Bosch India announced the graduation of 13 technology startups from its launch accelerator program- Discover, Nurture and Accelerate (DNA).
After 18 weeks of intense development, mentoring and piloting, Bosch will partner and collaborate with these technology start-ups that work in the areas of mobility, aerospace, mobility, social impact and agriculture among others.
Manohar Esarapu, head, Bosch India, corporate venture program D.N.A., said, “Bosch has an inherent advantage. We draw on our years of experience, spanning across several industries, to mentor these start-ups. We support nascent teams by offering technological inputs. Such aspects, will help the eco-system in the long-term as we are geared towards improving their business sustainability,”
As per Industry estimates, around 95 percent of the start-up ventures in India fail owing to lack of guidance and maturity. “By combining the creativity of start-ups with the experience of Bosch, significant value can be unlocked,” said Esarapu.
Collaboration with start-ups is part of Bosch India’s growth strategy
For Bosch India, DNA is not a one-off activity, but part of the group’s long-term growth strategy. Startups create significant value, and India is one of the crucial hotspots. A proof of that, is the variety of start-ups the Group is partnering with: from a team who converts soot (collected from a diesel generator) to printable ink using a proprietary liquid, to another team who provides customizable home automation solution. The chosen few also includes, a start-up who harnesses the power of virtual reality to save around 90 percent cost that is invested in life-size prototyping. Part of the same cohort, another includes a start-up that is developing a market viable diabetic peripheral neuropathy (DPN) screening.
Taking forward its vision, in future, Bosch India said its accelerator program will increasingly look to collaborate with those who build technology solutions in areas such as, internet of things (IoT), deep learning, analytics, cloud, virtual reality and block chain.