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Rolls-Royce selects 3 start-ups for Start-up Accelerator Programme in India

Each of the three gets an equity-free grant of £10,000 each and goes through a six-month co-innovation programme that will include mentoring and technical support from Rolls-Royce

T E Narasimhan  |  Chennai 

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R2 Data Labs, the data innovation of Rolls-Royce, has identified three for its first-ever Start-up Accelerator Programme.

The start-ups, ClearQuote (Xenon Automotive), PiChain Innovations and Imaginate Technologies, will be given an equity-free grant of £10,000 each and put through a six-month co-innovation programme that will include mentoring and technical support from

A jury of and ecosystem mentors selected the three winners from 15 shortlisted finalists.

"The India Start-up Accelerator Programme is a reinforcement of our faith in the potential of Indian start-up minds in creating innovative solutions fundamental to the digital future of the industrial technology sector,” said Kishore Jayaraman, President, India & South Asia.

Under the programme, Rolls-Royce will mentor the selected and offer them an opportunity to connect, collaborate and commercialise their projects.

The programme will be kick-started with the allotment of £10,000 of an equity-free grant to each of the start-ups, along with the prospect of strengthening their products and building a business strategy.

The will work closely with the Rolls-Royce team and also get an opportunity to collaborate with industry experts as they work through the development of a proof of concept. The initiative is in line with Rolls-Royce’s commitment to collaborative innovation and building an ecosystem of partners that harnesses the latest thinking and technologies from a wide community of innovators.

First Published: Mon, September 30 2019. 19:32 IST
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