Unmanned Aerial Vehicles
Aerospace Xelerated To Speed Up Incubator Process
The effort will attempt to fund 10 start-ups per year
Aerospace Xelerated Summit on November 9, 2023 in Dubai (Credit-AX)
Several "forward-thinking" enterprises participated in the Aerospace Xelerated Summit on November 9 in Dubai (Photo: AX)

Four years after its launch, a key Boeing incubator plans to intensify selection runs to increase industry’s access to revolutionary ideas from up-and-coming entrepreneurs. The new Aerospace Xelerated (AX) is a funded, three-month accelerator for early-stage software start-ups.

Nichola Bates, Boeing’s head of global accelerators and innovation programs and AX managing director, said the new format would provide “scale,” although it remained too early to say how growth rates would change given the potential to dramatically increase the program’s impact.  The project targets access to revenue opportunities across a range of industries. “The tech that we use isn't just used in aerospace but is applicable to other industries,” she said. “Making sure that our companies are financially very successful is the key for us in all of this.”