Boeing announces HorizonX India Innovation Challenge to accelerate aerospace innovation
Hyderabad, November 28, 2017 – Boeing [NYSE: BA] announced the launch of the Boeing HorizonX India Innovation Challenge 1.0 to energize aerospace innovation in India. The challenge is a collaboration with T-Hub, India's fastest growing startup engine. The Boeing HorizonX India Innovation Challenge is aimed at attracting the best Indian startups to propose disruptive solutions to tackle complex challenges in the areas of autonomous and unmanned systems, advanced manufacturing, industrial IOT and automation, analytics, artificial intelligence (AI) and machine learning (ML). Entrepreneurs will be invited to present ideas on select themes that include drones and data application, factory productivity, supply chain, aircraft maintenance and services, passenger experience, defense, commercial and industrial uses.
“The Boeing HorizonXIndia Innovation Challenge 1.0 is our attempt to channelize India’s incredibletalent and entrepreneurial energy for the future of innovation in aerospace andrelated areas,” said Pratyush Kumar, president, Boeing India. “The GlobalEntrepreneurship Summit (GES) provides a perfect backdrop for us to unleash awave of innovation, both within and outside of Boeing.” “We are happyto be working with Boeing to identify the right startups and entrepreneurs forthe Boeing HorizonX Challenge” said Jay Krishnan, CEO T-Hub. “In today’s age,innovation is fostered by collaboration rather than competition, resulting in co-creatingpossibilities for the future and a win-win partnership between startups andindustry. T-Hub is playing an important role in bringing together the bestcompanies and startups to work with each other, resulting in the mostinnovative and practical solutions.”
By leveraging thepower of the world’s largest aerospace company, Boeing HorizonX globallyinvests in new business ventures, seeks opportunities through nontraditionalpartnerships, and assesses disruptive innovations and business strategies. TheBoeing HorizonX Ventures portfolio includes investments in autonomous systemstechnology, wearable enabled technologies, augmented reality systems,hybrid-electric propulsion, advanced materials and artificial intelligence. “Boeing has a visionto encourage a thriving entrepreneurial ecosystem around the world, driven byour belief that innovation happens everywhere,” said Steve Nordlund, vicepresident, Boeing HorizonX. “We are proud to work with T-Hub and supportStartup India to help local entrepreneurs further India’s potential to helpdefine the future of aerospace.”
The 22-week longchallenge kicks off today and will be open to startups across the country.Regional outreach events at T-Hub centers will be organized in Bengaluru,Delhi, Hyderabad, Mumbai and Chennai, followed by final selection in Hyderabad.The finalists will receive funding to participate in a three month acceleratorprogram at T-Hub, where they will be mentored by Startup India, Boeing subjectmatter experts and industry experts to shape their ideas. The winners of thecompetition will have opportunity to engage with Boeing on futurepartnerships. To know more visit - http://www.boeing.co.in/boeing-in-india/horizonx-india.page