Montreal-based incubator Centech and the Starburst aeronautics accelerator have announced the launched of a Montreal-based accelerator program dedicated to aerospace technologies.
The program is a result of a partnership between Centech, which helps launch startups, and Starburst, a global accelerator that specializes in aeronautics, space, and defence. Starburst already has locations in cities like Tel Aviv, Paris, São Paulo, and Singapore.
“We want to capitalize on Montreal’s potential for creation and support of startups.”
– François Chopard
The 12-week program will allow aerospace entrepreneurs to verify and measure the commercial potential of their projects, develop business models, and understand the different aspects of building a successful business. Selected entrepreneurs will have the opportunity to learn about specific issues related to the aerospace industry, and network with experts in the field. Starburst will also create a seed capital fund to support the best companies in the program.
“We want to capitalize on Montreal’s potential for creation and support of startups,” said François Chopard, president of Starburst S.A. “Our partnership with Centech will provide us rapid access to the entire Montreal and Canadian ecosystem.”
Centech said the program will allow Montreal to expand its community of experts in the aerospace field, which currently includes university research chairs, Aéro Montréal, and Quebec’s aerospace cluster.
“With the creation of a cohort dedicated to aerospace technologies, we are responding to a strong demand in the Montreal market,” said Richard Chénier, CEO of Centech. “Currently, the aeronautics sector is the third largest in Canada. Many startup companies at Centech are in this activity sphere.”
Entrepreneurs interested in participating in the aerospace accelerator program have until August 3 to apply.
Photo via Unsplash.