European plane-maker Airbus is starting to take external ideas from startups across the world for its aircraft programmes. Its first stop outside of its French base is Hamburg, Germany, while the second will be Bengaluru, India making it the latest global company to cash in on growing number of entrepreneurs in Asia’s third largest economy.
As part of a company-wide effort to enhance its innovation process, Airbus is introducing a global network of accelerator facilities – called Airbus BizLabs – to speed up the transformation of ground-breaking ideas into valuable business propositions, all within an extended innovation eco-system.
Airbus BizLab is a global aerospace business accelerator where start-ups and Airbus “intrapreneurs” (internal entrepreneurs) can work together to speed up transforming their innovative ideas into valuable businesses.
An Airbus BizLab provides wide-ranging support for early-stage projects in the form of a six-month acceleration programme, through which entrepreneurs, start-up businesses and Airbus employee “intrapreneurs” are given access to a large number of coaches, experts and mentors across various domains – including technology, legal, finance, marketing and communications, easing prototyping and market access.
Airbus Global CEO, Fabrice Bregier said “I think in Bengaluru – with what we know and what we have already invested, especially on systems innovations—we can come up with very good ideas,” adding that platforms in both locations (Hamburg and Bengaluru) may be set up in 12 months.
Airbus currently is accepting new project proposals, to be submitted using the online form (deadline: 11 June 2015).
Airbus’ move signifies the growing importance of entrepreneurship in India which has been attracting massive global attention and investor interest. Technology startups in the country attracted investments of over $1 billion in January-March, up twofold from the same quarter last year. The deadline for turning in the first set of ideas is June 15.
In developing its BizLab concept, Airbus leveraged the experience of start-up support programmes from other sectors – having forged collaborations with such companies as Microsoft Ventures, Orange Fab, Google and Techstars Boston.