Artificial intelligence and digital technology company Pactera Edge partners with the International Institute of Information Technology Hyderabad (IIIT-H) to come up with its new program aimed at startups.
The AI Innovation Challenge is a program aimed at early-stage startups with solutions that can solve challenges in the retail and manufacturing industries.
According to officials, the program primarily focuses on leveraging computer vision for Human Activity Detection, Visual Inspection in manufacturing.
Startups with solutions that solve certain issue statements, such as strategy, technology, desired outcome, and effect, are sought by the organizations.
Selected startups will participate in a four-month structured immersion program to assist them in pivoting their product for particular domain use cases, along with an equity-free award of INR 12 lakh. IIITH will give research and business mentorship to chosen startups, leveraging its strong tech research skills and extensive expertise in incubating startups.
“Pactera EDGE believes in reinventing customer experience using revolutionary AI technologies and giving our customers the winning EDGE in the digital era,” said Dinesh Chandrasekar, CIO, Pactera EDGE.
Pactera EDGE also stated that it intends to provide mentorship to these concepts in areas such as technology, business strategy, design, and product development.
Prof Ramesh Loganathan, Head of Outreach, Professor of Co-innovation at IIIT Hyderabad, said, “CIE-IIITH is very happy to be partnering with Pactera EDGE for through market access program. As an early-stage incubator, helping startups with market access is the most significant challenge.”
He further added that the assistance of such business programs is a critical facilitator in achieving this aim.
Interested startups can apply for this program from the official website of IIIT-H.