AkzoNobelIndia signs letters of intent with twoIndia startup challenge winners
The journey of acceleration has just begun for the two winning startups of AkzoNobel’s Paint the Future India startup challenge.
The two winning startups were selected by the jury of international experts and business leaders following an intense two-day Paint the Future bootcamp.
|HyperRealityTechnologies||Bengaluru||Collaborative platform for inspiration, visualization of your space in metaverse|
|Fluid AI||Mumbai||Multi-channel conversational immersive and interactive AI platform to guide consumers during their painting journey|
Winning the prestigious Paint the Futureaward has opened more doors for these startups. Having signed the letters of intent, the two winners now join AkzoNobel’s accelerator program.
“Over the next six months, the goal is clear– to work together with our winners and develop a digital value proposition.The startups will have access to our global network of experts and resources leading up to ‘Demo Day’. That’s when they’ll showcase the results that will shape the future of their collaboration with us. By bringing Paint the Future to the third largest startup ecosystem in the world, AkzoNobel istransforming the paints industry in India. We’re bringing value– for our winning startups, our business and most importantly for Dulux consumers,” saysOscar Wezenbeek, Managing Director, AkzoNobel Decorative Paints, South-East South Asia (SESA) and Chairman Akzo Nobel India Limited.
“This startup challenge is about collaborating with equally passionate Indian startups to boost the magic of Dulux and enhance the digital experience of our consumers’. Innovation is key to AkzoNobel’s approach to sustainable business,and we see a lot of potential in these winning solutions,”says Rajiv Rajgopal, Managing Director, Akzo Nobel India Limited.
SobinThombra, CEO, HyperReality Technologies* says: “From the depth of the expert sessions to the sheer amount of industry knowledge we’ve gained, this bootcamp has been a collaborative experience unlike any other. We’re excited to partner with Akzo Nobel India Limited and paint the future in a win-win way.”
Abhinav Aggarwal and Raghav Aggarwal, Co-founders of Fluid AI* say: “We’re stoked about our win! AkzoNobel’s astute understanding of our artificial intelligence solution is a gateway to bringing new consumer-centric disruptions in the paints sector.”
The India startup challenge is the third regional edition of AkzoNobel’s Paint the Future, and the first such challenge for the paints and coatings industry in India. Run in partnership with NASSCOM Industry Partnership Program (NIPP), the challenge on enhancing “Digital Consumer Experience” for Dulux paints in India attracted 207 submissions from 33 cities across India.
Nine finalists were invited to the two-day bootcamp program, where customized sessions with AkzoNobel experts helped them further refine their solution, before making their final pitch to Paint the Future jury.
* Corresponding entity names for winning startups:
1. Hyperreality Technologies: Hyperreality Technologies Private Limited
2. Fluid AI: Trutech Webs Private Limited
For more information, visit the Paint the Future India startup challenge 2022.