To encourage the adoption of AI among businesses, startups, and MSMEs, Infibeam Avenues and the Entrepreneurship Development Institute of India (EDII) have signed a Memorandum of Understanding (MoU).
According to a press release from the company, Infibeam has implemented and launched its THEIA Platform as part of the MoU, giving EDII’s entrepreneurs and students the tools they need to create their own AI products.
The “Start-up Accelerator Programme,” the “AI Implementation Programme,” and the “MSME Support Programme” are the three main programs that Infibeam will initially be collaborating on.
“This collaboration aims to inject a dynamic factor into entrepreneurial ventures by integrating AI and tech solutions. In the future, only those entrepreneurs who embrace digitalization and Artificial Intelligence as integral parts of their business operations will thrive and achieve sustainable growth,” said Vishal Mehta, chairman and managing director, Infibeam Avenues.
The Ahmedabad-based company has integrated “AI Facility Manager” in addition to THEIA Platform. This allows for the monitoring of authorized and unauthorized entries and exits by gathering data, including visual data, from campus CCTVs. At the EDII campus, this platform will also include resource management, energy management, occupancy or space monitoring, security management, and more.
In addition to the THEIA Platform, the Ahmedabad-based company has integrated ‘AI Facility Manager,’ which gathers visual data from campus security cameras and allows for easier monitoring of authorized and unauthorized entries and exits. On the campus of EDII, this platform will also include energy management, resource management, occupancy or space monitoring, and security management.
Infibean would also help startups, MSMEs, and EDII beneficiaries with business development opportunities by using the AI solutions developed under this initiative, according to the press release.
