Eleven startups in the healthcare, manufacturing, retail, industrial, automotive and banking domains have been selected for the one-year accelerated incubation programme.
The most important stakeholders in any startup ecosystem are government, academia, industry and investors. Towards this, the Central government’s department of science & technology (DST), Intel India, and Society for Innovation & Entrepreneurship (SINE)-IIT Bombay, have announced the third edition of Plugin, a one-year collaborative accelerator programme for hardware and systems software startups. Eleven startups have been selected from over 200 entries from across the country in the areas of Artificial Intelligence (AI), Machine Learning (ML), security and platform to receive mentoring and coaching, access to labs for tools and platforms, technical and financial support, local and international ecosystem connect and visibility.
Plugin aims to address challenges that hardware and systems software startups face with respect to product design, development, commercialisation, and scaling their business. The collaborative programme facilitates infrastructure and technical support, prototyping, product development and manufacturing connect from Intel India Maker Lab and SINE-IIT Bombay. In the final phase, the startups will be able to showcase their solutions to investors and ecosystem players at a demo day, with the top performers also qualifying for post-programme funding support.
Nivruti Rai, country head, Intel India and VP – Data Platforms Group, Intel Corp said, “Our Intel India Maker Lab incubation programme has so far supported over 70 startups in accelerating their innovation journey and scaling their businesses. We have also seen tremendous success with the last two editions of Plugin, with several participating startups having taken their products to market and generating revenue. In its third year, Plugin is supporting startups that are using data-centric technologies to drive innovation in the healthcare, manufacturing, industrial, retail, automotive and banking domains.”