Intel India has launched an Intel India Maker Lab, a platform for entrepreneurs and innovators to ‘accelerate product innovation’ in Internet of Things (IoT), mobile devices and compute domains. The Lab will support 10 startups initially and provide them with development kits, reference boards, hardware and software tools for developing and testing. The startups will also be provided business and mentoring support.
The Lab’s selection process for its first ten startups will be completed in October and will get the ball rolling thereafter. Startups can contact email@example.com to know the application process. The Lab will be set up in Intel’s Bangalore campus. Intel India claims that its Lab initiative is a non-profit initiative, not designed to build or augment Intel India’s own software development activities, however, it is not clear whether Intel worldwide will make use of it.
The Intel India Maker Showcase will let visitors and participants use the products and solutions from the Lab, along with Intel’s other innovations. Intel had recently held a challenge called ‘Innovate for Digital India’ along with the Department of Science and Technology, where it claims it saw over 1,900 entries from the country. The top 20 entrants to its Innovate for Digital India challenge will be able to use the Lab without having to go through the selection process. Intel says that this initiative will complement the government’s Digital India and Make in India programs.
The Lab has plans to collaborate with incubators and accelerators of institutions, industry associations and other corporates (intel doesn’t say which ones), to offer Lab benefits for the hardware startups that it supports.
Other accelerators and incubators launched include:
–Last week, Aditya Birla Group launched Aditya Birla Bizlabs to collaborate with startups and provide scaling opportunities. The group would look to invest in various startups in the areas of retail, financial services and mobility, fields that Aditya Birla already has businesses in. Its Bizlabs program will last for 20 days, during which shortlisted startups will be provided with access to CEOs and CXOs of Aditya Birla, and to other industry experts.
– In March, The Indian Angel Network (IAN) introduced a “Small Ticket Funding” program to help entrepreneurs and early stage startups raise quick funding worth INR 25 lakhs to take care of immediate fund requests. Entrepreneurs would also be able to interact with IAN mentors under this program.
– In February, Cisco and GSF partnered up to launch an accelerator programme for startups in the Internet of Things and cloud space. The programme would focus on both software and hardware platforms. GSF would provide $45,000 in funding to each of the selected startups and startups would receive additional mentorship through GSF mentor network and Cisco.
– In October last year, Flipkart-owned online fashion retailer Myntra launched a year-long Designer in Residence program under its Myntra Fashion Incubator initiative. The company had first announced its plans to set up a fashion incubator in June last year.
– In the same month, Anil Ambani-led Reliance Games was to start incubating and investing in startups in the gaming sector. At that time, the company said that it was evaluating games from developers and had got some encouraging concepts and prototypes to invest in.
– Back in 2011, Times Internet Limited, launched an incubation & development program to mentor and support startups in the field of internet and mobile called T-Labs. T-Labs would invest in about 20 companies each year, offering each Rs 10 lakh in investment for a 10% stake.