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Overview - what is the ATI Boeing Accelerator?
The ATI Boeing Accelerator is a 3 month-long programme based at Public Hall (1 Horse Guards Ave, London, SW1A 2EP). It is intended to support innovation and the growth of startups in the UK's aerospace ecosystem.
Overview - who is the ATI Boeing Accelerator for?
We're looking for world-class startups creating industry 4.0 and sustainability enabling technologies with the potential to bolster the growth and competitiveness of the UK aerospace industry. We're especially interested in innovative operations, manufacturing, logistics/ supply chain startups and workforce training and safety.
Overview - is an aerospace focus a requirement?
We are very happy to have businesses and technologies developed in or for other industries and which could be relevant to the aerospace industry participate in the programme.
Overview - what is the accelerator's objective?
The ATI Boeing Accelerator is a startup accelerator programme designed to support the growth of startups in the UK's aerospace ecosystem. By supporting these innovative early stage technology businesses, the programme aims to bolster the growth and competitiveness of the UK aerospace industry.
Overview - how many companies will be on the programme?
Each ATI Boeing Accelerator cohort will be made up of 8-15 startups. We will be running two cohorts a year.
Overview - what is the application process?
Once you have applied, the programme team will review your application. If it passes the selection criteria, you will be invited to an interview. Should you pass the interview stage, the application will then be shared with the programme leads at the sponsor businesses for their review. Should they wish to learn more, you will be invited to the two-day selection event in London on 20th and 21st November 2019. The successful applicants will be notified and offered programme places shortly after that.
Location - is relocating to London a requirement of the programme?
No. A decision-maker (i.e. founder or member of the management team) needs to be based in London for the 12 weeks of the programme to be able to make the most of what the programme offers. We are also happy to see more than one team member relocate to join the program.
Location - who needs to be on-site in London and for how long?
We are looking for 12 week residence from a decision-maker (i.e. someone who would be able to build relationships with the corporate sponsor(s)), but depending on the stage of the company we recognise they may need to spend some time/travel on the business each week. The programme is not currently envisaged as a week per month of residence like some other corporate later stage programmes.
Investment - what are the terms for the £100k investment?
The £100k investment is an uncapped SAFE (‘simple agreement for future equity') with a 20% discount on the next round. We will share a draft version of the SAFE during the interview process.
Investment - is the programme investment competitive?
No, all startups who are offered and accept a place on the programme will be offered the £100k equity investment from Boeing HorizonX Ventures.
Investment - when does the investment get paid? (up front, at the end, installments?)
The programme investment process will start once an offer has been accepted, and we anticipate the investment to be paid in the first fortnight of the programme.
Investment - is accepting the £100k investment a requirement of joining the programme?
No, you do not have to take the investment to join the programme. If you'd be interested in joining the programme without taking the investment, we'd still be happy to talk to you.
General - is there a stipend for accommodation?
No, there is no stipend but your company is free to spend the programme investment how you see fit.
General - would the accelerator require us to be fiscally located in the UK?
There is no requirement to redomicile the company to the UK, and you do not need a UK LTD company to participate in the programme.
General - is the information shared with Boeing HorizonX Ventures also shared with Boeing's commercial arm?
All the information you give Boeing HorizonX Ventures is only available to Boeing HorizonX Ventures. There is a strict firewall in place that restricts access to any of your proprietary, financial or commercial information. If you start engaging with anyone else within the Boeing Company, they will execute a separate NDA and will continue to restrict financial data.
Sponsors - will we have access to Boeing and GKN as potential customers?
Yes, over the course of the programme you will be introduced and develop relationships with the programme sponsors (currently Boeing and GKN Aerospace, more potentially TBA).
Sponsors - can we work with Boeing competitors?
Yes, there's no exclusivity preventing you from working with other sector corporates.
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