Cockpit Innovation Hub, EL AL Israel Airlines‘ venture arm, and JetBlue Technology Ventures have announced the inaugural class of its Navigator program, an international accelerator for startups in the air travel industry.
Cockpit Innovation and JetBlue Technology Ventures invited a short list of startups to Israel to meet industry experts and an investment committee as the final interview process. Following a thorough review in digital, IT, cyber, revenue management and financial technology fields, the five startups chosen to participate are: Cambiu, Voyjer, 30SecondsToFly, SeatAssignMate and SWITCH.CM.
“The first Navigator class is an exciting and diverse group of startups handpicked from over 25 countries,” said Henry Chen Weinstein, CEO, Cockpit Innovation Hub. “Bridging Tel Aviv and Silicon Valley, two of the leading startup hubs on earth, enables our partners to harness the power of innovation and stay at the forefront of the industry.”
Throughout the program, startups work to further develop their technology and business plans for three months in Israel and one month in Silicon Valley. Upon completion, the companies will present their ventures to key figures in the global aviation industry with the opportunity to continue joint ventures for an additional eight months.
“We’re thrilled by the ideas we’re seeing in this inaugural Navigator class,” said Bonny Simi, President, JetBlue Technology Ventures. “By combining a wealth of aviation and technology expertise with actual platforms and connections to incubate ideas within the airline industry, we are perfectly positioned to directly help startups shape the future of the travel.”
Cockpit Innovation and JetBlue Technology Ventures are investing approximately $50,000 in each startup and will consider follow-on investments in outstanding start-ups participating in the Navigator program and afterwards.
For details on the Navigator program, visit www.cockpitinnovation.com Learn more about EL AL news, special promotions and events in Israel plus useful travel tips at www.elal.com and by joining the airline on Facebook (ELALIsraelAirlinesUSA) and Twitter (@ELALUSA).