New Student Offer Use Code - HELLO

Join Here

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. François 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. François Chopard
c. Mr. Cedric Vallet
d. Prof. Manu Santhanam
ebook store

About Me

Ramandeep Singh

Ramandeep Singh - Educator

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu