To address challenges faced by corporates, governments and startups on Smart Cities, the Innovation Acceleration Group, University of California, Berkeley (UC Berkeley) and Quantela is announcing a partnership to establish a Smart City Accelerator and Innovation Centers in India. The partnership was announced in presence of respective dignitaries from UC Berkley, Quantela, Invest India and Department of Defence Product.
Berkeley – Quantela Accelerator is an opportunity for startups to build and grow in the field of Smart cities. It is a platform that provides the required mentorship and guidance to succeed on a comprehensive scale. As cities grow and urbanization increases, on one hand, the opportunities for the citizens increase manifolds, but on the other day, the challenges also increase. Challenges, that are likely to have an impact on various segments of urban quality such as economy, culture, social, parking, environment etc.
Quantela, a leading technology company that offers an AI based smart city platform, will provide access to the world-leading IoT platform to students, startups, entrepreneurs, and corporates to join and innovate on this platform. It would also involve in training on urban services for ITI students and provide mentorship, internship, support and go to market strategy.
UC Berkeley will design the innovation accelerations programs, teaching, delivery and curriculum. It will also focus on coaching of Lean Startup methods and customer development process for selected startups will be assisting and supervising innovation projects from the ideation to validated business models.
The Indian Government’s initiative to create more than 100 smart cities is unprecedented in the World and provides immense opportunities for tech start-ups. The unique partnership between UC Berkeley, Quantela and Invest India will help Indian start-ups that operate across the entire technological spectrum such as those from smart IoT to smart mobility and smart power that are critical for smart cities.
The Accelerator will teach selected startups intensive immersion in innovation developments designed to identify business opportunities (real problems that require real solutions), validate product ideas through Investment Readiness Levels, engage with potential customers, build scalable business models, and manage team dynamics. The accelerator will be divided into the following phases and includes –
- Three days onsite instructor training forum with Berkeley instructors in August 2018,
- Five monthly online lectures and office hours with trainees and
- Demo day and investor meetings for selected startup at UC Berkeley campus in April 2019.
The innovation center will help build an ecosystem of smart city partners integrated on one single platform. The ecosystem will help the cities to expedite the execution of their projects and drive the immediate outcomes in form of smart solutions.
The innovation center will host a quarterly smart city innovation forum where the policymakers and administrators across India can visit the center with their smart city problems. Corporations and startups will work on these and provide solutions.
Source – Press Release.