22 January 2019
A new aviation technology hub to support entrepreneurship in aviation has opened at Cranfield University.
The initiative is a partnership between Cranfield University and Barclays Bank, 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 entrepreneurs to scale and grow, and features facilities to support rapid prototyping, product development and specialised avtech equipment.
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 alum 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.”
