T-Hub with HAL to support startups in the Aerospace sector
T-Hub has announced a strategic partnership with Hindustan Aeronautics (HAL) which aims to support startups in the Aerospace sector, and both organisations have formalised their alliance by signing a Memorandum Of Understanding(MoU) for a two-year term.
This partnership will offer industry expertise, resources, and access to markets, providing startups with the necessary tools to develop and scale their technologies.
HAL will assist startups in building Proof of Concepts (PoC), giving them the opportunity to gain valuable industry expertise and support to bring their ideas to fruition. Meanwhile, T-Hub will provide access to a diverse network of startups with expertise in niche technological areas, as well as mentorship, training, and support services to help startups succeed.
MSR, CEO, T-HUB, said, “We are very excited to partner with Hindustan Aeronautics to support startups in the aerospace sector. By leveraging HAL’s expertise and T-Hub’s resources, startups can gain valuable support and guidance to bring their ideas to market. This can include access to specialized facilities and equipment, guidance on industry best practices, and opportunities for collaboration and co-innovation. We are hopeful that our partnership will foster a culture of innovation and entrepreneurship in India’s aerospace sector, driving growth and creating new opportunities for startups”.
Dr D K Sunil, Director (Engineering, R&D), Hindustan Aeronautics Limited commented, “India has a strong innovation ecosystem. Innovation workshops, startup interactions, and a proper and timely mentoring will serve as a great opportunity for these upcoming technology-driven startups to find their momentum and accelerate in the right direction. We are delighted to be associated with such an initiative and also anticipate that this partnership will help the country and HAL in particular to achieve self-reliance in cutting edge defence technologies in line with GOI’s Atmanirbar campaign”.
HAL has started a process of a funding mechanism wherein 2% of the operating profit after tax is exclusively earmarked for startup engagement. HAL is also concentrating on research and development, indigenization, and startup corpus apart from the contribution of HAL towards the government of India’s Atmanirbhar campaign.
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