Westcott based Flare Bright has been selected from 150 applicants from Canada, the USA and Australia to be one of just 10 organisations to be selected globally for the Aerospace Xelerated Programme.
Flare Bright joins start-ups from the first two cohorts that have gone on to raise more than £50 million in additional funding and create more than 100 jobs across the UK.
GKN Aerospace and the Ministry of Defence’s Defence and Security Accelerator (DASA) are programme partners, providing the cohort with industry insights and expertise.
The Aerospace Xelerated Programme, led by the world's largest aerospace company, Boeing, has selected start-ups which use AI and autonomous technology to solve key challenges for the aerospace sector. The start-ups will benefit from an optional £100,000 equity investment from Boeing, introductions to a network of investors and the wider industry.
"We're delighted to be one of just 10 companies to gain a place on this prestigious programme with such a globally renowned company as Boeing," said Chris Daniels, Flare Bright's Chief Commercial Officer.
"It's also a testament of the support of Westcott Venture Park, the vibrant local infrastructure and Bucks business community that has permitted us to develop into a company that competes like this on the world stage. We're looking forward to the further opportunities that this 3-month programme will bring us."
Boeing is the industry sponsor for Aerospace Xelerated, formerly known as the ATI Boeing Accelerator. GKN Aerospace and the Ministry of Defence’s Defence and Security Accelerator (DASA) are programme partners, providing the cohort with industry insights and expertise.
“Through the accelerator we have developed tremendous partnerships with innovative companies across the UK and beyond,” said Anna Keeling, managing director of Boeing Defence UK.
“These start-ups are contributing to the UK’s prosperity while at the cutting edge of aerospace and defence. We are delighted to begin the journey again, and especially so with DASA.”
The companies will have access to strategists and technical experts for support in developing proof of concept opportunities and will receive mentoring from a global network of experienced entrepreneurs and investors. They also will receive more than £100,000 in programme perks from partners including startup providers Amazon, HubSpot, SeedLegals, and many more.
For more information, visit: https://xelerated.aero www.flarebright.com