IIM Mumbai and Starburst Collaborate to Boost ASD Startups

In a significant move poised to reshape India’s Aerospace, New Space, and Defence (ASD) industry, the Indian Institute of Management Mumbai (IIM Mumbai) partners with Starburst, a prominent European Aerospace, New Space, and Defence (ASD) accelerator. This collaboration aims to bolster the ASD startup ecosystem in India, leveraging the resources and expertise of both entities.

Strategic Partnership Formalization

• Prof. Manoj K Tiwari, Director of IIM Mumbai, and Mr. Francois Chopard of Starburst solidified the partnership through a signing ceremony at IIM Mumbai on March 26, 2024.
• Esteemed guests such as Mr. Rajinder Bhatia and Mr. Anil Verma graced the occasion, highlighting the significance of the collaboration.

Objectives of Collaboration

• Nurturing ASD Ecosystem: The partnership aims to nurture and empower ASD startups across India, fostering innovation within the sector.
• Unparalleled Support: By combining the expertise and resources of both institutions, unparalleled support will be provided to ASD startups, facilitating their growth and contribution to India’s ASD industry.

Starburst Contribution

• Global Network and Industry Knowledge: Leveraging its global network and deep industry knowledge, Starburst brings invaluable experience to the collaboration.
• Catalyzing Growth: Through mentorship, funding opportunities, and international networks, Starburst aims to catalyze the growth of ASD startups in India.

IIM Mumbai’s Role

• Conducive Environment: IIM Mumbai will offer a conducive environment for innovation and entrepreneurship within the ASD sector, strengthening India’s position as a hub for ASD innovation globally.