Boeing announced the
launch of the Boeing HorizonX India Innovation Challenge 1.0 to energize
aerospace innovation in India. The challenge is a collaboration with T-Hub,
India's fastest growing startup engine.
The Boeing HorizonX
India Innovation Challenge is aimed at attracting the best Indian startups to
propose disruptive solutions to tackle complex challenges in the areas of
autonomous and unmanned systems, advanced manufacturing, industrial IOT and
automation, analytics, artificial intelligence (AI) and machine learning (ML).
Entrepreneurs will be invited to present ideas on select themes that include
drones and data application, factory productivity, supply chain, aircraft
maintenance and services, passenger experience, defense, commercial and
industrial uses.
“The Boeing HorizonX
India Innovation Challenge 1.0 is our attempt to channelize India’s incredible
talent and entrepreneurial energy for the future of innovation in aerospace and
related areas,” said Pratyush Kumar, president, Boeing India. “The Global
Entrepreneurship Summit (GES) provides a perfect backdrop for us to unleash a
wave of innovation, both within and outside of Boeing.”
“We are happy to
be working with Boeing to identify the right startups and entrepreneurs for the
Boeing HorizonX Challenge” said Jay Krishnan, CEO T-Hub. “In today’s age,
innovation is fostered by collaboration rather than competition, resulting in
co-creating possibilities for the future and a win-win partnership between
startups and industry. T-Hub is playing an important role in bringing together
the best companies and startups to work with each other, resulting in the most
innovative and practical solutions.”
By leveraging the
power of the world’s largest aerospace company, Boeing HorizonX globally
invests in new business ventures, seeks opportunities through nontraditional
partnerships, and assesses disruptive innovations and business strategies. The
Boeing HorizonX Ventures portfolio includes investments in autonomous systems
technology, wearable enabled technologies, augmented reality systems,
hybrid-electric propulsion, advanced materials and artificial intelligence.
“Boeing has a vision
to encourage a thriving entrepreneurial ecosystem around the world, driven by
our belief that innovation happens everywhere,” said Steve Nordlund, vice
president, Boeing HorizonX. “We are proud to work with T-Hub and support
Startup India to help local entrepreneurs further India’s potential to help
define the future of aerospace.”
The 22-week long
challenge kicks off today and will be open to startups across the country. Regional
outreach events at T-Hub centers will be organized in Bengaluru, Delhi,
Hyderabad, Mumbai and Chennai, followed by final selection in Hyderabad. The
finalists will receive funding to participate in a three month accelerator
program at T-Hub, where they will be mentored by Startup India, Boeing subject
matter experts and industry experts to shape their ideas.
The winners of the
competition will have opportunity to engage with Boeing on future
partnerships.
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