SAN FRANCISCO – Starburst Aerospace and Techstars announced plans Feb. 12 to begin accepting applications for a new space-focused accelerator based in Los Angeles and backed by the U.S. Air Force, NASA’s Jet Propulsion Laboratory, Lockheed Martin, Maxar Technologies, SAIC and Israel Aerospace Industries.
The Techstars Starburst Space Accelerator is scheduled to review applications and announce the selection in May of ten companies to participate in the three-month program. Each participant will receive a $120,000 investment and the opportunity to work with mentors who have space technology experience as well as executive mentors to help them prepare business plans and strategies, said Matt Kozlov, managing director of the Techstars Starburst Space Accelerator.
“Our goal is to help them achieve two years of commercial space traction in three months,” Kozlov told SpaceNews.
During the first month of the accelerator, startup executives will have roughly 15 meetings a day with prospective partners and customers.
“These are meetings they would have flown around the world to attend,” Kozlov said. “It’s like business development on steroids.”
About a year ago, Techstars, a company based in Boulder, Colorado with dozens of accelerators around the world, began looking for ways to support early-stage space technology entrepreneurs. ...