IIIT Hyderabad, Pactera EDGE launch AI innovation challenge

Under this challenge, the startups will research connect, general strategy mentoring, specific domain use cases and problem identification, assistance through the solution pivot for this domain.

An AI innovation challenge is around the corner. The challenge has been launched by Pactera EDGE, an AI and digital technology company headquartered in Redmond, USA, in association with IIIT Hyderabad. Early-stage startups with technologies that can address problems in the retail and manufacturing sectors may apply. The ideas include strategy, technologies, expected outcome and impact.

Under this challenge, the startups will research connect, general strategy mentoring, specific domain use cases and problem identification, assistance through the solution pivot for this domain. They will also get a chance to connect with a few prospects globally.

Selected groups to get INR 12 lakh equity-free grant

Groups selected by IIIT Hyderabad and Pactera EDGE will go through a structured immersion program for four months. This program will help them pivot the product for specific domain use cases, enrich tech through inputs from research, and align with the market areas chosen by Pactera EDGE. The groups will also receive a INR 12 lakh equity-free grant.

Talking about the launched program, CIO, Pactera EDGE, Dinesh Chandrasekar said, “Pactera EDGE believes in reinventing customer experience using revolutionary AI technologies and give our customers the winning EDGE in the digital era.”

“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. And such corporate programs help are a key enabler towards this goal” said Professor Ramesh Loganathan, head of outreach and professor of co-innovation at IIIT Hyderabad.

Pactera EDGE will also support these ideas with mentorship across spheres including technology, business strategy, design, and product development. IIITH will leverage its deep tech research capabilities and vast experience incubating startups to provide research and business mentorship to selected startups.

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