Techstars and the U.S. Air Force have inducted 10 companies into the 2019 class of an accelerator program that seeks to help the military branch address technological challenges through innovation.
Nealry half of current participants in the Air Force Accelerator Powered by Techstars have secured contracts under the service’s Small Business Innovation Research program, the company said Wednesday.
Recipients of SBIR contracts that obtain investments via traditional funding rounds can receive up to $1.5M in SBIR matching funds.
The accelerator finalists are:
- Avocado Systems
- Botanisol Analytics
- Cleo Robotics
- Flite Material Sciences
- Vita Inclinata
Air Education and Training Command, MD5 and BAE Systems’ FAST Labs support the 2019 program as sponsors.
Ten companies participated in the accelerator’s inaugural iteration last year and have won contracts from the Department of Defense, private investments or commercial proof-of-concept projects.