Computer vision and predictive analytics startups across the globe are invited to participate
T-Hub, a leader in India's pioneering innovation ecosystem that powers next-generation products and new business models, and United Technologies Corp. (UTC), a leader in aerospace and building technologies, today announced the launch of the UTC Innovation Challenge. The challenge invites startups working on computer vision technology and predictive analytics to develop new products and services specifically for the aerospace industry.
Startups that are shortlisted to participate in the challenge will receive support from technical subject matter experts and business mentors across T-Hub and UTC. Both organisations will also guide selected startup applicants through the proof-of-concept (PoC) phase, where they will receive direct access to T-Hub's ecosystem of mentors, industry experts, investors and service providers.
The call for applications is open now and closes at the end of October. Computer vision technology submissions are expected to focus on computer-aided visual mapping of engine parts to help the inspection process. Predictive analytics solutions will focus on forecasting for aircraft parts by company location. Shortlisted startups will have an opportunity to pitch their solutions to a group of judges on "Pitch Day" in New York and Hyderabad in November. Interested startups can apply https://t-hub.co/utc/.
"T-Hub is committed to enhancing innovation and entrepreneurship through key engagements while accelerating the growth of the startup community," said Ravi Narayan, CEO of T-Hub. "Last year, T-Hub launched the Innovation Challenge with support from UTC's commercial building businesses and we are excited now to be collaborating on aerospace."
"As we continue on our digital journey, it's important for us to engage the startup community and bring outside thinking into our product development work that can accelerate the creation of new offerings for aerospace," said Limor Spector, UTC Executive Director of Ventures and Alliances. "T-Hub is one of many collaborators we are engaging with to source the best thinking that can solve for some of the biggest challenges facing this fast growth industry."
Innovation Challenge Details
To apply, startups must meet the following eligibility criteria:
The startups selected for the challenge will have an opportunity to receive funding to develop their proof-of-concepts and ultimately will be able to showcase their solutions to UTC business leaders in New York and Hyderabad.
The startups will also receive: