Chennai: To boost India’s aviation, space and defence ecosystem (ASD), French aerospace and defence firm Starburst Accelerator SARL is partnering with.
French aerospace and defence firm Starburst Accelerator SARLis partnering withIndian Institute of Technology Madras(IIT Madras)to set up an innovative hub for start-upswith a funding support of €100 million (100 Million Euros).
French aerospace firm Starburst Accelerator SARL collaborates with IIT Madras to establish a startup hub in India with a funding support of €100 million. This partnership aims to enhance the Aerospace, Space, and Defence (ASD) ecosystem in India, focusing on market analysis, technology scouting, and international expansion strategies for Indian startups. The initiative will also create venture capital funds for ASD technology and provide export promotion support for Indian startups to explore international markets.
Get latest articles and stories on Business at LatestLY. According to IIT Madras, Starburst intends to create venture capital funds specifically tailored for ASD technology, aiming to catalyse India's economic transformation and its integration into global markets. Business News | French Firm Starburst Accelerator SARL Collaborates with IIT Madras to Establish 100 Mn Euros Start-up Hub.