Airbus BizLab Eyes to Acquire Stake in Indian Startups
Global aerospace accelerator, Airbus BizLab is eyeing to acquire the stake in Indian startups that it has been working with. However, there has not been any confirmation regarding this news.
Earlier, Airbus subsidiaries, Navblue and Aerial signed deals with three Indian startups, accelerated at Airbus Bizlab India, in the segments of aeronautical data services, flight operations and imagery.
If and when an equity participation takes place, it will be a departure from Airbus BizLab’s usual way of funding the startups. This is only limited to their business initiatives proofs of concepts. BizLab funds each proof of concept with a maximum of 50,000 euro (Rs 39,80,000).
Since the past three years, BizLab has boosted up 50 startups and 40 internal projects, which have raised ...