Flexeye has opened HyperCat, an accelerator and incubator centre for Internet of Things (IoT) startups in Hyderabad. The centre will provide startups with access to technology, skills and funding opportunities, to develop IoT and smart city services. It will also offer a Smart City course through a partnership with the University of Surrey, one of its founding members.
The incubator part of HyperCat will help provide access to potential investors, while the accelerator will help speed up development for startups. Note that HyperCat is a not-for-profit organization that aims to make IoT devices more secure and interoperable. Interestingly, the organization mentions that it will leverage the existing UK government funding it receives and support the agreement between the UK and Indian governments to jointly develop three smart cities in India.
HyperCat consortium is led by Flexeye, an IoT solutions provider, and backed by Innovate UK, the Mayor of London’s Office, the Old Oak and Park Royal Development Corporation (OPDC). Other than in India, it runs an accelerator office to help plan the smart city strategy in the UK. The consortium also has an open standard for IoT, for which it is working on a set of best practices and tools.
IoT accelerators in India:
– In August, Intel India launched Maker Lab to support startups in 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.
– In June, Hong-Kong based Jaarvis launched a pilot of its India specific accelerator which would invest up to $50,000 in startups that offer services and products in online-to-offline ecommerce services, Internet of Things, mobility and other new technology verticals.
– In February, Rajesh Sawhney’s GSF Accelerator in collaboration with networking giant Cisco said it would launch an accelerator programme for startups in the Internet of Things and cloud space.
– Last year, Cisco and L&T Technology Services tied up to set up an Internet of Everything (IoE) solutions centre in India, targeting the transport and mass transit industries.
Image source: MadLab Manchester Digital Laboratory