Boeing backs new Shannon incubator
Shannon Group's International Aviation Services Centre (IASC) and DCU Ryan Academy for Entrepreneurs has teamed up with Boeing and Irish software firm Datalex to launch a start-up incubator at Shannon.
The Propeller Shannon partnership was unveiled at the Paris Airshow by IASC managing director Patrick Edmond.
He said that he hopes the new facility will make Shannon home to a "new generation of aviation entrepreneurs".
The initiative will be formally launched in the coming weeks.
Boeing's HorizonX venture capital division is backing the new facility.
"At Boeing HorizonX, we believe in encouraging entrepreneurs and start-up companies who can help us identify innovations that can be brought to market and bring disruptive value to our customers," said Steve Nordlund, leader of Boeing HorizonX.
"We are thrilled to be part of a partnership that will draw out the best of Irish aerospace technology innovation and help new companies carve a path to success."
Clyde Hutchinson, Propeller Programme Lead at the DCU Ryan Academy said the incubator will be a "unique opportunity".