New Delhi, March 27 -- IIT Madras says that the aim is to create innovative startups and help them grow rapidly to work in tandem with future aerospace and New Space worldwide programs French aerospace and defense company, Starburst Accelerator SARL, has announced a groundbreaking partnership with the Indian Institute of Technology Madras (IIT Madras) to establish a startup hub aimed at fostering innovation. The initiative, backed by a substantial funding of 100 million euro, seeks to bolster the Aviation, Space, and Defense (ASD) ecosystem in India.

The collaboration between Starburst Accelerator SARL and IIT Madras entails the establishment of accelerator programs to nurture startups within the ASD sector. This strategic move is expect...