Page 41 - Revised_Interactive_IIM(V)ibes_Newsletter 18th July

Drone deliveries, however, have technical and Challenges
socio-economic constraints.
Identifying the appropriate customers and
Size: Logistics drones are large, making landing reaching out to them while the prototype was
in tight spaces difficult. being developed were the major obstacles faced
Low payload: Drones can’t carry heavy by Azper Science. As a result of the chip shortage,
packages. there was a delay in procuring components and
developing prototypes in India, as certain
Fixed flight time: Standard drones can’t fly far. controllers were not readily available. These
Dangerous: Large open propellers endanger obstacles were overcome, and a prototype was
people and birds during operations. created.
Privacy issues: Their cameras may be seen as How TIDE 2.0 from IIMV FIELD helped them
invasion of privacy.

Azper Science is part of the IIMV FIELD’s TIDE 2.0
program, through which we have received funding,
Solution
incubation support, connections, and mentorship
Azper Science has developed a highly adaptable from the IIM team. The funding allowed us to
Collaborative UAV system that can adapt to develop a prototype of our idea, and the
changing requirements and work collaboratively to incubation support and other benefits are
increase flight time and payload capacity. The beneficial to the growth of our company.
drones are 20% smaller in size compared to
standard drones of similar payload capacity, The next big thing on the business agenda
produce much less noise, and have higher stability.
This system can be used for complex tasks and can Azper Science has enormous potential in the drone
easily be used for new applications just by industry, given that the total market size for drones
changing the additional frames, making it highly is $22 billion, the serviceable market for drone
scalable at substantially lower prices. deliveries in India is $18.7 million, and the drone
delivery market in India is growing at a CAGR of
The Journey fifty percent. The next important step is to
implement the Collaborative UAV system with
While working for an Agri-tech company, one of target customers and facilitate their operations
Azper Science’s co-founders identified this issue. with our solution. This will have an effect on all
They identified a number of market needs, issues, industries in which logistics play an important role.
and gaps and then developed a solution. This
resulted in the founding of Azper Science, a
company committed to revolutionising the logistics
industry through the creation of innovative
solutions.
They conducted interviews with prospective
customers as part of the WSP programme at
NSRCEL, IIM Bangalore, which helped them
determine the impact of the problem.
Consequently, they were able to validate the
design and file a patent application. They were
able to develop a full-scale prototype and move
on to the next phase with the assistance of grants
from the central government.

Vol 4 | Issue 2 | Jan-April 2023 | 39