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IIT Madras, Starburst To Set Up Accelerator For Aviation Startups


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The Indian Institute of Technology (IIT) Madras has partnered with French aerospace company Starburst Accelerator SARL to establish an innovation hub for startups in the aviation, space, and defence (ASD) sector. With a funding of 100 million euros, the initiative aims to mentor emerging Indian startups and help them raise external capital and accelerate development. The accelerator program will provide business tools for startups to scale up, promote exports, and explore international markets. The collaboration is part of India's efforts to reduce imports of defence equipment and support the indigenous production of defence technology.

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