French aerospace and defence company Starburst Accelerator SARL is partnering with Indian Institute of Technology Madras (IIT Madras) to set up an innovative hub for startups with a funding support of €100 million (100 Million Euros). Through this collaboration, IIT Madras aims to nenable Starburst to set up accelerator programs to boost Aviation, Space, and Defence (ASD) ecosystem in India.
An MoU towards this collaboration was signed at IIT Madras campus in the presence of representatives from IIT Madras and Starburst Aerospace.
Starburst is a global aerospace and defence accelerator, claimed to be connecting startups with corporates, investors, and government. With offices in Los Angeles, Paris, Munich, Singapore, Seoul, Tel Aviv, and Madrid, the team has built an ecosystem of key players with 17,000+ startups in its network.
Starburst, known for its global network and deep industry knowledge, brings invaluable experience to the collaboration. By offering a conducive environment for innovation and entrepreneurship, the partnership aims to strengthen India’s position as a hub for ASD innovation on the global stage.
Looking forward to this collaboration, François Chopard, Founder and CEO, Starburst Aerospace, said, “We believe it is the right momentum to faster emergence of pioneer boundary-pushing technological innovations in India. We’re proud and honoured to collaborate with IIT-Madras and work with such prestigious institution in the country. We together aim at creating a robust ASD ecosystem that support innovation in Deeptech, and the production in India, to meet the future challenges of Aerospace, New Space and Defence worldwide players”
A key focus of this partnership will be on entrepreneurs, research parks, investors (public and private), Government, and corporate firms. Starburst Accelerator SARL will work towards achieving long-term Indian ASD program ambitions. The aim is to create innovative startups and help them grow rapidly to work in tandem with future aerospace and New Space worldwide programs.
Highlighting the benefits to India from this Startup accelerator initiative, Prof. V. Kamakoti, Director, IIT Madras, said, “Encouraging young entrepreneurs is extremely important as we embark on our journey to become a multi-trillion economy. To this effect, reputed higher educational institutions must aspire to nurture future employers than employees. In this context, such collaborations with accelerators to nurture startups in critical and emerging sectors are crucial and timely.”
This program will provide access to entrepreneurs and innovators, drive new technologies, business ideas, and models, and boost the Indian aerospace and defence innovation ecosystem. It will also allow startups and entrepreneurs to explore synergies and avenues of collaboration with Industry, Government, and beyond besides guiding them towards rapid implementation and global commercialization.
These measures will also help start-ups attract external capital, de-risk investments and accelerate development.
Some of the projects that could be taken up in India through this partnership include:
Ø Market analysis and scouting of identified technology for aerospace or defence players (disruptive market)
Ø Innovation transformation of a market leader in his domain
Ø International expansion strategy for SMEs & Go-to-Market Strategy
Ø Design and structuration of a lab for government or corporate.
Ø Market Sizing & Growth Potential
Ø Product-Market-Fit Analysis
Ø Investment/M&A Due Diligence (Buy-side & Sell-side)
An MoU towards this collaboration was signed at IIT Madras campus in the presence of representatives from IIT Madras and Starburst Aerospace.
Starburst is a global aerospace and defence accelerator, claimed to be connecting startups with corporates, investors, and government. With offices in Los Angeles, Paris, Munich, Singapore, Seoul, Tel Aviv, and Madrid, the team has built an ecosystem of key players with 17,000+ startups in its network.
Starburst, known for its global network and deep industry knowledge, brings invaluable experience to the collaboration. By offering a conducive environment for innovation and entrepreneurship, the partnership aims to strengthen India’s position as a hub for ASD innovation on the global stage.
Looking forward to this collaboration, François Chopard, Founder and CEO, Starburst Aerospace, said, “We believe it is the right momentum to faster emergence of pioneer boundary-pushing technological innovations in India. We’re proud and honoured to collaborate with IIT-Madras and work with such prestigious institution in the country. We together aim at creating a robust ASD ecosystem that support innovation in Deeptech, and the production in India, to meet the future challenges of Aerospace, New Space and Defence worldwide players”
A key focus of this partnership will be on entrepreneurs, research parks, investors (public and private), Government, and corporate firms. Starburst Accelerator SARL will work towards achieving long-term Indian ASD program ambitions. The aim is to create innovative startups and help them grow rapidly to work in tandem with future aerospace and New Space worldwide programs.
Highlighting the benefits to India from this Startup accelerator initiative, Prof. V. Kamakoti, Director, IIT Madras, said, “Encouraging young entrepreneurs is extremely important as we embark on our journey to become a multi-trillion economy. To this effect, reputed higher educational institutions must aspire to nurture future employers than employees. In this context, such collaborations with accelerators to nurture startups in critical and emerging sectors are crucial and timely.”
This program will provide access to entrepreneurs and innovators, drive new technologies, business ideas, and models, and boost the Indian aerospace and defence innovation ecosystem. It will also allow startups and entrepreneurs to explore synergies and avenues of collaboration with Industry, Government, and beyond besides guiding them towards rapid implementation and global commercialization.
These measures will also help start-ups attract external capital, de-risk investments and accelerate development.
Some of the projects that could be taken up in India through this partnership include:
Ø Market analysis and scouting of identified technology for aerospace or defence players (disruptive market)
Ø Innovation transformation of a market leader in his domain
Ø International expansion strategy for SMEs & Go-to-Market Strategy
Ø Design and structuration of a lab for government or corporate.
Ø Market Sizing & Growth Potential
Ø Product-Market-Fit Analysis
Ø Investment/M&A Due Diligence (Buy-side & Sell-side)
