<p>French aerospace and defence firm Starburst Accelerator SARL is partnering with Indian Institute of Technology Madras (IIT Madras) to support Indian startups in the aviation, space and defence sectors. This hub for startups is to be established with a funding support of €100 million (100 Million Euros).</p>

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<p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/French?src=hash&amp;ref_src=twsrc%5Etfw">#French</a> firm Starburst Accelerator SARL partners with <a href="https://twitter.com/hashtag/IITMadras?src=hash&amp;ref_src=twsrc%5Etfw">#IITMadras</a> to set up €100 Million Start-up Hub with focus on boosting <a href="https://twitter.com/hashtag/defence?src=hash&amp;ref_src=twsrc%5Etfw">#defence</a> <a href="https://twitter.com/hashtag/Aviation?src=hash&amp;ref_src=twsrc%5Etfw">#Aviation</a> and <a href="https://twitter.com/hashtag/space?src=hash&amp;ref_src=twsrc%5Etfw">#space</a> ecosystem in <a href="https://twitter.com/hashtag/india?src=hash&amp;ref_src=twsrc%5Etfw">#india</a><br />
Partnership will enable export promotion, support for Indian startups to explore Int'l markets <a href="https://twitter.com/hashtag/Chennai?src=hash&amp;ref_src=twsrc%5Etfw">#Chennai</a> <a href="https://t.co/nJy8kGW0Y4">pic.twitter.com/nJy8kGW0Y4</a></p>
— Sidharth.M.P (@sdhrthmp) <a href="https://twitter.com/sdhrthmp/status/1772525267644457408?ref_src=twsrc%5Etfw">March 26, 2024</a></blockquote>
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<p>A Memorandum of Understanding (MoU) in this regard has been signed and exchanged at the IIT-M campus&nbsp;between Mr. François Chopard, Founder and CEO, Starburst Aerospace and Prof. V. Kamakoti, Director, IIT Madras, in the presence of officials from both entities.</p>

<p><strong>Also watch |&nbsp;Startups likely to add $1 trillion to India's economy by 2030</strong></p>

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<p>Starburst is a global aerospace and defence accelerator, connecting startups with corporates, investors, and government. The firm has built an ecosystem of more than 17,000 startups in its network. By offering a conducive environment for innovation and entrepreneurship, the partnership aims to strengthen India's position as a hub for aviation, defence, and space innovation on the global stage.</p>

<p>Highlighting how India stands to benefit from this Startup accelerator initiative, Prof. V. Kamakoti, Director, IIT Madras, said, "Encouraging young entrepreneurs is extremely important as we embark on our journey to become a multi-trillion economy. To this effect, reputed higher educational institutions must aspire to nurture future employers than employees. In this context, such collaborations with accelerators to nurture startups in critical and emerging sectors are crucial and timely."</p>

<p>In line with this, Starburst will create a consulting team that can be composed of IIT Madras alumni and experienced military officers besides, managers from the space, defence, aviation sectors, and senior consultants from Starburst offices to help start-ups scale up in their growth journey.</p>


French aerospace and defence firm Starburst Accelerator SARL is partnering with Indian Institute of Technology Madras (IIT Madras) to support Indian startups in the aviation, space and defence sectors.

French aerospace and defence firm Starburst Accelerator SARL is partnering with Indian Institute of Technology Madras (IIT Madras) to support Indian startups in the aviation, space and defence sectors. This hub for startups is to be established with a funding support of €100 million (100 Million Euros). #French firm Starburst Accelerator SARL partners with #IITMadras to set up €100 Million Start-up Hub with focus on boosting #defence #Aviation and #space ecosystem in #india Partnership will enable export promotion, support for Indian startups to explore Int'l markets #Chennai pic.twitter.com/nJy8kGW0Y4 — Sidharth.M.P (@sdhrthmp) March 26, 2024 × A Memorandum of Understanding (MoU) in this regard has been signed and exchanged at the IIT-M campus between Mr. François Chopard, Founder and CEO, Starburst Aerospace and Prof. V. Kamakoti, Director, IIT Madras, in the presence of officials from both entities. Also watch | Startups likely to add $1 trillion to India's economy by 2030 × Starburst is a global aerospace and defence accelerator, connecting startups with corporates, investors, and government. The firm has built an ecosystem of more than 17,000 startups in its network. By offering a conducive environment for innovation and entrepreneurship, the partnership aims to strengthen India's position as a hub for aviation, defence, and space innovation on the global stage. Highlighting how India stands to benefit from this Startup accelerator initiative, Prof. V. Kamakoti, Director, IIT Madras, said, "Encouraging young entrepreneurs is extremely important as we embark on our journey to become a multi-trillion economy. To this effect, reputed higher educational institutions must aspire to nurture future employers than employees. In this context, such collaborations with accelerators to nurture startups in critical and emerging sectors are crucial and timely." In line with this, Starburst will create a consulting team that can be composed of IIT Madras alumni and experienced military officers besides, managers from the space, defence, aviation sectors, and senior consultants from Starburst offices to help start-ups scale up in their growth journey.

