IIMA Ventures, the startup incubator founded by IIM Ahmedabad, in collaboration with Jaivel Aerospace, a manufacturing technology company, has launched an aerospace and defence acceleration fund aimed at supporting 8–10 early-stage startups.
The initiative will provide pre-seed and seed funding of up to $400,000 per startup for companies working on technologies such as autonomy, advanced materials, advanced manufacturing, and secure communications.
Along with financial support, the selected startups will gain specialized domain expertise, structured mentorship, and access to development facilities. They will also have opportunities to collaborate with leading players in the aerospace industry, helping them accelerate their transition from prototype to market.
“Together, we are committed to de-risking the 0-to-1 journey by solving for capital, connections, coaching, and community,” said Vipul Patel, Partner at IIMA Ventures.
Founded in 2002, IIMA Ventures has been actively collaborating with startups such as Sagar Defense, ePlane, Ideaforge, NabhDrishti, Nopo Nanotechnologies, and Onnes Cryogenics. The incubator has also developed a portfolio of around 14 startups in the space-tech sector, featuring companies like Agnikul, PierSight, GalaxEye, and Bellatrix.
“Together with IIMA Ventures, we aim to create the platform for startups to leverage Jaivel Aerospace’s international advanced manufacturing network as well as build a robust execution model from the start,” noted Vipul Vachhani, Founder & CEO at Jaivel Aerospace.
Founded in 2002, IIMA Ventures has been actively collaborating with startups such as Sagar Defense, ePlane, Ideaforge, NabhDrishti, Nopo Nanotechnologies, and Onnes Cryogenics. The incubator has also developed a portfolio of around 14 startups in the space-tech sector, featuring companies like Agnikul, PierSight, GalaxEye, and Bellatrix.
