Dimetor has been awarded the Scale-up of the Year title in the Spacetech and Aviation category at the EY Scale-up Award 2024, a notable recognition for its pioneering automated data processing and exchange platform bridging telecommunications and aviation systems. This accolade is part of an initiative by EY and its 32 partners to spotlight and support high-potential start-ups in Austria. As one of the most challenging awards to win in the startup community, it is an honor to receive such a prize.
Event Overview
Now in its third year, the EY Scale-up Award aims to foster the growth of domestic start-ups. The event saw over 250 applications this year, reflecting a vibrant start-up ecosystem. The competition identified scale-ups and rising stars across twelve categories and a particular category, “Spin-off of the Year.”
A robust multi-stage application process, evaluated by more than 60 high-caliber jury members, ensured a thorough assessment of each contender. The process included growth maturity assessments, benchmarking, and live pitch presentations. Winners received consulting packages worth approximately 150,000 euros to support their growth journeys.
Judging Process
The jury was organized into six areas of expertise, considering start-ups on the following criteria:
1. Business Model & Go-to-market Strategy
2. Business Execution & Scalability
3. Brand Value, Marketing & Sales Excellence
4. Organizational Structure & Team
5. Financials & Capital Structure
6. Governance/Regulatory/Risk
Scale-up of the Year in Spacetech and Aviation: Dimetor
Dimetor’s win in the Spacetech and Aviation category highlights its innovative contributions to the industry. The company’s automated data processing and exchange platform facilitates seamless communication between telecommunications and aviation systems, representing a significant technological advancement in the aviation industry. Mobile communication is critical to scaling BVLOS operations. With the recent publication of the JARUS SORA 2.5, the aviation community finally has a developed framework for utilising the data provided by Dimetor and its software AirborneRF as a Means of Compliance with safety requirements.
We at Dimetor enable safe UAV (unmanned aerial vehicle) operations by leveraging mobile connectivity and creating AI and UAV applications for infrastructure surveillance. Our products, such as AirborneRF and Airborne AI, monetise business cases for Beyond Visual Line of Sight (BVLOS) UAV operations.
The EY website states, ‘Dimetor has developed the first automated data processing and exchange platform between telecommunications and aviation systems.’
Benefits for Participants
The EY Scale-up Award offers more than just recognition. Participating start-ups gain invaluable insights through analyses, discussions, and coaching sessions. These interactions provide strategic guidance for their next growth steps or upcoming financing rounds, aligning with the competition’s motto, “Higher Ahead.”
Broader Impact
The EY Scale-up Award and its associated program are essential in supporting promising start-ups. By providing a comprehensive assessment and expert feedback, the award helps these companies refine their strategies and accelerate their growth. The competition highlights innovation and resilience and promotes a thriving entrepreneurial ecosystem.
Dimetor is happy to have participated in the event, and we are incredibly proud to have won such a prestigious award.
Conclusion
Dimetor’s achievement as Scale-up of the Year in Spacetech and Aviation at the EY Scale-up Award 2024 is a testament to its groundbreaking work in creating an automated data processing platform for the aviation industry.
This recognition and the support provided by EY and its partners propel Dimetor towards continued success and innovation. Through its rigorous selection process, the EY Scale-up Award underscores the importance of nurturing and supporting the growth of start-ups with high potential in Austria.