[Avionics Today 11-25-2015] Airbus has inaugurated a BizLab in Bangalore, India, its third after Toulouse, France and Hamburg, Germany, as part of its strategy to establish a global network of aerospace business accelerators. In parallel, Airbus has opened a first round of applications for start-ups seeking support in the region.
Airbus BizLab facility. Photo: Airbus.
Airbus launched its first global aerospace business accelerator in Toulouse in March as part of its innovation strategy to bring together start-ups and Airbus “intrapreneurs” (internal entrepreneurs) to work and speed up the transformation of their innovative ideas into valuable businesses. A second BizLab accelerator was opened in Hamburg, Germany, in September. The aim is to accelerate the pace at which it can commercialize innovative ideas drawn from within Airbus and outside, including from customers and other external partners.
“Setting up Airbus Bizlab Bangalore, reinforces this commitment by further enhancing India’s aerospace entrepreneurial ecosystem,” said Kiran Rao, Airbus executive vice president of strategy and marketing.