Mumbai, March 28: The Indian Institute of Management Mumbai (IIM Mumbai) on Thursday announced a strategic collaboration with Europe's Starburst, in a bid to boost the aerospace, new space, and defence (ASD) industry in India.

The partnership aims to strengthen India's position as a hub for ASD innovation on the global stage, as well as offer a conducive environment for innovation and entrepreneurship. AI in Healthcare: British Researchers Develop New Artificial Intelligence Tool To Predict Fatal Heart Rhythm With 80% Accuracy.

"This strategic collaboration between IIM Mumbai and Starburst signifies a crucial step towards nurturing and empowering the burgeoning ASD startup ecosystem in India," said Prof. Manoj K Tiwari, Director of IIM Mumbai.

"By leveraging the expertise and resources of both institutions, we aim to provide unparalleled support to ASD startups, enabling them to thrive and contribute significantly to India's ASD industry."

Through the collaboration, Starburst, known for its global network and deep industry knowledge, will provide ASD startups "with access to mentorship, funding opportunities, and international networks", said Francois Chopard, Founder and CEO of Starburst. Infosys To Provide AI Technology to Germany-Based Handelsblatt Media Group for Storytelling, Compiling Reports of Global Economic and Financial Topics.

"We are excited to partner with IIM Mumbai to foster innovation and entrepreneurship within the aerospace, new space, and defence sector in India," he added.

(The above story first appeared on LatestLY on Mar 29, 2024 10:11 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).