While emerging technologies have brought about developments in numerous industries, there remains a lot of unexplored potential in further disrupting aviation’s MRO (maintenance repair and overhaul) space. Aircraft maintenance still heavily relies on human and manual processes, leaving big opportunities for tech to innovate the current setup.

Powered by Lufthansa Technik Philippines (LTP) and Seedstars, the LTP Startup Challenge is a unique opportunity for entrepreneurs and startups looking to apply their ideas and solutions to the aviation's MRO industry.

“We believe that industries must constantly push to innovate. The aviation industry, in particular, leaves a lot of room for improvement,” says Cely Rose Apple M. Pangan Strategy and Corporate Projects Division Manager for Lufthansa Technik Philippines. “Our company is keen on helping lead the way for innovation in our space, and we’re thrilled to have the LTP Challenge set the stage for disruptors in our field.”

With a 5-day program designed to support high-potential entrepreneurs and startups, participants of the LTP Challenge will gain access to the subject-matter experts from Lufthansa Technik Philippines that will help demystify the world of aviation's MRO, and at the same time, receive venture building support to further build on your business and prepare for fundraising.

At the end of the program, all participants will be joining together in the LTP Pitching Challenge, where up to 3 ventures will be selected and invited to the LTP headquarters where they get the opportunity to collaborate directly with the team and company.

Entrepreneurs and startups from the Asia Pacific region with products, services, or ideas that can be directly or indirectly applied to the aviation's maintenance, repair, and overhaul (MRO) industry are welcome to apply.

“With the world opening back up and travel resuming, it’s about time we open more doors to innovate the aviation industry. We’re excited to launch this first-of-a-kind aviation MRO-focused startup program,” shared Natnicha Lertplakorn, Program Manager Asia of Seedstars.

For more information about the LTP Startup Challenge and to send in your applications, visit their page here: https://seedsta.rs/LTPChallenge.

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ABOUT SEEDSTARS

"They tried to bury us, they didn’t know we were seeds." - Mexican proverb

Seedstars is a Swiss-based private company with a mission to impact people’s lives in emerging markets through technology and entrepreneurship. The group’s activities cover over 90 emerging ecosystems through a variety of initiatives such as the FTxSDG Challenge, previously known as the Seedstars World Competition, which is the largest entrepreneurship competition in emerging markets; Seedstars Programs that are designed to support entrepreneurs in varying stages of growth via training, education, mentoring, and access to resources; Seedstars 01, a talent incubator providing digital skills and startup-based immersive education for the next generation of changemakers; Seedspace, physical coworking spaces and hubs located in 15 countries; and Seedstars International, a global venture capital fund for seed stage startups. For more information, visit www.seedstars.com.

Lufthansa Technik Philippines
Lufthansa Technik Philippines (LTP) is a joint venture company of Lufthansa Technik AG and MacroAsia Corporation, which offers a wide range of aircraft maintenance, repair, and overhaul (MRO) services to customers worldwide. LTP makes it its mission to ensure that all aircraft leaving its hangars reflect the world-renowned Lufthansa Technik standard of quality, safety, and reliability. A key pillar for its operational success is passion and an ongoing drive to achieve and meet high international standards in terms of quality, health and safety, and environment.

CONTACTS

Program

Natnicha Lertplakorn

Program Manager

[email protected]

Media

Michaela Villaroman
Media Relations

[email protected].