Xylene is proud to announce to be selected as one of the elite startups to the Takeoff Accelerator Programme in Turin Italy.
Takeoff is the first Italian Accelerator dedicated to startups developing solutions and services in the aerospace and advanced hardware sectors. With an initial endowment of more than 21 million euros, Takeoff is a joint initiative of promoters and investors CDP Venture Capital SGR – Fondo Nazionale Innovazione, Fondazione CRT and UniCredit, together with Plug and Play Tech Center (Co-investor and operating manager), OGR Torino (Innovation & networking partner), Unione Industriali Torino (Institutional Partner) and Leonardo and AVIO (Corporate Partners).
For the first batch, Takeoff selected the top 10 teams to join the 5-month acceleration program. The chosen startups receive a 120k€ initial investment, training, mentorship and can partner with the network to develop pilots and proof of concepts and potentially get a follow-on investment of up to 500k€.
For Xylene this marks a new stage in the growth of our vision to building a solution that enables easy transparency and compliance for global supply chains. We are excited to about joining this elite network of investment partners and corporate partners.