Five startups chosen for accelerated track at IAI’s Innovation Center

QuantLR, Aigent-Tech, DST, Scopoli, and Fvmat were picked to work with IAI’s technology experts, realize long-term business potential, leverage breakthrough technologies, and gain access to IAI’s customers 

Five startups chosen for accelerated track at IAI’s Innovation Center

Photo: Bigstock

Israel Aerospace Industries announced Thursday that it has selected five Israeli startups for its accelerated development track in which the startups will benefit from the company's technological and business expertise.

QuantLR, Aigent-tech, DST, Scopoli, and Fvmat were selected out of hundreds of companies that expressed interest in the accelerator and over 90 which applied to IAI’s Innovation Center. Following the shortlisting of 17 companies, a steering committee consisting of IAI’s R&D and innovation managers chose the projects that will join the specialized accelerated track, IAI said. 

The 13-week accelerator track scheduled to open November 1 will be the first of its kind in which startups will work with IAI’s top tech experts to co-create a minimum viable product. QuantLR will join IAI/ELTA Group experts in a quantum sensing project; Scopoli is to work with IAI's Systems, Missile and Space Group will co-develop a solution for tracking people and objects in complex terrains; Aigent-tech will work with IAI/ELTA on AI for land applications; DST will collaborate with IAI's Aviation Group in the creation of a real-time monitoring system; and Fvmat will develop aircraft landing gear with the help of the engineers of the Aviation and Military Aircraft Group.

Amira Sharon, VP of R&D and Innovation at IAI, said, “In addition to choosing the five companies that will use IAI’s accelerator, we’ve established ties with multiple startups from a range of content areas. We are currently assessing our continued business relations with these companies based on relevance. The companies that were selected for the upcoming cohort at the accelerator will have an opportunity to validate and test their technology jointly with IAI experts and supportive environment and, at the same time, become exposed to unique technologies and cross-fertilizing work processes in diverse open innovation fields. The accelerator forms another layer in the broad range of new processes that IAI is implementing to foster a culture of innovation of disruptive technologies.” 

The accelerator has been designed to accommodate the development of advanced technological capabilities in a range of disciplines including machine learning, quantum computing, radar, sensing, robotics, big data, computer vision, smart cockpits, propulsion, drones, cyber, 3D printing, novel energy sources, IoT, and health and usage monitoring systems. It employs a proven development acceleration framework in collaboration with the global Starburst Accelerator, which specializes in pre-seed technological challenges, partnerships with startup companies and large corporations, and in open innovation methodologies that promote technological diversity and entrepreneurship, IAI said.

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