Thursday, December 28, 2017

Drone duo soar in start-up dream

Calcutta: A start-up born out of a career setback has started soaring on the rotor blades of drones.

RC Hobbytech Solutions Pvt Ltd, started by two friends, specialises in building unmanned aerial vehicles, commonly known as drones, and has already bagged orders from the Indian Army, the railways and Calcutta police, among others.

Flooded with contracts, the fledgling start-up is servicing these orders with a soft loan from IIM Calcutta, project-based finance from banks and the Rs 1.5 crore it won in a competition launched by Balmer Lawrie under the Startup India scheme in November.

For co-founder Biswajit Dey, a graduate in aeronautical engineering from St Peter's University in Chennai, RC Hobbytech was a seed sown by the disappointment of missing out on a chance to join the Army Aviation Corps because of an accident that put him in hospital for three-and-a-half months.
28/12/17 Anasuya Basu/Telegraph