New Delhi. 01 December, 2015. BizLab, the innovations arm of Airbus,and Numa also a France based incubator plan to set up a start-up accelerator for Indian start-ups at Bengaluru .
Toulose based Bizlab has chosen India as a second destination after Hamburg, Germany. The investments in BizLab are part of a $2-billion annual spend by the aircraft maker into research and development. “In India, we are looking forward to a wide range of start-ups not necessarily in the avionics and aerospace sector so that we can explore interlinking opportunities,” said Bruno Gutierres, head of Airbus BizLabs.
A screening committee, which includes Airbus’s Chief Innovation Officer, Yann Barbaux, and the Head of the Airbus BizLabs, Bruno Gutierres, will select the most promising ideas. Airbus BizLab in India will be co-located with NUMA, France’s biggest business accelerator and one of the most active in Europe. Both will create strong synergies between their accelerators, from start-up selection to specific events to benefit from their respective ecosystem (mentors, experts, investors).
“Airbus has always been at the forefront of innovation to create more value for our customers. With the Airbus BizLab Bangalore we are broadening our horizons and we aim to accelerate the rise of an Indian aeronautical entrepreneurship, ” added Gutierres.
Early-stage projects are offered wide-ranging support, in the form of a six-month “acceleration programme”. Through these programmes, Airbus BizLab gives access to a large number of coaches, experts and mentors in various domains: technology, legal, finance, marketing & communication; easing prototyping and access to market.
“India is a strategic for Airbus and we are committed to increasing our footprint in the country,” said Dr. Kiran Rao, Airbus EVP Strategy and Marketing. “Setting up Airbus Bizlab Bangalore, reinforces this commitment by further enhancing India’s aerospace entrepreneurial eco-system.”
Airbus launched its first global aerospace business accelerator in Toulouse in March 2015 as part of its innovation strategy to bring together start-ups and Airbus “intrapreneurs” (internal entrepreneurs) to work and speed up the transformation of their innovative ideas into valuable businesses. A second BizLab accelerator was opened in Hamburg, Germany, in September 2015. The aim is to accelerate the pace at which it can commercialise innovative ideas drawn from within Airbus and outside, including from customers and other external partners.