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|IAG Launches Its Third Hangar 51 Travel Tech Programme|
International Airlines Group (IAG) is launching its third Hangar 51 global innovation programme in collaboration with British Airways, Avios and IAG Cargo. The initiative will be based in London at the companies’ headquarters.
Start-ups from around the world are invited to join the industry-leading programme. Up to ten successful companies will be embedded in the heart of the business to develop and test their products with the opportunity to grow on a global scale.
In partnership with corporate innovation specialist L Marks, Hangar 51 supports start-ups of all sizes and growth stages to transform the travel industry.
The programme goes beyond a traditional accelerator and offers disruptive companies ten weeks of co-working alongside IAG. They will receive personalised mentoring and access to a vast network of industry contacts and experts from across the Group. Successful applicants will also showcase their achievements at a Demo Day before an audience comprised of the Group’s senior management team and investors. This will give them the opportunity to receive potential investment from IAG’s multimillion pound digital fund to scale their business.
The accelerator will focus on six core categories:
Dupsy Abiola, IAG’s head of global innovation, said: “IAG is passionate about cultivating and supporting the next generation of travel technology companies. As one of the world’s largest airline groups, disruptive start-ups can benefit from our size, scale and expertise to help drive faster product innovation. Hangar 51 is now in its third year and our last accelerators saw us receive 800 applications worldwide which led to investment in three start-ups. We’re excited about continuing our unique approach by bringing the start-ups to the heart of our business and harnessing their potential to transform the future of travel.”
Start-ups can now submit their applications to join Hangar 51 at www.hangar51.com. Applications will close at midnight BST on August 5, 2018.
May 29, 2018 IAG15
IAG combines leading airlines in Ireland, the UK and Spain, enabling them to enhance their presence in the aviation market while retaining their individual brands and current operations. The airlines' customers benefit from a larger combined network for both passengers and cargo and a greater ability to invest in new products and services through improved financial robustness.
British Airways and Iberia are members of the oneworld alliance.
About L Marks:
IAG press office: +44 208 564 2810