Xelerated

About Xelerated

Aerospace Xelerated operates as a venture capital firm and accelerator, directing its focus and capital towards early-stage software companies poised to advance the aerospace sector. Established in 2019 and headquartered in London, the firm was formerly known as the ATI Boeing Accelerator. The initiative is led by Boeing, with Nichola Bates serving as a key figure in her role as Managing Partner and Head of Global Accelerators and Innovation Programs at the aerospace giant. The program's strategic direction is further shaped by partnerships with significant industry and government bodies, including Tawazun Council, the investment and procurement arm of the UAE defense ministry, GKN Aerospace, and Etihad Airways.

The firm's business model centers on a 12-week accelerator program that provides startups with an initial equity investment of £100,000. This financial backing is complemented by intensive mentorship from a global network of entrepreneurs and technical experts, and introductions to a wide network of angels and venture capitalists. A key component of the program is the opportunity for participating startups to develop proof-of-concept projects in collaboration with Aerospace Xelerated's partners. The firm's revenue is generated through the equity it takes in the startups it accelerates. Since its inception, its portfolio companies have successfully secured over £200 million in follow-on funding and have been instrumental in creating more than 750 jobs.

Aerospace Xelerated scouts for late seed-stage, software-centric startups that are leveraging artificial intelligence and autonomous technologies. The areas of interest are specific, targeting innovations in assured autonomy, generative design, smart maintenance, and adaptive learning, among others. The program serves a global clientele of founders, having supported over 40 companies across 14 countries. The accelerator has evolved to an "always on" model, selecting two to three startups quarterly to work on specific innovation challenges with corporate partners, offering up to £200,000 in funding for proof-of-concept contracts.