Starburst Aerospace News
13 articles
Starburst announces ASTRA accelerator to power next-generation of space tech startups | CTech
Starburst Aerospace, an Israeli aerospace accelerator, has announced the launch of its first cohort, ASTRA, focused on startups developing innovative technologies for space applications. The three startups selected to participate are Tehiru Technologies, CrystalEn Semiconductor, and CSpace. The startups will undergo a 7-month program, which includes technical support, fundraising assistance, expert mentoring, and a 13-week bootcamp to prepare for their Seed round. The ASTRA program is run in partnership with Israel Aerospace Industries and Shenkar Lab, with the aim of transforming Israel into the Spacetech Nation.
PartnersCustomersInvestment
Starburst Aerospace in talks to raise $50 million fund for space investments - SpaceNews
Starburst Aerospace plans to raise a $50 million fund to invest in space startups. The company previously attempted to secure a $200 million fund but faced setbacks. Instead, Starburst focused on becoming an aerospace and defense accelerator, acquiring equity in startups and connecting them with governments and established companies. The company currently has around 60 companies in its portfolio. Momentus, one of the companies Starburst has invested in, is expected to go public through a merger with a SPAC. Starbursts success with its portfolio companies has encouraged the accelerator to revisit its own fund. The company has also expanded its operations to multiple countries and has partnerships with customers such as the Space Force, NASA, and Northrop Grumman.
InvestmentExpand
Starburst Aerospace Announces Demo Day for its Singapore Aviation Accelerator
Starburst, the global aerospace and defense accelerator, recently hosted its Singapore Aviation Accelerators first demonstration with its inaugural cohort of startups. The event served as a platform for the startups to showcase their technologies in green aviation, digitalization, safety, and sustainability. The Singapore Aviation Accelerator demo day is part of Starbursts global expansion plans and aims to accelerate the growth of startups in Asia. Starburst partnered with Enterprise Singapore, Singapore Airlines, SIA Engineering Company, SATS, AIRLab, and Panasonic Avionics to launch the Singapore Aviation Accelerator earlier this year.
InvestmentPartnersExpand
UCLA, Starburst bringing a new aerospace accelerator to L.A. - L.A. Business First
Starburst announces 15 finalists to pitch ideas to U.S. and U.K. defense agencies - SpaceNews
Starburst Aerospace has announced 14 startups and one consortium invited to share proposals for addressing space-related challenges at International Space Pitch Day. The event, to be held in November, will provide funding opportunities and potential contracts from the Ministry of Defence and Royal Air Force. The participating agencies are ready to award contracts immediately to the selected companies. The U.S. and U.K. companies that will be part of the first Allied Defence Accelerator were also named. The objective of International Space Pitch Day is to work with small and medium-sized enterprises and startups in emerging industries to attain technological supremacy and deliver operational advantage.
Partners
U.S., U.K. Teaming on International Space Pitch Day
Starburst Aerospace is supporting the International Space Pitch Day, where a combined total of $1 million will be awarded to new technology and space innovation companies. The event aims to accelerate the process of acquiring new capabilities by giving startup companies the opportunity to present their ideas to military leaders. The competition seeks to address six challenge sets chosen by the U.S. and U.K. teams, focusing on space domain awareness and related technologies. Starburst Aerospace will act as an industry partner through mentor programs for startups. The event was scheduled to be held in November in London, but it may be conducted virtually due to the COVID-19 pandemic.
PartnersInvestment
IAI Graduates First Cohort With Starburst Accelerator
Israel Aerospace Industries (IAI) has graduated the first cohort of their joint accelerator with Starburst Ventures. The accelerator focused on robotics, autonomous operation, and artificial intelligence for space and satellite applications. IAIs innovation center will continue to act as an accelerator for local startups, with a focus on pre-seed startups in its first year. The shortlisted startups for the second cycle will begin development at IAIs Innovation Center soon.
PartnersExpand
Israel Aerospace, Starburst launch accelerator
Israel Aerospace Industries (IAI) has launched its innovation center in collaboration with the Starburst Accelerator. The center will support IAIs strategy of business performance, growth, and profitability. It will act as an accelerator for the development of advanced technological ventures and will focus on pre-seed development programs in collaboration with startups and large enterprises. The center is scheduled to start operations in January 2020. IAI has invited its employees to submit innovative proposals, and the chosen teams will work on AI, radar, robotics, and autonomous driving technologies. The Innovation Center aims to promote innovation-driven culture and prepare IAI for future disruptions.
Partners
https://www.israeldefense.co.il/he/node/41375
התעשייה האווירית launched its new innovation center in partnership with international accelerator Starburst. The center will focus on developing advanced technologies and fostering internal entrepreneurship. It will collaborate with industry partners and large organizations to address technological challenges in aviation, space, artificial intelligence, robotics, and autonomy. The company plans to conduct multiple cycles of activity at the center, with the first cycle focusing on pre-seed development projects. The centers opening is part of the companys strategy to promote human excellence, business performance, and innovation. The aerospace industry sees the innovation center as a critical step in accelerating technological advancements.
Partners
An investor's perspective on the current state of the global space startup industry
The article discusses the current state of the space industry and the opportunities available for commercial players. Starburst, a global aerospace and defense accelerator, has a database of over 6,000 aerospace and defense startups. The CEO, Francois Chopard, notes that there has been no slowdown in the rate of growth in the sector. The article mentions that $5 billion in funding has been disclosed this year alone, representing four percent of the overall VC market. Chopard also highlights the ground segment as a booming opportunity for new and emerging companies in the space industry. Overall, the article portrays a positive growth outlook for Starburst and the space industry.
Investment
Techstars and Starburst Announce Space-Focused Accelerator Program
Techstars and Starburst have announced a joint effort to help entrepreneurs succeed in the aerospace industry. They will be launching the Techstars Starburst Space Accelerator, a Los Angeles-based program that will focus on the next generation of space technology companies and related frontier technologies. The program has formal sponsorship from NASAs Jet Propulsion Laboratory, Lockheed Martin, Maxar Technologies, SAIC, Israel Aerospace Industries North America (IAI North America), and the U.S. Air Force. The accelerator aims to work with startups that have a use case for new space and related technologies in fields such as energy, communications, robotics, and autonomy. The program will provide commercial support, mentorship, and help founders achieve two years of commercial traction in three months. Applications for the program are now open.
PartnersExpand
Israel Aerospace Industries Partners With Global Accelerator Starburst
Israel Aerospace Industries (IAI) has announced a partnership with global accelerator Starburst, which focuses on the aerospace and defence sectors. IAI will participate in selecting startups that meet its criteria for the accelerator. Overseas startups already participating in the accelerator will present technologies pre-selected by IAI. The IAI-Starburst collaboration is the first step in realising IAI’s objectives to become a significant technological player and strategic partner for startups in the aerospace and defence fields.
PartnersExpand
Israel Aerospace Industries Announces Collaboration with Aerospace Accelerator Starburst
Israel Aerospace Industries (IAI) has announced a collaboration with Starburst Ventures, an aerospace and defense accelerator. As part of the collaboration, IAI will select startups to participate in the accelerator and provide mentorship, technological collaboration, and investment. This marks IAIs first venture into the startup accelerator model. They are looking for advanced startups with mature products and proven activity, and are exploring investment opportunities of up to $10 million. The collaboration with Starburst Ventures will give IAI visibility and access to startups in their areas of activity and open up new horizons. The partnership aims to lead the technological forefront through collaboration with innovative startups.
PartnersInvestment
