Enterprise Ireland launch round two of Propeller Shannon Aviation Accelerator Programme

26th September 2018

Propeller Shannon
Minister of State Pat Breen TD and Jerry Maloney, Regional Director South and South East, Enterprise Ireland

Accelerator programme, now open to applications from entrepreneurs and teams in the aviation sector

Following the success of the Propeller Shannon Start-Up Accelerator at Shannon Airport earlier this year, Enterprise Ireland today announced the launch of phase two of the Aviation Accelerator programme which aims to further enhance the aviation and start-up ecosystem within Ireland.

The Propeller Shannon start-up accelerator, a partnership between Shannon Group’s International Aviation Services Centre (IASC), DCU Ryan Academy for Entrepreneurs, and supported by Enterprise Ireland, Boeing, Datalex and the Irish Aviation Authority, aims to drive the development of innovative Irish and international start-up companies in the aviation sector.

The Propeller Shannon accelerator 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.

Similar to the first programme, successful applicants will receive a place within the programme for an incubation 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.

Joe Healy, Divisional Manager, High Potential Start-Ups, Enterprise Ireland said: “We were extremely impressed not only by the quantity but the quality and calibre of the submissions we received following last year’s call for applications and building on its success, we are pleased to announce the opening call for applications for the second phase of the Propeller Accelerator programme. Enterprise Ireland’s mission is to help businesses with global ambition to build scale and expand reach, and we are delighted to support the programme to help drive the development of innovative start-up aviation companies, setting their sights on competing and partnering with global players in the sector.”

Patrick Edmond, MD of Shannon Group’s International Aviation Services Centre (IASC) said "Shannon Group co-founded Propeller Shannon because we could see a gap within the aviation sector for a focused start-up accelerator. The response from the major aerospace companies to whom we’ve introduced the companies on the programme to has been both positive and productive. The most recent cohort of companies participating in the first programme are first-class, and it’s been very satisfying to see them engage with leaders in world aviation, making contacts and pitching their wares – we can see first-hand how the expertise and contacts made during the programme lift the efforts of the start-ups to an entirely different level."

Donal Brady, Chief Executive, DCU Ryan Academy said: “There are fantastic opportunities for aviation technologies in a rapidly emerging area and aviation has already been identified as a strategic priority for the government owing to its significant contribution to the economy. It is an industry that is growing both nationally and globally and Propeller Shannon is responding to the needs of this industry and the opportunities that it presents.”

Phase two of the Propeller Shannon Accelerator programme will commence on 29 January 2019. Applications are now being accepted, with closing date set for 5 November 2018. For further information please visit https://propellersnn.com

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About Enterprise Ireland

Enterprise Ireland is the Irish State agency that works with Irish enterprises to help them start, grow, innovate and win export sales in global markets. Enterprise Ireland partners with entrepreneurs, Irish businesses, and the research and investment communities to develop Ireland’s international trade, innovation, leadership and competitiveness. In this way, we support sustainable economic growth and regional development, and help create and sustain employment in Ireland. www.enterprise-ireland.com

About the Ryan Academy

The DCU Ryan Academy is a not-for-profit partnership between Dublin City University and the Ryan Family (Ryanair) with the objective to be the leading supporter of entrepreneurs and innovation in Ireland. Operating from its campus at Citywest, the DCU Ryan Academy bridges the gap between academia and entrepreneurial practice through a unique partnership between Ireland’s youngest university, DCU, and the family of one of Ireland’s greatest entrepreneurs, Tony Ryan. The DCU Ryan Academy supports a vision where entrepreneurship and innovation are recognised as key drivers of Irish business success and acts as a catalyst in helping to develop an entrepreneurial mind-set and a real focus on innovation amongst Irish SME’s, corporates, start-ups and researchers through a range of training, leadership and funding initiatives. Learn more at http://www.ryanacademy.ie/

About IASC

Shannon is home to the largest aerospace and aviation cluster in Ireland, with over 60 firms and growing steadily. The Shannon aviation cluster spans the industry value chain, encompassing everything from aircraft leasing, maintenance and recycling to component manufacture, parts repair and business aviation. Shannon Group’s International Aviation Services Centre (IASC) helps these companies to develop their businesses. It also supports new entrants keen to join this growing nucleus of aerospace excellence, ensuring that Shannon remains a global centre for the aviation industry. www.iasc.aero

ENDS

For further information please contact:

Nicola Corboy

Press & Media Relations

Enterprise Ireland

Nicola Corboy

:+353 1 727 2973

+353 86 021 0114