Israel Aerospace Industries Partners With Global Accelerator Starburst
February 28, 2018 | Israel Aerospace Industries (IAI), a developer and manufacturer of military and commercial aerospace technology, announced this week that it was partnering with Starburst, a global accelerator focused on aerospace and defense sectors. IAI will participate in selecting startups that meet its criteria for the accelerator. Additionally, overseas startups already participating in the accelerator will present technologies pre-selected by IAI. “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,” an IAI statement said, adding that the IAI-Starburst collaboration is “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.” The Paris-based Starburst accelerator has a presence on three continents with offices in London, Munich, Singapore, Paris, Montreal, and San Francisco. It is comprised of 300 startup companies and 26 companies, including Boeing and GE Aviation, the statement said. In one of their first collaborations, Starburst will bring its first 2018 selection committee to Israel to hear pitches from 10 startups from Israel and abroad at the Aerospace Shark Tank on March 7 in Tel Aviv. Founded in 1953, IAI is Israel’s largest aerospace and defense company, specializing in developing and manufacturing advanced, state-of-the-art systems for air, space, sea, land, cyber, and homeland security.