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Starburst Accelerator & IIT Madras Signed MoU to Establish 100 Million Euros Startup Hub

Published on March 29, 2024
Current Context: Starburst Accelerator SARL, a French aerospace and defence firm, has partnered with the Indian Institute of Technology Madras (IIT Madras) to set up a €100 million startup hub.
Starburst Accelerator & IIT Madras Signed MoU to Establish 100 Million Euros Startup Hub
  • The Memorandum of Understanding (MoU) for this collaboration was signed at the IIT Madras campus on Monday, 25th March 2024.
  • The signatories included Mr. Fran├žois Chopard, Founder and CEO, Starburst Aerospace, Mr. Cedric Vallet, Innovation and Venture Director, Starburst Aerospace, and Prof. V. Kamakoti, Director, IIT Madras, Prof. Manu Santhanam, Dean (ICSR), IIT Madras.
  • This partnership aims to boost the Aviation, Space, and Defence (ASD) ecosystem in India by creating venture capital funds for ASD technology.
  • This will drive the transformation of India’s economy and its integration with global stakeholders.
  • The partnership will also enable export promotion and provide support for Indian ASD startups to explore international markets through the extensive network of Starburst.
  • The ultimate goal is to create innovative startups and help them grow rapidly to work in tandem with future aerospace and New Space worldwide programs, thereby strengthening India’s position as a hub for ASD innovation on the global stage.

Question:

Q.1 Who is the founder and CEO of Starburst Aerospace?
a. Prof. V. Kamakoti
b. Mr. Fran├žois Chopard
c. Mr. Cedric Vallet
d. Prof. Manu Santhanam
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