbus BizLab has selected 24 start-ups from all over the world for the fourth edition of the accelerator, a press release said Wednesday (November 14, 2018). Each start-up will be supported by an international team of experts from various disciplines at one of the four BizLab locations in Madrid, Toulouse, Bangalore and Hamburg during the six-month support programme. The new start-ups were selected from 495 applicants from 64 countries.
Airbus’ innovation strategy
The Bizlab locations also offer coaching, networking opportunities and joint work areas. The new start-ups come from a total of ten different countries. Flugilo, a fledgling company from Hamburg, is also among those admitted. The founders are currently developing a parking assistance system designed to reduce the risk and cost associated with aircraft ground operations. One of the main criteria for the selection of potential BizLab participants was the potential synergy between the companies’ projects and Airbus’ innovation strategy.
Many fledgling aerospace companies struggle to make their innovative ideas and technologies commercially viable, to gain access to customers and to survive protracted approval processes. This slows down the pace of innovation. Airbus BizLab has developed a “hybrid concept” to overcome these hurdles. Start-ups are better able to navigate the challenges of working with large companies.
Turning innovative ideas into economic success faster
The Airbus BizLab is a global platform for novel ideas for the aerospace industry. Start-ups and “Airbus entrepreneurs” work together to achieve swifter economic success with their ideas. Launched in 2015, the Airbus Bizlab has launched 50 start-ups and 40 internal projects, raising a total of EUR 19.5 million in capital.
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