9 ventures be part of first SoCal-UK House Accelerator

TAMPA, Fla. — Mandala House Ventures, a Californian enterprise studio and incubator, introduced July 8 the 9 United Kingdom-based startups collaborating in its UK House Company-funded accelerator program this fall.

The eight-week digital course begins Sept. 3 and culminates with an in-person investor pitch day on the California Institute of Know-how (Caltech) in Pasadena, California. 

The SoCal-UK House Accelerator creates a “transatlantic portal for excellent concepts from the U.Ok.,” stated Mandala founder and CEO Leon Alkalai, serving to put together them for enterprise capital and entry to the U.S. market.

Mandala picked the U.Ok. cohort from a complete of 42 proposals, added Alkalai, who based Mandala three years in the past after retiring as a Technical Fellow at NASA’s Jet Propulsion Laboratory (JPL).

Alongside networking alternatives with potential traders, he stated this system goals to attach early-stage U.Ok. house ventures with mentors from JPL.

Identify	Description
Agtelligence	Agriculture-focused Earth remark evaluation supplier.
Angoka	Machine-to-machine communications software program specialist.
Lodestar	A developer of robotic actuators for in-orbit inspection and seize missions.
Lumi	Software program platform supplier for orbit monitoring and atmospheric turbulence monitoring.
Second Star	Satellite tv for pc propulsion system producer.
House Photo voltaic	House-based solar energy know-how developer.
Saif Programs	Software program-based guardrail developer for autonomous synthetic intelligence options in house.
Common Environment Processing (UAP)	A supplier of gasoline seize know-how that would assist sustainable human habitats in house.
Frontier House Tech	A miniaturized, autonomous laboratory developer for drug discovery in microgravity.

The SoCal-UK House Accelerator is one in all 4 accelerators the UK House Company introduced in February as a part of a pilot program with as much as 500,000 British kilos ($641,000) of funding.

Mandala lately accomplished the same accelerator program for the Canadian House Company.

In the meantime, Alkalai stated Mandala has began reaching out to potential traders to boost $50 million for its second funding fund.

Mandala raised $16 million in its first fund three years in the past and invested it throughout 10 corporations, together with rocket motor producer Adranos, which bought to U.S. protection contractor Anduril Industries final yr.

Alkalai stated Mandala can also be invested in Lynk World, which is in the course of merging with publicly traded shell firm Slam Corp in a deal valuing the direct-to-smartphone satellite tv for pc operator at $800 million.

As a part of the accelerator program, he stated Mandala plans to introduce the SoCal-UK House Accelerator cohort to the agency’s enterprise capital community in Southern California for doable funding forward of a pitch day scheduled for Oct. 25.

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