Airbus Bizlab India signed a Memorandum of Understanding (MoU) with the government of Kerala on Saturday to help establish an aerospace-focused innovation centre in Thiruvananthapuram, South India.
Under the MoU, Airbus Bizlab India will coordinate with global Airbus teams and startups to develop Proof of Concepts with the support of different public agencies in Kerala. Upon successful demonstration of the Proof of Concepts by Airbus teams and startups, the innovation centre will help them set up partnerships and deploy the chosen technologies in the state.
The Government of Kerala will provide the space for the centre as well as logistical support to manage and run the programme. The mission has been envisioned for a year to begin with.
Airbus BizLab is a global aerospace business accelerator where startups and Airbus intrapreneurs speed up the transformation of innovative ideas into valuable businesses. Since its inception in 2015, Airbus BizLab has accelerated 50 startups and 40 internal projects, which have raised a combined € 19.5 million.