Monday, September 10, 2018

Airbus: Giving wings to Indian startups

Last year proved to be a momentous one for Neewee, a four-year-old startup based out of Bengaluru’s IT hub of Whitefield, which develops industrial analytics software for the manufacturing industry. Co-founded by Harsimrat Bhasin, 47, it was selected to be a part of Airbus BizLab India, the business accelerator of the €60-billion aircraft manufacturer Airbus.

Based in Bengaluru, Airbus BizLab India was launched in January 2016. It offers a six-month accelerator programme through which startups get access to free office space, dedicated coaches to handhold them as well as access to a pool of mentors and experts from within Airbus, and outside the company, to help them with industry knowhow. This was Airbus BizLab’s third facility—the first two were in Toulouse, France (2015) and Hamburg, Germany (2015)—and the only one outside Europe, the home turf of Airbus. A fourth centre was recently inaugurated in Madrid, Spain.

 “Before coming to BizLab, we had done a few pilots [projects],” says Bhasin, who is also the chief operating officer of Neewee. Little did he know that the six-month stint with BizLab in 2017, would prove to be the turning point in the startup’s journey. The European aerospace major eventually became his firm’s biggest client. Neewee’s software product helps manufacturing companies increase cost efficiencies across the supply chain, improve on delivery rates and reduce quality issues.

“Roughly, each [Airbus] aircraft has about 4 million parts, which means several suppliers across the globe,” says Siddharth Balachandran, leader, Airbus BizLab India. “With a supply chain analytics startup like Neewee, we saw there could be a requirement from our procurement team and hence brought them on board.”
10/09/18 Anshul Dhamija/Forbes India