365Telugu.com online news,Hyderabad, India,19th December 2024: Panasonic, a global leader in innovative technologies, in partnership with T-Hub, India’s premier startup incubator and the world’s largest innovation campus, has announced the selection of four startups – Ayka Control Systems, GoVidyouth Mobility, PureLogic Labs India, and Xeeed IO – as the finalists of the Innovation Challenge.
These startups will collaborate with India Innovation Center (IIC) and Panasonic Holdings Corporation (PHD) teams for the adoption and commercialization of Nessum WIRE, a cost-effective wired communication technology, in India.
Launched in September 2024, the Innovation Challenge invited startups from across India and globally to explore the potential of Nessum Technology. T-Hub played a vital role in scouting and evaluating 197 innovative startups, organizing roadshows, and leveraging its extensive ecosystem to identify the most promising solutions.
After careful evaluation, eight high-potential startups were shortlisted for Demo Day. These startups made their final pitch presentations, culminating in the selection of the following four startups to partner with Panasonic:
- Ayka Control Systems – Leading the way in clean energy innovations, specializing in EV charging solutions. Website
- GoVidyouth Mobility Pvt Ltd – A deep-tech startup focused on making electric mobility affordable and accessible in emerging markets. Website
- PureLogic Labs India Pvt. Ltd. – Innovators in air quality monitoring solutions. Website
- Xeeed IO – Specialists in designing and deploying Industry 4.0 and 5.0 technologies for the manufacturing and energy sectors. Website
Mr. Saijo Hiroshi, Head of Business Development at Panasonic Holdings, expressed, “We are excited to collaborate with these startups, which will work alongside our India team and us in Japan. This partnership will help create innovative solutions using Nessum WIRE technology, aimed at offering customized solutions to both Indian and global markets.”
Mr. Manish Misra, Chief Innovation Officer at Panasonic Life Solutions India, added, “Nessum WIRE offers a unique, plug-and-play solution for data communication over existing wires, making it a significant technology in India’s growing economy.
As businesses often avoid disturbing their existing network infrastructure, this technology will solve communication challenges in difficult-to-reach areas such as basements and manufacturing plants. We are thrilled to partner with these startups to bring this technology to market.”
T-Hub’s CEO, Sujit Jagirdar, said, “This collaboration between Panasonic and the selected startups showcases the power of partnerships between startups and global corporations to address real-world challenges.
At T-Hub, we are proud to facilitate this process, supporting startups in their journey to create impactful solutions. Congratulations to the winners, and we look forward to seeing their innovations transform the industry.”
This partnership underscores the importance of startup ecosystems in driving innovation and shaping the future of communication technology both in India and globally.