Barclays and Cranfield University help entrepreneurs take flight

Barclays and Cranfield University help entrepreneurs take flight

Success story by Cranfield University

 

AvTech Eagle LabLaunched at Cranfield University, AvTech Eagle Lab is a co-working space for ambitious entrepreneurs, drawing on the University’s aerospace heritage stretching over 70 years.

The Chairman of Barclays, John McFarlane, opened the new aviation technology hub at Cranfield University earlier this year. The hub is a partnership between Cranfield University and Barclays, establishing the first Eagle Lab dedicated to aviation technology, or ‘AvTech’, based on the University’s campus.

The hub offers a co-working space for ambitious entrepreneurs to scale and grow, and features facilities to support rapid prototyping, product development and specialised AvTech equipment.

The Eagle Lab is the first step in the University’s ambitious aviation, innovation and entrepreneurship project which will create unique specialist enterprise facilities and programmes at Cranfield University to support start-ups and SMEs, particularly those with high-growth potential. Cranfield is one of the leading aerospace universities in the world and is home to the UK’s first digital air traffic control centre, which opened in December 2018.

Professor Tom Stephenson, Pro-Vice-Chancellor for Research and Innovation at Cranfield University, said: “We are delighted that Barclays has opened an Eagle Lab on campus, marking the first step of our ambitious aviation, innovation and entrepreneurship project, an intensive support package for aerospace and aviation entrepreneurs.

"The Government has rightly identified the potential of SMEs to develop the industry’s technologies of the future and at Cranfield we are determined to do all we can to support businesses in the region help realise their ambitions."

John McFarlane, Chairman of Barclays and MBA alumnus of Cranfield University, said: “New technology is rapidly transforming the aerospace and aviation industry, and we want to ensure businesses across the South East Midlands, large and small, can take advantage of and contribute to this huge opportunity.

“That’s why we’re excited to open a Barclays Eagle Lab here at Cranfield University, helping entrepreneurs turn a clever idea into a thriving business by giving them access to world-class facilities and a network of potential clients, investors and mentors. Ultimately, we hope this Lab will help to stimulate and accelerate not just the local economy, but the industry as a whole.”

 

Published: 13 March 2019

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