Bizlab selects six Indian companies for the second season of its programme in Bengaluru
The company started the initiative in March 2015 and has facilities in Toulouse and Hamburg, apart from Bengaluru.
A total of 137 applicants from nine countries participated in the latest season. Seven companies-five from Bengaluru, one from Mumbai and one from Singapore were selected.
The program is designed for aerospace and other start-ups that have products/solutions that can be adapted for the aerospace sector such as robotics, internet of things, data analytics, virtual/augmented reality, supply chain, fintech, gaming, manufacturing and image processing, Airbus said in a release.
BizLab supports the startups in a six-month acceleration program. The companies have access to a number of Airbus coaches, technical and business experts and mentors in various domains, free hosting, and a Demo Day with Airbus decision makers, venture capitalists, Airbus customers and partners.
“Each start-up we have selected carries the potential to shape the future of aerospace. Our job is to help them realize their potential,” said Bruno Gutierres, Global Head Airbus BizLab.
Gutierres also said the ecosystem in India is very different from the other Bizlab facilities in Europe in terms of fiercer competition.
The start-ups from Bengaluru are Earth2Orbit from which creates data products that use satellite imagery to provide location specific commercial, economic, environmental and social information; eFlight which offers information such as fuel burn and air traffic control plans to a pilot on board from its app or website–a pilot can even get ATC clearance via SMS; Neewee, which uses internet of things to diagnose problems with aircraft; Stelae Technologies which uses Artificial Intelligence (AI) software to manage and structure data; SYmbosim which provides solutions for design of composite materials and structure used to make planes; Mumbai-based Accelo which provides safety solutions based on AI and Singapore’s Innovative Binaries which provides an AI platform for data which would help maintenance of aircraft.
Source: The Economic Times