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Technology

Facebook, T-Hub empower 10 AI-driven Indian startups

Hyderabad, Nov 26

Facebook and T-Hub, a Hyderabad-based global start-up catalyst, on Tuesday announced the completion of the second edition of their India Innovation Accelerator programme with 10 startups.

The top three startups -- ftcash, Marut Drones and Innerhour -- will receive further support for a month of Go-to-Market strategies, Facebook said in a statement.

"We are committed to support start-up and are focused on creating programmes like India Innovation Accelerator, with partners across the tech community to fuel startups, to build businesses of tomorrow," said Manish Chopra, Director and Head of Partnerships, Facebook India.

The four-month accelerator programme supported a cohort of startups in diverse fields: empowerment of women and girls, agriculture, healthcare, education, climate change and resilient cities, etc.

Ravi Narayan, CEO, T-Hub, said that the country needs an innovation ecosystem that allows entrepreneurs to think beyond the limits and "empower them to address the critical challenges faced by two-thirds of the population in our country".

The 10 cohort start-ups included Mumbai-based ftcash which aims to empower micro-merchants and small businesses with the power of credit using digital payments.

While another start-up, StaTwig, is building Blockchain based solutions to ensure that every child is vaccinated with high quality vaccines, Signzy has built a digital trust infrastructure which enables completely secure digital on-boarding using the AI assisted on-boarding (RealKYC), Algorithmic Risk Intelligence (ARI), and Blockchain technology to store and verify consumer information.

Blue Sky Analytics, a geospatial data intelligence start-up, and Pensieve that aims to democratise legal data and make it accessible to the common man were also selected.

The other start-ups that were shortlisted include Greenturn Idea Factory, Sensegrass, Marut Drones, Shortlist Professionals and Innerhour.