Mumbai, India – March 29, 2024 – In a landmark move set to redefine the landscape of the Aerospace, new Space, and Defence (ASD) industry in India, the Indian Institute of Management Mumbai (IIM Mumbai), one of India’s premier business schools, has entered into a strategic collaboration with Starburst, the leading European Aerospace, new Space, and Defence (ASD) accelerator. This strategic partnership aims to cultivate an ASD ecosystem centered around IIM Mumbai, providing vital support and resources to ASD startups across the nation.
The collaboration comes at a pivotal moment as India experiences unprecedented growth and transformation within the ASD sector. Recognizing the immense potential and significance of fostering innovation in this domain, Prof. Manoj K Tiwari, Director of IIM Mumbai, and Mr. Francois Chopard, representing Starburst, formalized this partnership through a signing ceremony held at IIM Mumbai on March 26, 2024.
The event witnessed the presence of esteemed guests including Mr. Rajinder Bhatia, Chairman, of Defence Business, Kalyani Group & SIDM President, and Mr. Anil Verma, Executive Director and CEO at Godrej & Boyce, who graced the occasion as the Chief Guest and Guest of Honor respectively.
“This strategic collaboration between IIM Mumbai and Starburst signifies a crucial step towards nurturing and empowering the burgeoning ASD startup ecosystem in India,” remarked Prof. Manoj K Tiwari. “By leveraging the expertise and resources of both institutions, we aim to provide unparalleled support to ASD startups, enabling them to thrive and contribute significantly to India’s ASD industry.”
Starburst, known for its global network and deep industry knowledge, brings invaluable experience to the collaboration. “We are excited to partner with IIM Mumbai to foster innovation and entrepreneurship within the Aerospace, new Space, and Defence sector in India,” stated Mr. Francois Chopard, Founder and CEO of Starburst. “Through this collaboration, we aim to catalyze the growth of ASD startups by providing them with access to mentorship, funding opportunities, and international networks.”
By offering a conducive environment for innovation and entrepreneurship, the partnership aims to strengthen India’s position as a hub for ASD innovation on the global stage.