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© william87-dreamstime.com Electronics Production | August 13, 2013

Flextronics to help lucky eight

Earlier this year, Flextronics established the Lab IX accelerator program to support early stage disruptive technology companies incorporating hardware and software innovation.
Now, just a few months after establishment, some 67 companies have already applied for entry to the program. And for a lot of new startups this is exactly what's been missing – they have the idea/product but not the funds to get it off the drawing board.

Out of the 67 companies that have applied, a lucky eight companies have been selected (so far) for the Lab IX program. Flextronics will invest roughly USD 500'000 in each company – provide office and manufacturing space – as well as business support in terms of how to protect intellectual property, according to a report in National Defense Magazine.

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