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Four startups from T-Hub bags global awards
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SME Times News Bureau | 27 Mar, 2017
Four startups from T-Hub, one of the largest start-up ecosystem builders
in India, have bagged global awards, a statement said on Saturday.
Hug
Innovations, Loop Reality, AuthBase and Kheyti have received
prestigious awards and recognitions in competitions held exclusively to
identify emerging start-ups in the country, the T-Hub said in a
statement.
T-Hub, which has over 2,000 start-ups in its database, claims to be emerging as the first choice of top Indian startups.
Hug
Innovations, the maker of the gesture-control Hug Smartwatch capable of
flying drones, navigating smart television, and controlling virtual
reality-based applications through hand gestures, was among 1,500
start-ups from all over the world to participate in the Global Mobile
Challenge. It was awarded the best in India, top 3 in the Asia Pacific
and one of the top 10 finalists in the Mobile World Congress in
Barcelona.
Hug Innovations was also declared the winner of The
India Region Round of the 1st China (Shenzhen) Innovation &
Entrepreneurship International Competition held at Bengaluru. While they
received a cash prize of RMB 100,000, another emerging startup player,
Loop Reality, was declared 2nd Runner-up and received a cash prize of
RMB 30,000. Both these companies qualified for the global finals of the
competition, which will be held at Shenzhen, China between April 11 -18.
Loop
Reality is a disruptive technology firm, whose first product LoopFit is
an immersive multiplayer VR fitness solution, which allows its users to
experience outdoor environments, indoors.
AuthBase, a deep tech
cyber security company working out of T-Hub has been recognised with the
Hot 100-Race To Grace 2017 Award, which champions innovation and
enterprise. The company provides frameworks for developers to secure
their applications and use Deep Learning to detect and mitigate hack and
bot attacks real-time.
The fourth start-up nurtured by T-Hub and
garnering international attention after being conferred with the
"Acumen Global Award 2017" in Kenya is Kheyti, an AgriTech company that
creates dependable incomes to small farmers using technology.
Kheyti
designs, adapts and implements low-cost farming solutions that help
small farmers increase yield and predictability of produce.
"The
unique model of T-Hub enables investors and corporates to plan programs
and capacity building initiatives in a targeted and organised manner.
T-Hub is also the only model where the government is working intensely
with the investor and the partner to fuel innovation and facilitate
enterprise," said its CEO Jay Krishnan.
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