Congratulations to Block Aero (Thailand), Evitado Technologies (Germany), Aiir Innovations (Netherlands), and Augmenteed (Singapore). They were chosen as the Top 4 ventures among the 12 aviation innovator finalists of the Lufthansa Technik Philippines (LTP) Startup Challenge held in cooperation with Seedstars.
Hybrid pitch competition
“You’ve all made the first steps in developing your business ventures, embarking on a journey of trial and error that is expected from every entrepreneur. I pay my respect to all the startups here today for taking the risk and trying to solve something new. May you all succeed in your missions,” LTP President and CEO Elmar Lutter told the participants.
The LTP Startup Challenge is a unique opportunity for innovators, coders, designers, and aspiring entrepreneurs in the Asia Pacific looking to apply their ideas and solutions to aviation’s MRO (maintenance repair and overhaul) industry.
After launching a month-long open call and receiving over 100 applications, the LTP Startup Challenge narrowed down the selected participants to 12 ventures. The chosen startups were then given the opportunity to participate in a four-day training program, where they were able to receive venture-building support and access to subject matter experts from LTP.
The Top 4 ventures in this hybrid pitch competition will be flown to LTP headquarters for the opportunity to collaborate directly with the team and company.
Block Aero has commercialized the world’s first blockchain-based asset management solution for the aviation industry.
Evitado Technologies automates airside operations, mitigating the risk of collisions and increasing the level of safety and efficiency while providing real-time data for optimizing operations.
Meanwhile, Aiir Innovations provides the most advanced borescope inspections through artificial intelligence and advanced digital tools for all inspectors to perform faster and qualitative inspections.
For its part, Augmenteed is a platform where industrials can create their own procedures within hours and without coding. This allows them to deploy mobile applications to field technicians for MRO, inspection, or training.