Cockpit, the innovation center established by EL AL, and JetBlue Technology Ventures, the investment arm of JetBlue, today announced the launch of Navigator, an accelerator program for Israeli and international startups working in the fields of aviation and travel.
The Navigator program will include exposure to strategic partners, initial funding and ongoing close guidance for startups in all aspects of their business development. The first global innovation center of its kind, Navigator will specialize in identifying and nurturing ground-breaking technologies, and in applying their inherent potential for use in the aviation and travel industries. Navigator will also provide the startups with the potential opportunity to present and test in real time the products they have developed.
Navigator targets startups from all over the world that deal with aviation and travel. The companies accepted will receive funding, office space in Israel and the United States, and hands-on mentoring that will include access to the broad global network of EL AL and JetBlue. The program also includes ongoing guidance in a wide variety of business activities, especially in the realms of sales and marketing, technology and legal issues. In addition, each startup selected for the program will gain exposure to leading professionals and customers in the global aviation and travel industries.
The companies will work for three months in Israel and an additional month in Silicon Valley. They will get an opportunity to present their developments to key players in the global aviation industry. After the four-month international program, alumni may be offered follow-up support for a further eight months in terms of a workspace and business development mentoring aimed at actualizing the partnerships that will be created.