IIMA Ventures and Jaivel Aerospace Launch Fund for Defence, Aerospace Startups
IIMA Ventures has previously supported startups such as Sagar Defence, ePlane, Ideaforge, and Nabhdrishti in the aerospace and defence domains.
IIMA Ventures has partnered with Jaivel Aerospace to launch an aerospace and defence acceleration fund aimed at backing early-stage startups in the sector.
- The fund aims to back about 8-10 startups developing solutions in areas such as autonomy, advanced materials, advanced manufacturing, and secure communication systems.
- Each company will receive up to $400K in pre-seed or seed funding, along with access to mentorship, development facilities and Jaivel’s global manufacturing network.
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Author summary: IIMA Ventures and Jaivel Aerospace launch fund.