Banbridge-based innovator in distributed ledger technology solutions, ubloquity, has earned a place on the prestigious Aerospace Xelerated (AX) programme - a first for any company in the sector Ireland.
Since its inception in 2019, the industry-backed AX programme has invested in, mentored, and supported more than 40 tech start-ups from 14 countries across 12 different industries, developing scalable and sustainable solutions for the aerospace industry and beyond.
Ubloquity will now gain access to major business and investment opportunities (previous AX participants have collectively raised more than £200 million in additional funding and created 750 jobs globally).
Secretary of State Chris Heaton-Harris said: “Northern Ireland has a thriving tech sector, and it’s great to see ubloquity’s work recognised in this manner, opening up new opportunities for the company to develop and bring their products to international markets.”
Investment Minister Lord Johnson added: “Congratulations to ubloquity for landing this fantastic opportunity.
“It is a huge vote of confidence in this Northern Ireland based tech start-up and its superbly talented people.
“Having access to major, new business and investment opportunities through the Aerospace Xelerated programme will be invaluable to the start-up. I’m excited to see the innovation and expertise ubloquity will bring to the aerospace sector.”
Nichola Bates, managing partner for Aerospace Xelerated, said: “As a Northern Irish businesswoman myself, and a huge supporter of local entrepreneurs and start-ups, it gives me great pleasure to welcome ubloquity on to the AX programme.
“They’ve built a highly talented team with a great track record of delivering results. Their proprietary technology validates and verifies the accuracy of data, be that claims about carbon use or carbon capture, or information produced in laboratories or factories. Applying their brains and know-how to the aerospace sector is an exciting prospect.”
Ubloquity chief executive Rob Chester added: “Being selected for the Aerospace Xelerated programme is a tremendous honour and will help move us up a gear. Our aim is to find new and innovative ways to deploy our technology to even more industries and sectors across the globe.”
