The Propeller Shannon start-up accelerator programme has been launched today by Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection, Pat Breen.
The Propeller Shannon start-up accelerator aims to drive the development of innovative Irish and international start-up companies in the aviation sector. It is a partnership between Shannon Group’s International Aviation Services Centre (IASC), DCU Ryan Academy for Entrepreneurs, Boeing and Datalex. It is supported by Enterprise Ireland.
The programme is now open to applications from potential teams or individuals both in Ireland and from overseas working in the aviation, aerospace and travel tech sectors. There are 10 slots available within the programme which will be based at a dedicated innovation hub in the Shannon Free Zone adjacent to Shannon Airport.
Successful applicants to the Accelerator programme will receive a place within the programme for a period of three months where teams will be able to build and commercially validate their technologies by working with existing networks and mentors from global aviation companies like Boeing and Datalex.
The Accelerator programme is part of Enterprise Ireland’s overall strategy to increase the number and quality of start-ups that have the potential to employ more than 10 persons and achieve €1 million in export sales within three years.
Speaking at the launch, Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection, Pat Breen TD said, "This incubator programme, supported by the Department of Jobs, Enterprise and Innovation through Enterprise Ireland, will make a real contribution to supporting growth in the aviation and aerospace industry. It will nurture innovative Irish companies to build scale and expand their reach in global markets."
CEO of Shannon Group, Matthew Thomas added, "Over the years, Shannon has been home to innovations such as the world’s first Duty Free and the first Free Zone, as well as GPA, who pioneered the aircraft leasing industry. I’m delighted that Shannon will now be home to a new generation of aviation entrepreneurs, and we are very grateful to Enterprise Ireland for recognising the importance of the aviation industry for Ireland and for its generous support. The accelerator programme will help drive the development of innovative Irish and international start-up aviation companies and participate in their success, with a goal of producing companies of global significance from Ireland.”