Telangana’s T-Hub, HAL ink pact for aerospace startups
T-Hub, an innovation hub and ecosystem enabler on Friday announced a strategic partnership with Hindustan Aeronautics Limited (HAL), a leading aerospace company aiming to support startups in the Aerospace sector.
A press release from T-Hub said both the organisations have signed an MoU for a two-year term and the collaboration aims to support startups in the aerospace and defence composite market, which is predicted to grow at a compound annual growth rate (CAGR) of 13.1 percent from 2021 to 2027, according to Statista.
The partnership between T-Hub and HAL will offer industry expertise, resources, and access to markets, providing startups with the necessary tools to develop and scale their technologies, it said.
