Israel Aerospace Industries (IAI) has joined forces with Starburst, a global accelerator focused on Aerospace & Defense sectors. This innovative collaboration is expected to be the first step in realizing IAI’s objectives to become a significant technological player and strategic partner for startups in the Aerospace & Defense fields, by offering technological and business expertise, technology validation, mentoring and access to such startups’ potential markets.
With presence in three continents, Starburst comprises 300 startup companies and 26 companies in the accelerator, including GE Aviation, Boeing, Lockheed Martin, Raytheon, Thales, Airbus and more.
IAI will participate in the election of startups to the accelerator that meets IAI’s criteria, and in addition, overseas startups that already participate in the accelerator will present technologies selected by IAI according to pre-determined criteria.
The model will enable IAI to identify innovative technologies that can contribute to its current and future growth engines and technological roadmap and maintain its position as a technological spearhead, through technical collaboration and equity investments in the forefront of aerospace technology.
