Boeing has announced the launch of the Boeing HorizonX India Innovation Challenge 1.0 to accelerate aerospace innovation in India. The challenge is in collaboration with T-Hub, the startup incubator based in Hyderabad.
The 22-week long challenge kicks off on Tuesday and will be open to startups across the country. Regional outreach events at T-Hub centres will be organised 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 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, defence, commercial and industrial uses.
â€śThe Boeing HorizonX India Innovation Challenge 1.0 is our attempt to channelize Indiaâ€™s incredible talent and entrepreneurial energy for the future of innovation in aerospace and related areas. The Global Entrepreneurship Summit (GES) provides a perfect backdrop for us to unleash a wave of innovation, both within and outside of Boeing,â€ť said Pratyush Kumar, president, Boeing India.
The winners of the competition will have a chance to engage with Boeing on future partnerships.
â€śWe are happy to be working with Boeing to identify the right startups and entrepreneurs for the Boeing HorizonX Challenge. In todayâ€™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,â€ť said Jay Krishnan, CEO T-Hub.
To know more details about the Challenge, visit the link here.