T-Hub, a start-up incubator, announced a boost for the domestic defence and aerospace sectors with the launch of the SIDBI-T-Hub Funding Programme and the signing of several strategic Memorandums of Understanding (MoUs) with prominent industry players.
Unveiled during the National Defence and Aerospace Innovation Summit (DIAS), this initiative underlines a steadfast commitment to propel innovation, foster collaboration, and fortify national security, as per the company.
T-Hub's MoUs were inked with influential entities including KAVACHH, the International Institute for Space Studies and Research (IISSR), the Directorate of Defence Research and Development-Israel, Bharat Dynamics Limited (BDL), Collins Aerospace, the College of Defence Management, and the Indian School of Business.
These collaborations will facilitate knowledge exchange, expedite technological progress, and cultivate a vibrant ecosystem for innovation within the defence and aerospace sectors. The newly introduced SIDBI-T-Hub Funding Programme aims to bridge the financial gap for emerging start-ups in these sectors, providing crucial support to nurture innovation and enable the development of cutting-edge technologies to address national security requirements.
Mahankali Srinivas Rao (MSR), CEO of T-Hub, said, “Within the vast expanse of the $440 billion global space market lies immense opportunity, with startups emerging as the trailblazers of innovation. By bridging start-ups with corporations and facilitating exposure and networking, we are shaping the future of space exploration and defence solutions, all in line with the spirit of Atmanirbhar Bharat."
The summit provided a platform for start-ups to showcase their disruptive technologies and solutions, spanning from weaponry and unmanned aerial vehicles to satellite technologies and cybersecurity. Participating startups in the summit included Big Bang Boom Solutions, Skyroot, Edgeforce, Axial Aero, and others.
The DIAS event also hosted pitch competitions, allowing start-ups to present groundbreaking ideas to a panel of experts and investors, opening avenues for exposure and crucial funding necessary for their growth and sustainability in the defence and aerospace sectors.