French firm partners with IIT Madras to set up €100 million fund to support startups

<p>Australia formally signed a $50 billion contract with France to build 12 state of the art submarines Monday, a signal of the country's willingness to project power across the Pacific.</p>

<p>Prime Minister Scott Morrison hailed the "very audacious plan" at a ceremony in Canberra as "part of Australia's biggest ever peace-time investment in defence".</p>

<p>The contract for 12 attack-class submarines is with France's Naval Group, a consortium with state backing, and has been years in the making.</p>

<p>It is Australia's largest ever defence procurement project and the largest ever foreign sales deal by French shipbuilder Naval Group.</p>

<p>The first submarine is expected to be finished in the early 2030s.</p>

<p>Critics say that is too late: the waters to Australia's north and east are the scene of an intense struggle between the United States, China and regional powers, who are all vying for influence.</p>

<p>Beijing has made territorial claims to much of the South China Sea -- a marine thoroughfare that is vital to maintain the supply of ores, minerals and crude that fuel the Chinese economy.</p>

<p>Washington fears that China is becoming increasingly assertive over its territorial claims to display its dominance over smaller Asian nations and cement its role as the prime regional power.</p>

<p>Australian military analysts hope the subs will allow the country to maintain a credible deterrent against possible hostile actions.</p>

<p>Visiting French Armed Forces Minister Florence Parly signed the agreement for Paris.</p>

<p>The ceremony took place in the shadow of a memorial to US forces in front of the Australian defence offices in Canberra.</p>

<p>"It takes a lot of confidence for Australia to bet on France and a lot of confidence for France to share with Australia the capability that is so close to the core of our sovereignty and our strategic autonomy and a result of immense investment over decades," Parly said.</p>

<p>Under the Strategic Partnership Agreement, 12 conventionally powered submarines derived from the Naval Group Barracuda nuclear design will be constructed in a new shipyard in South Australia.</p>


Australia formally signed a $50 billion contract with France to build 12 state of the art submarines Monday, a signal of the country's willingness to project power across the Pacific.

Australia formally signed a $50 billion contract with France to build 12 state of the art submarines Monday, a signal of the country's willingness to project power across the Pacific. Prime Minister Scott Morrison hailed the "very audacious plan" at a ceremony in Canberra as "part of Australia's biggest ever peace-time investment in defence". The contract for 12 attack-class submarines is with France's Naval Group, a consortium with state backing, and has been years in the making. It is Australia's largest ever defence procurement project and the largest ever foreign sales deal by French shipbuilder Naval Group. The first submarine is expected to be finished in the early 2030s. Critics say that is too late: the waters to Australia's north and east are the scene of an intense struggle between the United States, China and regional powers, who are all vying for influence. Beijing has made territorial claims to much of the South China Sea -- a marine thoroughfare that is vital to maintain the supply of ores, minerals and crude that fuel the Chinese economy. Washington fears that China is becoming increasingly assertive over its territorial claims to display its dominance over smaller Asian nations and cement its role as the prime regional power. Australian military analysts hope the subs will allow the country to maintain a credible deterrent against possible hostile actions. Visiting French Armed Forces Minister Florence Parly signed the agreement for Paris. The ceremony took place in the shadow of a memorial to US forces in front of the Australian defence offices in Canberra. "It takes a lot of confidence for Australia to bet on France and a lot of confidence for France to share with Australia the capability that is so close to the core of our sovereignty and our strategic autonomy and a result of immense investment over decades," Parly said. Under the Strategic Partnership Agreement, 12 conventionally powered submarines derived from the Naval Group Barracuda nuclear design will be constructed in a new shipyard in South Australia.

Australia signs massive submarines deal with French firm

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French firm partners with IIT Madras to set up €100 million fund to support startups

Australia signs massive submarines deal with French firm