This collaboration will support startups in the aerospace and defence composite market, which is predicted to grow at a compound annual growth rate (CAGR) of 13.1% from 2021 to 2027, according to Statista.
Both the companies will offer industry expertise, resources, and access to markets, providing startups with the necessary tools to develop and scale their technologies.
How T-Hub, HAL will support startups
HAL will assist startups in building Proof of Concepts (PoC), giving them the opportunity to gain valuable industry expertise and support to bring their ideas to fruition.
“India has a strong innovation ecosystem. Innovation workshops, startup interactions, and a proper and timely mentoring will serve as a great opportunity for these upcoming technology-driven startups to find their momentum and accelerate in the right direction,” said Dr DK Sunil, Director (Engineering, R&D), Hindustan Aeronautics Limited.
“We are delighted to be associated with such an initiative and also anticipating that this partnership will help the country and HAL in particular to achieve self-reliance in cutting edge defence technologies in line with GOI’s Atmanirbar campaign,” he added.
T-Hub will provide access to a diverse network of startups with expertise in niche technological areas, as well as mentorship, training, and support services to help startups succeed.
“We are very excited to partner with HAL Hindustan Aeronautics Limited) to support startups in the aerospace sector. By leveraging HAL’s expertise and T-Hub’s resources, startups can gain valuable support and guidance to bring their ideas to market,” Srinivas Rao Mahankali, CEO of T-HUB, added.
“This can include access to specialised facilities and equipment, guidance on industry best practices, and opportunities for collaboration and co-innovation. We are hopeful that our partnership will foster a culture of innovation and entrepreneurship in India’s aerospace sector, driving growth and creating new opportunities for startups,” Mahankali noted.
