Aerospace startups, investors matched using reality TV show format
The business development company Starburst Accelerator, which calls itself the world's largest incubator for aerospace startups, said on Monday it has signed agreements with Boeing Co, Raytheon Co and other big companies looking for new technologies.
Starburst will expose the big aerospace companies to its stable of fledgling aerospace companies with products ranging from drones to aircraft seats to complex aviation software. It says many of its start-ups have technology that could radically alter the way aircraft are now built and maintained.
It opened its new California office on Oct. 2 with an event similar to the “Shark Tank” television program, an ABC TV reality show in which entrepreneurs seek investments from a panel of potential investors, known as “sharks.”
The goal is to match aerospace entrepreneurs with venture capitalists and larger companies that may invest in them or buy their products. | READ MORE