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IAMAI launches iot.IN incubator program for Indian IoT startups

The iot.IN program will support startups from the IoT sector.

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In a bid to accelerate Digital India vision, the Internet and Mobile Association of India (IAMAI) along with electrical component maker Napino and Mobile 10X has launched ‘iot.IN’. The program is targeted at entrepreneurs and startups in the IoT space, and aims to aid them in building products for India.

Startups or entrepreneurs who are building products in the IoT space can register for the program online. Under the program, users will be provided with training technical, marketing, and leadership skills to build applications and businesses. IoT or Internet of Things is gradually picking pace in the consumer and enterprise segment with the use cases ranging from mood lights to remote diagnosis. Amazon Web Services, Head of India, Bikram Bedi said, “The possibilities with [IoT] are unimaginable.” Quoting numbers from a recent Deloitte report, Bedi said, “We’ll be soon living in a connected world. According to numbers, 2 billion of the connected devices will be in India.” ALSO READ: Internet-based startups still do not receive sufficient funding in India: IAMAI

Bedi further added, “We are still scratching the tip of the surface in India. We are looking to invite all the stakeholders, device manufacturers, telecom providers, chip makers, cloud providers, hardware and software developers to come and work with us, to help and develop this ecosystem for India, as the country has the ability to become the backend hub of the world for IoT.”

Elaborating on the initiative, Bedi said that through the iot.IN program, they will be publishing white papers, building proof of concepts around segments which are central to the Digital India vision. The program will focus on healthcare, automobile, agriculture, transportation, and smart cities. Going forward, the aim is to move into blockchain technology development, artificial intelligence, and also virtual realityALSO READ: Indian government to launch 100 more incubators to help startups

Given the Indian government’s strong push towards development of technology, built in-house, a lot of companies have started making investments in this segment. Similar to how Qualcomm’s Design in India Challenge (QDIC) challenge works, the iot.IN program will also shortlist 15-20 entrepreneurs or startups, with the final round of selection taking place in the month of November. The program is said to receive an investment of around Rs 60 crore from capital partner, Napino. RELATED: Smartron ‘tronX’ AI-based IoT platform unveiled; aims to turn existing home appliances smart

  • Published Date: October 16, 2017 3:56 PM IST