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

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.

• 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