Airbus has selected 22 startup companies to participate in a six-month Airbus BizLab accelerator program designed to provide a platform for further developing new technology and products. The startups were chosen from an applicant pool of 704 candidates from 59 countries. They will be joining BizLab locations in Toulouse, France; Hamburg, Germany; Bangalore, India; and Madrid, Spain.
The companies selected are working on products ranging from engine stands to artificial intelligence software. “One of the main criteria used in the selection process were the synergies between the startup projects and Airbus’ sustainability, environment and innovation strategy in the fields of reduction of emissions and alternative propulsion technology, additive manufacturing, data analytics, robotics, smart protection and testing systems and artificial intelligence,” Airbus said.
According to the company, the accelerator program provides support from international experts in a variety of fields, access to a dedicated coaching staff, networking opportunities and workspace. Since starting BizLab in 2015, Airbus has worked with 72 startups and 54 internal projects through the program.