Airbus sets up BizLab in Bengaluru

Targets to establish global network of aerospace business accelerators

Airbus has inaugurated a BizLab in Bangalore, its third after Toulouse, France and Hamburg, Germany, as part of its strategy to establish a global network of aerospace business accelerators.

In parallel, Airbus has opened a first round of applications for start-ups seeking support in the region. Applications are open until December 9.

Airbus launched its first global aerospace business accelerator in Toulouse in March as part of its innovation strategy to bring together start-ups and Airbus 'intrapreneurs' (internal entrepreneurs) to work and speed up the transformation of their innovative ideas into valuable businesses.

A second BizLab accelerator was opened in Hamburg, Germany, in September. The aim is to accelerate the pace at which it can commercialise innovative ideas drawn from within Airbus and outside, including from customers and other external partners.

"India is a strategic for Airbus and we are committed to increasing our footprint in the country," said Kiran Rao, Airbus evexecutive vice president, strategy and marketing. "Setting up Airbus Bizlab Bangalore, reinforces this commitment by further enhancing India's aerospace entrepreneurial eco-system."