Wednesday, February 10, 2021

New Startup Accelerator, SCALE Aerospace Ventures, Launches In LA

A new startup accelerator, SCALE Aerospace Ventures, launched in Los Angeles on Tuesday, backed by UCLA and Starburst, the company that had backed the Techstars Starburst Space Accelerator. According to Starburst, is has launched the new accelerator in collaboration with UCLA, aimed at building an aerospace innovation hub in Los Angeles. Starburst said it was awarded a 2020 Venture Challenge grant of $1.4 million by the US Economic Development Administration to create the new accelerator. The first class of the accelerator runs from May 10th through August 6th. Starburst says it is seeking to help advance novel technologies with aerospace applications and build the next generation of aerospace startups in the Los Angeles area.