BAE Systems has launched its new incubator program, Launchpad, designed to take dual-use technologies beyond the defense sector and help innovations reach their full commercial potential. The program directly addresses the challenge of moving defense technologies beyond prototype development by spinning them out into independent start-up businesses. This aligns with a key priority outlined in the UK's Defence Industrial Strategy, which calls for 'constant innovation at wartime pace' and highlights the need for more successful spinouts from UK-developed technologies.
The program is designed to leverage BAE Systems' position as a technology innovator to support national priorities, including rapid technology incubation, sovereign capability, and economic growth. It also provides start-ups with access to customers across a broader range of sectors, such as energy and advanced manufacturing. By doing so, Launchpad aims to create new opportunities for the UK's defense industry to adapt and evolve in response to emerging threats and technological advancements.
The first company established by the Launchpad program is Rho-C, which will exploit technology originally developed for use in submarines, enabling the transmission of power and data through solid materials. This technology has the potential to significantly improve the efficiency and safety of operations in the oil and gas industry. Rho-C is currently in the process of closing its first venture capital funding round.
The success of Launchpad will depend on its ability to identify and support promising technologies, provide the necessary resources and expertise for start-ups to succeed, and create a sustainable ecosystem that fosters innovation and growth. As the program progresses, it may also explore partnerships with academics and other technology specialists, including opportunities using quantum clocks for radar and hyperspectral sensing. The potential impact of Launchpad on the UK's defense industry and beyond is significant, and its success will be closely watched by experts and policymakers alike.
The launch of Launchpad represents a significant step forward in BAE Systems' efforts to drive innovation and growth in the UK's defense industry. By leveraging its position as a technology innovator, the company is well-placed to support national priorities and create new opportunities for start-ups to succeed.
