Skip to main content

Target Accelerator Program Successfully Concludes Cohort Six

Target has announced the successful conclusion of cohort six of the Target Accelerator Program (TAP), adding to a growing list of 36 startups mentored by Target to develop innovative retail technology services and products. The accelerator is administered from Target’s Bengaluru office, an extension of its Minneapolis, Minnesota headquarters.

First launched in 2013, TAP gives startups a platform to develop, scale and test products within the Target ecosystem while accessing mentors within the company. Participants spend four months working closely with Target on technology ideas for the retail industry at large.

This year’s TAP startups built retail solutions using emerging technologies such as artificial intelligence, machine learning and 3D visualization. At the conclusion of the program, each startup is given an opportunity to present their solutions and receive inputs from business leaders and mentors.

“As consumer expectations evolve, the retail sector is changing dramatically,” said Ravi Kanniganti, director of innovation for Target in India. “Our accelerator program allows us to test a broad set of external innovations that can differentiate and enhance guest experiences while giving these startups an opportunity to build scalable solutions for global markets.”

This year’s graduating startups:

Kenome: Uses artificial intelligence to help enterprises make sense of dark data using cutting-edge deep learning and knowledge graphs.
Point105-AR: Provides a holistic 3D asset management solution for augmented reality experiences.
Quilt.ai: Applies human empathy to research at scale by using AI tools to build a large research and action platform.
Moodboard: A future fashion trends analytics tool using AI to aid fashion designers with research and analytics.
Eder.ai: Offers a distributed computing platform with cryptographic-grade encryption that enables secure deep learning to help scale research and unearth new intelligence.
StyleDod: Provides a tool that automatically converts floorplans into 3D designed rooms.

Comments

Popular posts from this blog

Cloud Computing powering India’s priority of ‘Digital-first country’

By: Sunil Mahale, India MD and VP, Nutanix
Digital transformation has been recognized as being vital to the growth of our nation. This transformation has enjoyed the unanimous approval and contribution from all stake holders including enterprises, MSMEs, government bodies and citizens. But this level of adoption in a country with a population of over a billion people would need a robust technology base that is capable to collecting and distributing vital data seamlessly.
Digital India envisions creating high speed digital highways, that will impact commerce and create a digital footprint for every individual. Technologies based on mobility, analytics, Internet of things and most importantly, cloud technologies are the building blocks for the digital India missionThere is a growing need to manage huge volumes of data, and making them readily available to public through digital cloud services. Cloud has a pivotal role in enabling this change.
While Data centers have become crucial to th…

RevStart launches its RevItUp Incubation Programme

Underlining its vision of creating a nurturing ecosystem for start-ups to grow in, RevStart, a co-working and incubation centre, has announced the launch of its RevItUp Incubation Programme. The 12-week long programme will be held at RevStart Incubation Centre in Noida from July 1, 2018 onwards. As part of the programme, RevStart will select five high potential start-ups from the ed-tech sector, AI, Consumer Internet, Sustainability, as well as for-profit social impact companies to assist them with developing their business, along with connecting them to global mentors across industries and sectors. In addition, start-ups selected for the programme will receive INR 5 lakh to Rs. 25 lakhs worth of cash and benefits, while RevStart will get an equity stake in the ventures.
The RevItUp Incubation Programme has been created to enhance the founding team’s industry, product, and company building knowledge and capabilities through a world-class curriculum. The programme will focus on tailor…

Insurtech startup Kruzr raises $1.3 Million from Saama Capital and Better Capital

InsurTech startup Kruzr has raised 1.3 Million USD (Rs. 9.5 Cr) for its seed round led by Saama Capital with participation from Better Capital. Kruzr is a preventive motor insurance technology which helps insurance companies personalize policy premiums & improve their risk model by delivering an engaging preventative driving assistant to their customers. Kruzr is founded by Pallav Singh, Ayan, and Jasmeet Singh Sethi.

Kruzr blends the power of voice technology and artificial intelligence in its personal driving assistant that helps drivers minimize mobile distractions, drowsy driving, speeding and external risks like weather and accident-prone zones. In pilots with insurers, Kruzr managed to cut down distracted driving by 80%. Kruzr is working with motor insurance companies in Europe, UK and India to bring its technology to their customers to prevent accidents & improve claims.

“Road accidents cause over 1.3 million deaths globally every year, and motor insurance companies los…