Nasdaq-listed Altair will extend support in terms of free access to technology, solutions, and mentorship to AeSI-AISC aspirants through software, courseware, and certifications for AISC’s start-up and academic programs.
The AeSI, through AISC, is collaborating with the Altair India Start-up Challenge 2022, where the focus for this year’s challenge is Unmanned Aerial Systems (UAS) in the aerospace and defence industry.
While AISC will mentor and adjudge the start-ups, both AISC and Altair will reach out to the incubators.
Altair, in collaboration with Start-up India, built the Altair-Start-up Challenge, which gives organisations access to high-end technology, mentorship, and expert support, among others.
“AeSI has experience of working in the local market, a deep understanding of the market conditions, and working relations with DRDO scientists and defence PSUs. So, we want to help incubate startups who can deliver viable products in the market in the defence technology space,” Vishwanath Rao, managing director, Altair India, told ET.
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The idea of the challenge is to identify, support, mentor, and reward budding startups with their simulation, optimization, and machine learning technologies.
Companies are shortlisted from a pool of applications received and are judged based on how they applied Altair technologies and how well they enhanced their product designs and their potential business impact.
Explaining why UAVs were chosen for this year’s challenge, he said that drones were finding many applications in surveillance, transportation, farming, and defence.
“There are so many drone companies mushrooming but they still use conventional ways of product development. We want to infuse Physics-based simulation in their processes, and help them create products in a short duration of time,” Rao remarked.
