French aircraft maker Airbus is setting up Airbus BizLab, its aerospace startup accelerator, in Bangalore, reports Techcircle. This is the company’s third global centre for mentoring startups, with the other two located in Toulouse, France and Hamburg, Germany. The accelerator is open to startups in areas like digitalization, data processing, communication networks and robotics. Startups can apply on the BizLab website before the 9th of December for the first batch of the program, which is expected to start mid January. To be selected, the startup’s project has to be relevant to the aeronautical industry. Airbus will accept 10 startups for the first batch. BizLab will provide startups with a six month acceleration program with coaches and mentors in various domains, including technology, prototyping, market access, finance, legal and marketing and communication. The company will also have its own select employees in the program, participating with regular startups. The program is divided in three segments, where startups need to build the minimum viable product, test it and based on customer feedback, launch or continue developing. Airbus mentions that ‘concrete deliverables’ are expected from startups at the end of each segment. Note that while BizLab will not provide any funding, a startup might be able to secure funds through Airbus Group Ventures. Other global accelerators in India: - In June, Hong-Kong based Jaarvis launched the pilot of its India specific accelerator which would invest up to $50,000 in startups that offer services and products in online-to-offline ecommerce services, Internet of Things, mobility and other…
