Techstars participants take to the stage in Adelaide
October 12, 2017
For 13 weeks, Boeing has been a hands-on collaborator, advisor, and mentor to 10 innovative defence start-ups as they build their business through the Techstars global accelerator program in Adelaide, Australia.
As a world-leader in innovation, Boeing has worked closely with these companies to test new technologies, cross technical hurdles and challenge the status quo.
Today these companies will take to the stage at Adelaide Oval to present their business and new technologies to potential investors, including Boeing’s own venture capital group, HorizonX.
Director of Boeing’s Phantom Works International, Dr Shane Arnott, said Boeing’s $500,000 investment in Techstars Adelaide formed part of the company’s distinct approach to advancing innovation in Australia.
“Boeing has identified Australia as a great test-bed for the rapid development and prototyping of new aerospace technologies,” said Dr Arnott.
“While our traditional research partnerships continue to be a success, there are significant growth opportunities for Australia in terms of commercialisation. To that end, Boeing is expanding its development activities in Australia to convert that raw research into commercial capability.
“From establishing Phantom Works in Australia, to investment in Techstars, the Go Fly Prize, and HorizonX Boeing is actively pursuing opportunities to make the impossible possible. Together we can push the boundaries of engineering to build something smarter, better and more amazing.”