CURRENT AFFAIRS
CURRENT AFFAIRS
Description
In a key move that will transform India's Aerospace, New Space, and Defence (ASD) business, the Indian Institute of Management Mumbai (IIM Mumbai) has partnered with Starburst, a prominent European Aerospace, New Space, and Defence (ASD) accelerator. This agreement aims to strengthen the ASD startup ecosystem in India by combining the resources and experience of both companies.
Formalizing The Strategic Partnership
On March 26, 2024, Professor. Manoj K Tiwari, Director of IIM Mumbai, and Mr. Francois Chopard of Starburst signed the cooperation agreement at IIM Mumbai.
Distinguished guests such as Mr. Rajinder Bhatia and Mr. Anil Verma attended the event, emphasizing the importance of the collaboration.
Objectives Of Collaboration
Nurturing the ASD Ecosystem- The alliance intends to support and develop ASD companies across India, driving innovation in the area.
Unrivalled assistance- By combining the knowledge and resources of both institutions, ASD entrepreneurs will receive unrivaled assistance, allowing them to thrive and contribute to India's ASD industry.
Starburst Contribution
Global Network and Industry understanding- With its global network and extensive industry understanding, Starburst contributes great experience to the cooperation.
Catalyzing Growth- Starburst intends to accelerate the growth of ASD entrepreneurs in India by providing mentorship, financial opportunities, and worldwide networks.
IIM Mumbai's Role
- Conducive Environment- IIM Mumbai will provide a conducive environment for innovation and entrepreneurship in the ASD sector, strengthening India's global standing as an ASD innovation powerhouse.
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