Riding on the success of the past editions, the Boeing University Innovation Leadership Development Program (BUILD) in its third edition attracted a record number of entries with than 1200 ideas submitted by more than 2200 students and start-up participants from all over the country.
Following a stringent evaluation process, 75 shortlisted teams entered the regional boot camp, of which regional and national finalists received guidance from start-up ecosystem experts, incubator partners, and Boeing engineers to incubate ideas. Participants further received access to Boeing’s innovation ecosystem.
The seven winning teams are Abyom SpaceTech and Defence Pvt. Ltd. and Green Aero Propulsion Pvt. Ltd. from Foundation for Innovation and Technology Transfer (FIIT) – IIT Delhi, Glovatrix Pvt. Ltd. from Society for Innovation and Entrepreneurship (SINE) – IIT Mumbai, dVerse Technologies Pvt. Ltd. from IIT Madras Incubation Cell, Backyard Creators Pvt. Ltd., BONV Technology Private Limited and Coratia Technologies Pvt. Ltd. from Technology Business Incubator (TBI) – KIIT, Bhubaneswar.
Each of these seven teams received INR 10 lakh as a financial grant, and their ideas covered solutions for community development, the defence and space industry, and sustainability.
The program offered opportunities to applicants to incubate ideas and access Boeing’s innovation ecosystem. applying from tier 1, tier 2, and tier 3 cities across India.
Boeing launched BUILD with an aim to nurture and support the start-up ecosystem in the country. Over the years, Boeing has strategically invested in developing talent for the Indian aerospace sector and inspiring the next generation of engineering talent in India. Through its programs such as the HorizonX India Innovation Challenge, the Accelerated Aircraft Maintenance Engineers Apprenticeship, and the National Aeromodelling Competition with IIT, Boeing has made a significant impact in creating a skilled frontline workforce and empowered entrepreneurs in India.
Read more about BUILD 3.0 in the news here.