IAI Graduates First Cohort With Starburst Accelerator
During the 13-week period, three teams completed proof of concept (PoC) ventures involving robotics, autonomous operation, and artificial intelligence for space and satellite applications
Israel Aerospace Industries Ltd. (IAI) in collaboration with California-headquartered aerospace and defense accelerator Starburst Ventures, graduated the first cohort of their joint accelerator, IAI announced Thursday. During the 13-week period, three teams completed proof of concept (PoC) ventures involving robotics, autonomous operation, and artificial intelligence for space and satellite applications.
IAI’s innovation center will act as an accelerator for local startups. In its first year, the center will focus on pre-seed startups and offer several different cohorts, according to IAI’s statement. IAI has already selected the ventures for the second cycle of the Innovation Center, and the shortlisted startups will start their development by the end of the month at IAI’s Innovation Center.
Government-owned IAI is Israel’s largest aerospace and defense company. It develops and markets defense systems for air, space, sea, land, cyber, and homeland security.
IAI. Photo: Avi Mualem
Founded in 2012, Starburst is an aerospace and aviation incubator, supporting startups in the aeronautics, defense, and space markets. The accelerator operates offices in Los Angeles, San Francisco, Munich, Paris, Singapore, and Montreal.