With the help of NASA's Jet Propulsion Lab, the US Air Force, Lockheed Martin, Maxar Technologies, SAIC and the company Israel Aerospace Industries, Techstars and Starburst Aerospace are launching an accelerator focused on the space industry in Los Angeles.
Already a major hub for the start-up industry in space and aerospace, with companies such as SpaceX, Relativity Space, Virgin Orbit, Rocket Lab, Phase Four, and others in Call Los Angeles at home The new accelerator will provide another boost to LA's growing start-up scene.
The new aviation program called Techstars Starburst Space Accelerator is headed by longtime Techstars CEO Matt Kozlov, who has previously led the efforts of Techstars Healthcare Accelerator in collaboration with Cedars Sinai.
Van Espahbodi, co-founder and CEO of Starburst Aerospace, a multinational investor and aerospace consultant, will advise Kozlov on this program and share his expertise with government partners.
Sponsors of this program include NASA's Jet Propulsion Laboratory, Lockheed Martin, Maxar Technologies, SAIC and the Israel Aerospace Industries US Air Force.
Investment in space and aerospace technologies is picking up, thanks in part to estimates such as Bank of America Merrill Lynch, which estimated the space economy at around $ 3 trillion by 2045.
Even if these estimates are exaggerated, investors have already supported companies that have developed reusable rockets, 3D printing technologies, advanced materials, miniature satellites and other space technologies with at least $ 2.3 billion last year.
"The space The industry is both exciting and complex," said Matt Kozlov, CEO of the Techstars Starburst Space Accelerator program. "We bring together key public and private industry leaders who will help entrepreneurs navigate the industry and provide unprecedented commercial support and support. We will help founders to have two years commercial success in three months. Given the descent of our sponsors, I believe that this program will quickly become an important resource for entrepreneurs developing Frontier-Tech. "
Applications for the accelerator are open today, and the program will begin in July. And start-ups who want to get in touch with program staff or get feedback on their businesses before applying can look no further than business hours.
"The list of incredible companies is growing all the time," said Espahbodi, co-founder and managing director of Starburst in a statement. "The broader aerospace industry has finally adopted the term 'open innovation' by partnering with entrepreneurs to develop products together, with a compelling business plan. Starburst is excited to advise to ensure that early-stage companies have the tools they need to compete in this emerging market. "