Altair unveils Startup Challenge, an initiative to built a strong and inclusive ecosystem for innovation and entrepreneurship along with the Startup India initiative
Bengaluru, NFAPost: DRDO Chairman, and Secretary Defence R&D Dr. G Satheesh Reddy inaugurated Aero Innovation and Skill Centre and addressed the gathering of industries, academicians and start-ups.
Speaking at the event, DRDO Chairman and Secretary Defence R&D Dr. G Satheesh Reddy explained about the various research and startup programmes supported by DRDO.
“I take this opportunity to request all the youngsters to leverage the government initiatives and support and mentorship of AISC to innovate and indigenize defence products for Atmanirbhar Bharat Mission,” said DRDO Chairman, and Secretary Defence R&D Dr G Satheesh Reddy.
He inaugurated the centre in the presence of an august gathering of former Chairman ISRO and President AeSI A S Kiran Kumar, HAL Former Chairman Dr C G Krishnadas Nair, DRDO DG, AERO Dr. Tessy Thomas along with special guests HAL Chairman and Managing Director R. Madhavan, Altair India Managing Director Vishwanath Rao and Wipro 3D Printing Director and AISC Chairman U Chandrasekhar.
During this event an MOU has been signed between US Multinational Company ALTAIR Inc and AISC. Under this MOU AISC will support ALTAIR’s prestigious Startup challenge programs 2022 edition in UAV segment.
Speaking at the event, Altair India Managing Director Vishwanath Rao mentioned that ALTAIR will support AISC with high end technology, resources and manpower for AISC programs worth Half Million USD (INR 4 Crores) as in kind grants.
“The initiatives taken by the Aeronautical Society of India and the Altair Start-up Challenge are the steppingstones to creating a humming ecosystem for Aerospace & Defence innovation through start-ups,” said Altair India Managing Director Vishwanath Rao .
AISC Secretary C Kalaivanan said Altair believes that these upcoming start-ups in the field of Aerospace and Defense will challenge the status quo and accelerate the speed of innovation by leveraging the solid platforms built by our DRDOs & DPSUs.
The initiatives taken by the Aeronautical Society of India and the Altair Startup Challenge are the steppingstones to creating a humming ecosystem for Aerospace & Defence innovation through startups.
Important points of MoU:
AISC and Altair will reach out to incubators to promote ASC2022
AISC will guide and support Altair to identify potential Start-up for the start-up challenge program.
AISC will mentor the identified start-ups and support them with technical know-how whereas Altair will support them with know-how on Altair technology & solutions.
AISC will nominate the judge for ASC2022 jury panel to evaluate the start-ups in the competition.
With permission from AISC & AeSI, Altair will recognize AISC as ASC2022 partner on all the avenues of AISC2022.
Altair will support with software, courseware and certifications to AISC’s start-up and academia programs.
About Aero Innovation and Skill Centre (AISC)
Aero Innovation and Skill Centre (AISC) is a special interest group of The Aeronautical Society of India, Bengaluru Branch which is an advanced Centre for mentoring Innovation, Incubation, Research and Advanced Skills, encouraging start-ups and to support in design prototyping of various ideas related to Aviation and Aerospace Technologies.
AISC will facilitate aspiring entrepreneurs and start-ups to come forward to do R&D, build products/solutions and put forward for acceptance by defence agencies by creating Centre of excellences for Design, Prototype development and testing at various academic institutions. Our aim is to catalyse the whole defence start-up ecosystem through the resources and contacts of AeSI.
What is Altair India -Startup Challenge?
Altair in collaboration with Startup India, a Government of India initiative, built a strong and inclusive ecosystem for innovation and entrepreneurship in India, known as Altair -Startup Challenge. It gives organizations access to high-end technology, mentorship, and expert support and guidance in their quest for innovative products. Altair seeks to identify, support, mentor, and reward budding start-ups with its simulation, optimization, and machine learning technologies combined with its dedicated team of mentors with extensive experience and knowledge.
The Altair Startup Challenge requires start-ups to identify Altair technologies that would drive the design and engineering of their companies’ products – which would improve product performance, reduce product development time, and minimize cost. Companies are shortlisted from a pool of applications received; as a reward, Altair provides these startups with mentorship and free access to Altair technologies for four months. Winners are judged based on how they applied Altair technologies and how well they enhanced their product designs and their potential business impact.
