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BAE Systems launched Launchpad, an incubator program focused on advancing dual-use technologies outside the defense sector. This initiative responds to the UK's Defence Industrial Strategy, which emphasizes innovation and successful technology spinouts.

Launchpad aims to support national priorities by facilitating rapid technology incubation and providing start-ups access to diverse sectors. The first start-up, Rho-C, will apply submarine technology for power and data transmission, enhancing efficiency in the oil and gas industry. Rho-C is currently closing its first venture capital funding round, with future ventures potentially involving academic and technological partnerships.