LTP Startup Challenge 2024

This unique program is specifically designed for ambitious entrepreneurs and startups seeking to innovate the aviation MRO industry.

About the Program

• In collaboration of Lufthansa Technik Philippines (LTP) and Seedstars, the 4-day virtual program presents an exceptional opportunity for high-potential startups to apply their cutting-edge solutions to conquer the challenges within aviation’s MRO space. By participating in this program, you will gain access to the vast expertise of LTP ‘s subject-matter experts, who will shed light on the aviation MRO landscape. Additionally, you will receive venture-building support to strengthen your business foundations and tailor your solutions to be implemented in the aviation MRO industry.
• At the main pitching & exhibition event, you will have the opportunity to showcase and pitch your solutions to investors and LTP team, providing a platform to gain valuable exposure and potential collaboration opportunities.
• Up to 3 ventures will be selected and granted the opportunity to visit the LTP facility, where they will have the opportunity to engage in negotiations with the core team and present their solutions.
• At the end of the program, participants will be joining together at the pitching event, where up to 3 ventures will be selected and invited to Lufthansa Technik Philippines (LTP) facility to negotiate their business with the core team, with an opportunity to initiate collaboration opportunities to engage their solutions at LTP.

Challenge Statement

• AI technologies and solutions to improve MRO processes and administrative tasks
  • Imagine new ways of using cutting edge AI-technologies to transform daily aircraft maintenance tasks. They’re seeking innovators to develop solutions that will add value to their efficiency and productivity.
    • Fault Diagnosis
    • Automated inspection
    • Collision detection
    • Others innovative solution
  • The solutions should be direct and can work independently while being adaptable to meet LTP requirements
    • Improve efficiency
    • Ensure safety
    • Cost-effectiveness

Eligibility

• Working products/ solutions with use-case for aviation MRO
• Global applicants: The program is open to startups and entrepreneurs from all around the world. They welcome applications from diverse geographical locations, as they believe in the power of global collaboration and the exchange of ideas to drive innovation in the aviation MRO industry
• Availability to join 4-day virtual program on 1 – 4 October 2024 and main hybrid pitching & exhibition event on 10 October 2024

Application Criteria

They are seeking innovative startups and entrepreneurs from around the globe who are passionate about innovation in aviation MRO operations

• Round 1 Application for AI-enabled solutions: They have a strong interest in startups that harness the power of artificial intelligence (AI) to improve MRO processes and administrative tasks. If your solution incorporates AI algorithms, machine learning, automation, or predictive analytics to optimize MRO operations, they encourage you to apply.
• Round 2 Application for innovative solutions that enhance MRO operations: They are looking for startups that offer innovative solutions specifically designed to enhance aviation MRO operations and addressing significant challenges related to efficiency, particularly from a high attrition rate among mechanics, time-consuming manual processes in production and support departments.

For more information, visit Seedstars.