Minister of State Pat Breen TD has launched the Propeller Shannon a start-up accelerator programme supported by Enterprise Ireland to enhance aviation and aerospace start-up businesses within Ireland.
Propeller Shannon is a partnership between the International Aviation Services Centre (IASC), DCU Ryan Academy for Entrepreneurs, Boeing, and Datalex, which aims to drive development of innovative Irish and international start-up companies in the aviation sector.
Propeller Shannon is now open to applications from teams or individuals in Ireland and from overseas working in the aviation, aerospace and travel tech sectors.
Ten slots are available within the programme which will be based at a dedicated innovation hub on the Shannon Free Zone.
Successful applicants will receive a three month placement to build and validate technologies by working with networks and mentors from global aviation companies like Boeing and Datalex.
The Accelerator programme is part of Enterprise Ireland’s overall to increase the number and quality of start-ups with the potential to employ more than 10 persons and achieve €1 million in export sales within three years.
Minister of State Pat Breen said: “I am delighted to officially launch the Propeller Shannon start-up accelerator here in my own constituency.
“Shannon has a great heritage of working in this sector and this programme will pave the way for a new generation of aviation entrepreneurs. This incubator programme 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.”
Speaking at the launch Joe Healy, division manager with Enterprise Ireland said: “A priority for Enterprise Ireland is to help entrepreneurs and companies to start and scale.
“By introducing this accelerator programme in co-ordination with Shannon Group and DCU Ryan Academy, Enterprise Ireland is leveraging our international reputation as an aviation hub and our world class start-up eco-system to allow businesses in this specialised and innovative sector to scale and succeed. We welcome and look forward to receiving applications from the sector within Ireland and from overseas.”