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Airbus BizLab subsidiaries tie up with three Indian startups

Press Trust of India  |  Bengaluru 

subsidiaries, and Aerial signed contracts with three Indian startups here today with an benchmark in aeronautical data services, flightoperations and imagery services.

The contracts were signed with Eflight, a Bengaluru-based startup, and Devices based out of Chennai and NaviMumbai respectively.

"For the last couple of years I have been convinced with the potential and the quality of entrepreneurs in I am pleased to see that all these partnerships between andIndian startups are proving me right," BizLab, Global Head, Bruno Gutierres,said on the occasion.

As part of the take-off programme, Airbus will sponsor two travels to for Indian startups in a period of six months as well as fund up to 50,000 euros to them forthe demonstration of proof of concept.

Navblue, Chief Strategy and Innovation Officer, said has aproven capacity for innovation within the IT sector, which isdemonstrated by the startups present at the Airbus'

The company also sees the potential of the aerospace industry given the fact that has the world's fastest-growing domestic

The company said the agreements mark the successful culmination of season 3 of Airbus BizLab's startup acceleration programme "Take Off-2018," which seeks to bolster the Indian government's 'Make in India' and 'Startup India' initiatives.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 13 2018. 16:55 IST