Febuary 26, 2020- ELTA Systems, a division of Israel Aerospace Industries (IAI), is partnering with the international accelerator MassChallenge office in Israel in offering a acceleration program of a unique Future Sensing companies. The program targets startups that develop high-frequency sensors, quantum computing, photonics, acoustics, ultrasonic, and other disruptive sensory or sensory data fusion technologies. ELTA offers the participating startups significant support, including access to customers and global markets in which ELTA is present, and the option to be integrated with ELTA’s airborne intelligence, cyber, ground and air defense, and space systems. This first-of-its-kind collaboration embodies IAI’s strategy to expand its global innovation partnerships with startups involved in sensory technologies.
Yoav Turgeman, IAI VP and CEO of ELTA, said, “Under the collaboration with MassChallenge, ELTA will be part of the selection processof the startups that will participate in the Future Sensing program and review the startups that already joined MassChallenge. The identification of innovative technologies that are relevant for IAI needs will contribute considerably to our future growth engines. The accelerator program includes mentoring, joint development, and business collaborations. The participating startups will be chosen with ELTA to develop technologies that meet pre-defined criteria to promote innovation, expand our business operations, and preserve ELTA’s technological superiority. Yonit Serkin, managing director of MassChallenge Israel, said, “Our collaboration with IAI is growing closer, providing MassChallenge with a strategic partner for creating a high-quality infrastructure for startups that seek to transform their innovation into trailblazing products for the global market. ELTA’s local and global capabilities infuse excellence into MassChallenge’s international network of collaborations with global corporations and high-profile investors.”