Social media giant Facebook and T-Hub, a Hyderabad-based global startup catalyst, announced on Wednesday the 10 startups they have selected for the second edition of their “India Innovation Accelerator” program.
The Program, which was announced in May, will support the growth of startups focused on finding solutions for social challenges using Artificial Intelligence (AI) in areas of good health and wellbeing, agriculture, clean water and sanitation, decent work and economic opportunities, industry, innovation & infrastructure, climate change and peace and justice, and strong institutions.
Manish Chopra, Head and Director of partnerships, Facebook India, said “at Facebook, we believe Artificial Intelligence will be key to finding disruptive solutions to address societal challenges like access, affordability, and skill shortage. We are excited to champion the next generation of tech startups applying AI for social good and accelerate their development by giving them access to expertise.”
The shortlisted startups are:
Ftcash: This Mumbai-based firm aims to empower micro-merchants and small businesses with the power of credit using digital payments.
Blue Sky Analytics: This Gurugram-based Blue sky Analytics is a geospatial
StaTwig: Hyderabad-based StaTwig is building blockchain-based
Greenturn Idea Factory: Kerala-based Greenturn Idea Factory
Shortlist Professionals: Mumbai-based Shortlist Professionals is helping enterprises in
Marut Drones: The Hyderabad-based Marut Drones uses AI-powered computer vision to identify
Sensegrass: Delhi-base Sensegrass deploys Smart Soil Sensing NPK Sensors for pesticide and
Ravi Narayan, CEO, T-Hub, said, “Startups that are focused on solving social challenges need all the help they can get in terms of great technical support, market access, and industry connects. The India Innovation Accelerator program by Facebook in partnership with T-Hub, offers such support to the best startups in this space that are using AI. I commend Facebook for this pioneering effort.”
The final cohort of 10 AI startups was selected from over 140 applications received from across India and after an exciting pitch session held at Facebook Office in Gurgaon. The participants were reviewed based on the quality of technology-based solutions, product/solution market readiness and social impact among other relevant parameters.
The India Innovation Accelerator reportedly will support the growth of these start-ups in many ways. A panel of mentors, industry experts, investors, will provide hands-on operational support and mentoring with specialized training on product development, marketing, partnerships, management.
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