Nasdaq-listed Altair will expand support for free access to technology, solutions, and mentoring to AeSI-AISC applicants through software, training courses, and certificates for startups and AISC academic programs.
AeSI, through AISC, is partnering with Altair India Start-up Challenge 2022, which this year’s focus is on Unmanned Aircraft Systems (UAS) in the aerospace and defense industries.
While AISC will mentor and evaluate startups, AISC and Altair will look to incubators.
Altair in collaboration with Start-up India built Altair Startup Competitionwhich gives organizations access to cutting-edge technology, mentoring and expert support, among other things.
“AeSI has experience in the local market, deep understanding of market conditions and working relationships with DRDO scientists and defense power units. Therefore, we want to help incubate startups that can deliver viable defense technology products to the market. Vishwanath Rao, managing director of Altair India, told ET.
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The idea of the competition is to identify, support, mentor and reward start-ups with their modeling, optimization and machine learning technologies.
Companies are shortlisted from applications received and judged based on how they have applied Altair’s technology, how well they have improved the design of their products, and their potential business impact.
Explaining why UAVs were selected for this year’s competition, he said that drones have many applications in surveillance, transportation, agriculture and defense.
“So many drone companies are emerging, but they are still using traditional ways of product development. We want to bring physics-based modeling into their processes and help them create products in a short timeframe,” Rao said.