Five startups chosen for the accelerated track at IAI’s Innovation Center

By Editor 02-Oct-2020

News

IAI’s unique accelerator track allows the startups to work with IAI’s technology leaders, realize long-term business potential, leverage breakthrough technologies, and gain access to IAI’s customers in

QuantLR, Aigent-tech, DST, Scopoli, and Fvmat are the five finalists chosen for the accelerated development track under a hybrid work model and will benefit from working with Israel Aerospace Industries (IAI) best technology experts. The five companies were selected out of hundreds of companies that expressed their interest in the accelerator and over 90 which applied to IAI’s Innovation Center. Following the shortlisting stage, which selected 17 companies, a steering committee consisting of IAI’s R&D and innovation managers, chose the projects that will join the specialized accelerated track.

The accelerator track, scheduled to open on November 1st will run for 13 weeks, and in will operate in a first-of-its-kind hybrid working model with IAI’s top tech experts to co-create a Minimum Viable Product (MVP). QuantLR will join IAI\ELTA Group’s experts in a quantum sensing project. Scopoli and the Systems, Missile and Space Group will co-develop a solution for tracking people and object in complex terrains. Aigent-tech will work with IAI\ELTA on AI for land applications. DST will collaborate with the Aviation Group in the creation of a real-time monitoring system, and Fvmat will develop an aircraft landing gear with the help of the engineers of the Aviation and Military Aircraft Group.

Amira Sharon, VP of R&D and Innovation at IAI, said, “In addition to choosing the five companies that will use IAI’s accelerator, we’ve established ties with multiple startups from a range of content areas. We are currently assessing our continued business relations with these companies based on relevance. The companies that were selected for the upcoming cohort at the accelerator will have an opportunity to validate and test their technology jointly with IAI experts and supportive environment and, at the same time, become exposed to unique technologies and cross-fertilizing work processes in diverse open innovation fields. The accelerator forms another layer in the broad range of new processes that IAI is implementing to foster a culture of innovation of disruptive technologies.”

IAI is an innovation and R&D-oriented company in the fields of aviation, satellites, missiles, intelligence, cyber, UAV’s, robotics, and more. Innovation is an integral part of IAI’s corporate culture. The company integrates creativity with open innovation managed together under the company’s R&D programs. IAI’s investment in R&D and innovation totals ~$900 per annum, across varied technologies.

The accelerator has been designed to accommodate the development of advanced technological capabilities in a range of disciplines including, machine learning, quantum computing, radar, sensing, robotics, big data, computer vision, smart cockpits, propulsion, drones, cyber, 3D printing, novel energy sources, Health and Usage Monitoring Systems, IoT, and more. It employs a proven development acceleration framework in collaboration with the global Starburst Accelerator, which specializes in pre-seed technological challenges, partnerships with startup companies and large corporations, and in open innovation methodologies that promote technological diversity and entrepreneurship.