France-based aircraft manufacturer Airbus launched the third of its BizLab accelerator facilities on Tuesday in Bangalore, India, and applications will be open to startups until December 9.
BizLab is structured as a hybrid accelerator, accelerating the advancement of innovative ideas from within Airbus while also drawing on technology being developed externally. The first BizLab facility was opened in Toulouse, France, in March this year and the second in Hamburg, Germany, six months later.
Startups developing digitalisation, data processing, network communication and robotics technology are all welcome as long as it is applicable to the aeronautical industry.
Airbus does not invest in the participants as standard, but they may well fall under the scope of its corporate venturing unit, Airbus Group Ventures.
Participants in the six-month program will gain access to numerous experts who will pass on knowledge concerning areas including technology, legal requirements, finance, marketing, prototyping and securing access to market.
The Bangalore BizLab will operate in the same location as one run by France-based business accelerator Numa, and the two will seek to share their respective expertise for startup selection and specific events while also pooling their networks of experts and mentors.