Starburst Announces Operations Expansion, Launching in India

The expansion lends support to the emerging interest in aviation, space, and defense innovation and fosters connections within the Indian ecosystem

SAN FRANCISCO, Oct. 1, 2020 (Starburst PR) — Starburst, the world’s first and only global aerospace and defense accelerator, today announced its expansion into India to engage directly with vibrant local aerospace and defense startups and facilitate communication between aerospace and defense corporates and innovative startups within domestic and global landscapes.

As part of the expansion,  Starburst is deploying a local consulting team and venture development platform that will strengthen the capabilities of domestic players in aerospace and defense, and provide access to a global network of participants who are leaders in the industry. The expansion will also allow collaboration with frontier tech and heavy engineering companies, while providing specialty services to the startup community in India.

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UK, US Militaries Launch £800,000 International Space Pitch Day

LONDON, 22 July 2020 (UK Government PR) — Start-up tech companies and inventors will get the chance to pitch directly to UK and US military leaders for the $1-million investment to fast-track their ideas for cutting-edge Space innovations.

International Space Pitch Day was launched today by UK Director Space Air Vice-Marshal Harv Smyth.

International Space Pitch Day is a joint UK-US initiative that aims to find, fund and fast-track innovation and technology that gives advantage to military personnel and operations in the space domain.

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Techstars, Starburst Announce Space-Focused Accelerator Program With U.S. Government And Corporate Consortium

NASA’s Jet Propulsion Laboratory, U.S. Air Force, Lockheed Martin, Maxar Technologies, SAIC, and Israel Aerospace Industries (IAI) Unite to Disrupt Space Industry

LOS ANGELES and BOULDER, Colo. (Techstars/Starburst PR) – Techstars and Starburst announced today their joint effort to help entrepreneurs succeed in aerospace. The Techstars Starburst Space Accelerator, a new Los Angeles-based program, will focus on the next generation of space technology companies and related frontier technologies. Matt Kozlov will be the managing director of the program. Matt previously led the Cedars Sinai Accelerator Powered by Techstars in Los Angeles and has invested in over 30 companies. Van Espahbodi, co-founder and managing director of Starburst, will be advising Kozlov and the broader program, applying his experience of accelerating over 300 aerospace startups.

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Starburst Insights Reveals New Era in Aerospace as Start-ups Close $551M in Venture Capital

LOS ANGELES, Sept. 28, 2017 (Starburst Insights PR) — A new report released today from Starburst Insights, the investment briefing and report service from the leading global aerospace and aviation incubator, reveals that venture capital investments in aerospace, space, and defense start-ups equated to $551 million in the first quarter of 2017 alone, with 26 investments made.

Notable trends highlighted in the report include the increasing diversity of deal origins and the shift from west to east, Starburst reveals, as a previously dominant U.S. investor base is joined by new capital and interest from countries like Israel, China, and Singapore.

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Starburst Ventures Raises $200 Million to Fund Space Startups

starburst_accelerator_logoStarburst Ventures has raised $200 million to fund space startups over the next three years.

The fund is an extension of the Starburst Accelerator, which was founded in 2012 to help aviation and aerospace tech startups raise seed funding, and score their first big deal with a corporate customer, typically representing $1 million or more in revenue.

Starburst Accelerator CEO and founder Francois Choppard told TechCrunch the new fund will aim to back about 35 startups over three years. It will typically write checks of $3 million to $5 million for Series A stage deals, reserving capital for larger follow on rounds as well.

Space technology is today where biotech was about 15 years ago, in terms of potential for startups to flourish, Chopard said.

More entrepreneurs and engineers are becoming interested in aerospace and aviation lately, he believes. They’re inspired by companies like SpaceX, which was selected by NASA in 2014 to participate in the U.S. Human Spaceflight Program, and initiatives like Facebook Connectivity, which aims to beam the internet to people from the sky.

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