T-Hub, HAL to support startups in aerospace and defence
Startup ecosytem enabler T-Hub announced a partnership with aerospace company Hindustan Aeronautics Limited to support startups in the aerospace and defence composite market
Hyderabad: Startup ecosytem enabler T-Hub announced a partnership with aerospace company Hindustan Aeronautics Limited (HAL) to support startups in the aerospace and defence composite market.
HAL will assist startups in building proof of concepts (PoC). T-Hub will provide access to niche technological areas, mentorship, training, and support services to help startups succeed.
“By leveraging HAL’s expertise and T-Hub’s resources, startups can gain support and guidance to bring their ideas to market. We are hopeful our partnership will foster a culture of innovation and entrepreneurship in India’s aerospace sector, driving growth and creating new opportunities,” said M Srinivas Rao, CEO, T-HUB.
“We anticipating that this partnership will help the country and HAL in particular to achieve self-reliance in cutting edge defence technologies,” said Dr D K Sunil, Director (Engineering, R&D), HAL.
HAL has instituted a funding mechanism wherein 2% of the operating profit after tax is earmarked for startup engagement. HAL is focusing on research and development, indigenisation, and startup corpus, a release said.
