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Manufacturing startups shine at CeBIT, seek funds
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SME Times News Bureau | 31 Oct, 2015
Manufacturing startups operating
in the space of vision inspection system, data monitoring and control
and advanced Point of Sale (POS) solutions are vying for attention and
funding at the software industry-dominated CeBIT, the largest and most internationally represented computer expo.
Vision
inspection system and self-learning system machines manufacturing
startup Maxerience aims to automate quality control in dynamic
manufacturing with its machines, said founder Pradeep V.S.R. Pydah.
"Maxerience
takes the photograph of a perfect product (Golden reference) and
compares the quality of subsequent products for quality and pinpoints
defects," he said, adding one of their clients manufactures 12,000
remote control key pads every day and employs four people to physically
check for defects - a task which they have automated.
Some of the
technologies deployed by Maxerience are machine learning, motion
control electronics, computer vision and mechanical design among others.
Self-funded
Maxerience has four customers including a Fortune 50 company. It is
also selling vision inspection systems for electronics manufacturing and
3D printing companies in South Korea.
Self-funded three-year-old
Data Monitoring and Control startup EMNICS makes systems for industrial
data monitoring and failure detection, said its founder Jegajith P.T.,
saying their technology can be used by a a power plant company with
operations in remote areas to monitor its machines remotely and avert
failures.
Currently operating with eight employees, EMNICS aims to focus on Internet of Things (IoT) security in the future.
Easy Design Solutions is another hardware startup showcasing its Point of Sale (POS) products at India's largest software fair.
Its
founder Soundararaj R. Damodharan said, "There are so many POS machines
in the market now, but many of them lack advanced features like Cloud
integration, ERP integration, online report generation, remote inventory
management and advanced authentication mechanism among others. These
are all packed in our POS machines."
Damodharan is seeking funding and marketing guidance from VCs, Angels and mentors.
However,
one common fundamental pain point highlighted by the manufacturing
startups is lack of funding and venture capital enthusiasm for
manufacturing startups India.
"Everybody brags and exaggerates
funding for software and e-commerce startups while ignoring
manufacturing and hardware startups. The heart and soul of aMake in
India' and 'Digital India' is manufacturing... just check how much of
funding trickled down to manufacturing startups," questioned a hardware
startup founder who did not wish to identify himself.
"I had to
incorporate my startup in the US as I did not get sufficient
encouragement in India. Not everybody can do that," he added.
V.
Mahadesha, additional director, Software Technology Parks of India
(STPI), said: "Nationalised banks like SBI and others must give
collateral free funding to manufacturing startups, which should not be
harassed even if they fail."
Another reason he cited for the lack of enthusiasm is the duration it takes for a hardware startup to break even.
Like any manufacturer, manufacturing startups have to bear the expenses of power, machines, building and others to name a few.
Nearly 20 manufacturing startups are showcasing their wares at CeBIT with support from STPI.
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