Not many know that world’s largest aerospace company Boeing hss launched an India Innovation Challenge in collaboration with Hyderabad’s T-Hub and is looking for seed stage tech startups in India that can solve real problems.
The initiative called Horizon X is looking for Indian startups with ideas that can solve problems with regard to a few key areas like autonomous or unmanned devices, manufacturing, IOT data analytics, artificial intelligence and machine learning. Applications for the challenge close on January 21.
With HorizonX, Boeing aims to get smart ideas that can be implemented to solve the problems of interest to Boeing. It is not enough for it to be just a smart idea, it should provide a workable solution.
“There is a common misconception that aerospace is a field only for aerospace engineers. This is false as we use a wide variety of technologies that can make our systems more efficient and that requires experts from diverse backgrounds. Data analytics and IOT, for instance, are areas that we are looking at to improve efficiency”, said the Managing Director of Boeing Research & Technology-India, Bala Bharadvaj, while addressing students at IIT-Madras’ tech fest Shaastra on Saturday.
Boeing is also nurturing internal startups and is launching this HorizonX challenge to select 3 startups who will work side by side with 3 Boeing teams in a tailored startup accelerator.
The selected startups will then get a chance to go through a 3-month custom accelerator program which in turn help them to rapidly develop and scale beyond seed-stage with Boeing and the Aerospace Ecosystem.
The three final winners of the challenge will get $10K USD prize per startup in exchange for participation given rights to future equity.
More information about HorizonX can be found here, including applications.