Mumbai: Infineon Technologies, a world leader in semiconductors, deepens engagement with the startup community including startups from Germany and Singapore in the field of Artificial Intelligence (AI) with its latest AI Challenge program, organized in collaboration with Startup India and AGNIi- housed under Invest India. Invest India is the National Investment Promotion and Facilitation Agency of India and acts as the single first point of reference for investors in the country. The challenge sought a working solution for the Intelligent Document Finder tool with exceptional novel approach.
As a partner, Infineon is helping startups worldwide to turn their ideas into reality, offering semiconductor solutions and network building with decision makers to accelerate their ideas into business. Innovations across a range of applications are not limited to pure semiconductors but also encompass software and system designs that optimize performance and process efficiency. Some of the technologies under development include radar-based blood pressure sensors and low latency & always-on voice applications requiring high sensitivity to varied noise and audio inputs.
Vinay Shenoy, Managing Director, Infineon Technologies, India said, “Artificial intelligence has already found its way into many areas of our daily lives, which in turn impacts the way we work- on the one hand influencing our future product portfolio, and on the other hand elevating our way of working to a new level. AI is a valuable ally for achieving digital transformation as it helps faster analysis of complex digital data and generates valuable insights. This challenge has been a great platform as it leverages a wide array of experts and talent in this field to validate our hypothesis from multiple perspectives. We are proud to have Invest India as our partner for this program.”
Deepak Bagla, MD & CEO of Invest India, said, “Entrepreneurship is one of the underlying pillars of India’s growth story. It continues to create new jobs besides introducing new services, products, processes, and business models. The growth of the ecosystem is facilitated by initiatives like Startup India and AGNIi. These initiatives help in connecting the industry leaders with startups across the country to develop solutions for real-life problems. We are delighted to have partnered with Infineon for their AI Challenge- which has provided many promising entrepreneurs to showcase their capabilities”
Kalyankar Analytics Pvt Ltd won the challenge while Resonova Technologies Pvt Ltd secured the first runner-up spot. The second runner-up and a special category awarding Best All Women’s Team included student groups from across the country. The winning teams were awarded gadgets worth INR 3 lakh, along with a paid pilot of INR 5 lakh and an opportunity to intern with Infineon Technologies India.