IIMA Ventures and Jaivel Aerospace launch fund for defence, aerospace startups

IIMA Ventures has partnered with Jaivel Aerospace to launch an aerospace and defence acceleration fund aimed at backing early-stage startups in the sector.

The fund aims to back about 8-10 startups developing solutions in areas such as autonomy, advanced materials, advanced manufacturing, and secure communication systems.

According to this partnership, each company will receive up to $400K in pre-seed or seed funding, along with access to mentorship, development facilities and Jaivel’s global manufacturing network.

IIMA Ventures has already worked…