Armada Technologies (Armada) is proud to be part of the 2023 Graduating Class of the Creative Destruction Lab (CDL); it was a game-changer!
Armada was chosen to participate in the CDL Climate Stream at the Oxford site. The criteria and focus in the program were on ‘high impact contributions to climate challenges by unlocking the potential of cutting-edge research and accelerating its path to commercialization’.
The CDL program is not for the faint of heart – it is intense and rigorous. Alex Routledge, Armada CEO commented: ‘We are delighted to have graduated the CDL program – CDL is an objective-focused, Darwinian process for massively scalable technology-based companies and is overseen by some of the world’s most successful entrepreneurs, investors, scientists and mentors who willingly offer up perspectives and experiences to push out the boundaries of the possible. Having evolved rapidly during the nine months program, the Armada team is now armed with the guidance, connections and direction to ‘build something massive’.
Michael Wilshire, a CDL mentor stated: ‘Armada’s air lubrication technology has the potential to significantly reduce the amount of fuel needed in commercial shipping by lowering friction between water and the ship. This is relevant in terms of both reducing emissions and improving shipping economics, given that today’s commercial ships run mainly on fossil fuels, which typically account for about half their operating costs. It has been great to support Alex and the rest of the [Armada] team as they develop the business, technology, and commercial opportunities. I wish them every success with their venture’.
The CDL is a technology-first program, designed to assist motivated company founders seeking guidance in their ventures. CDL only looks for technology that is innovative, defensible, and scalable with exciting potential with a well-positioned team that can drive the success of the technology. Armada Technologies met all the necessary criteria!
#entrepreneurship #CDLalumni #startup #climatechange