The winners of Cohort 12 of T-Hub’s flagship LAB32 program, which was carried out in association with Hexagon were announced. With over 230 applications, the program demonstrated the strength of India’s startu
p ecosystem for artificial intelligence and digital reality.
Out of a group of twelve finalists, three exceptional startups were selected as winners after a demanding 100-day program run by Hexagon’s worldwide specialists and LAB32 mentorship. The winners are are Indika AI, SwitchON and Xeeed IO. They created Proofs of Concept (PoCs) to answer real-world concerns that Hexagon identified.
Indika AI demonstrated a Proof of Concept for real-time multilingual communication while leveraging AI to change processes in the legal, medical, and finance fields. SwitchON demonstrated artificial intelligence (AI) powered quality control systems for manufacturers, including a proof of concept for 3D visual inspection of engine block flawsHot on the heels, Xeeed IO improved operational efficiency via the use of AI and ML, and was recognized for a Proof of Concept that included a sophisticated equipment status dashboard linked with Hexagon Immersal AR and HxGN EAM.
India’s AI industry is expected to expand at a CAGR of 25–35% and reach $17 billion by 2027, thus choosing these creative businesses with an AI emphasis is a big step in the right direction towards realizing this enormous development potential.
Hexagon-identified challenges were addressed by T-Hub’s flagship program, LAB32, through a carefully implemented Market Readiness Program designed for MVP stage firms. Among these were the creation of digital twins for the production of electric vehicles, real-time language translation and detection systems, and the advancement of prescriptive maintenance capabilities for process facilities through the use of AR and VR.
MSR, CEO of T-Hub, added, “T-Hub is proud to recognize the achievements of Indika.AI, SwitchON, and Xeeed IO. These startups exemplify the innovative spirit driving India’s AI sector forward. We are dedicated to nurturing such visionary initiatives, providing them with the mentorship and resources needed to propel their solutions into international markets. This collaboration underscores our commitment to nurturing breakthrough innovation that redefines industries and drives global impact.”
Hexagon, which is presently assessing possible working models and contractual arrangements following mutual alignment, expressed excitement about perhaps expanding its involvement with the winners. The victorious parties will work with the company to execute a strong go-to-market plan.
Navaneet Mishra, Senior Vice President and Head of Hexagon R&D India, said, “We are happy and excited with the success of Hexagon’s Startup Catalyst Program. Hexagon R&D India is deeply invested in driving innovation in digital reality and autonomous technologies by nurturing fresh thinking and original perspectives. In the last 100 days, we have seen it happen with the startups’ ambitious visions and innovative demos. Hexagon is now looking forward to helping them get their solutions to much larger scales and global markets.”
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