Starburst Accelerator — the European incubator for innovative aerospace start-ups — will be launching its Singapore hub on 21st September. Created in Paris three years ago, the organisation already has branches in Los Angeles and Munich, Germany. It offers aerospace start-ups the opportunity to engage and work with large corporations and access seed funding from venture capital investors and business angels.
A selection committee has been organised as part of Techventure 2016, an innovation and enterprise event organised by the National Research Foundation Singapore. A total of 10 startups from the Starburst Accelerator programme will pitch their technologies and business models to a panel of investors and partners. The start-ups include Spire (satellite-based maritime and weather tracking) , Aster Aviation (biogas-powered aircraft) and AirGo Design (aircraft seats).
Unlike its branches in the U.S. and Europe, where partners are locally based, Singapore is seen as a base to work with partners from Australia, New Zealand, India and South Korea, as well as U.S. and European partners seeking to expand their footprint in the Southeast Asia region.
Starburst Accelerator is focusing on existing technologies that can easily find applications in the aerospace sector, including the Internet of Things (IoT), robotics and artificial intelligence. The incubator is also offering to support established regional players in developing more creative forms of collaboration to benefit from the competences of new-generation talents.