Boeing has created a new “innovation cell” called HorizonX that will seek out and encourage new emerging and “potentially transformative” technologies and business models in aviation, the company said this week. Among its first investments is three-year-old Zunum Aero, based in Kirkland, Washington, which is pursuing the development of electric-powered aircraft. “We are passionate about high-speed connectivity to every community and neighborhood, so you can live where you like, get anywhere fast, and leave behind a healthy planet,” says the Zunum website. JetBlue Technology Ventures is partnering with Boeing to support Zunum’s work.
“The Boeing HorizonX team will build on Boeing’s advanced technology and depth of aerospace expertise in design, development and manufacturing while bringing in outside perspectives and leveraging the speed and agility of a wide range of companies and research organizations,” said Greg Smith, Boeing CFO. “As part of our company strategy to accelerate growth and productivity, we intend to be flexible and move quickly to identify technologies, business models and market opportunities that hold the promise of creating and delivering more value for our customers and other stakeholders.”
