Lowe’s Innovation Labs (LIL), the disruptive innovation
hub of Lowe’s Companies, Inc., announced has the opening of LIL-Bangalore and
unveiled its new facility in the heart of Bangalore. The new lab will
house tech-savvy startups that will participate in an intensive 16-week accelerator
program and give them an opportunity to partner with Lowe’s and deploy their
technology in the U.S. LIL-Bangalore’s primary focus and priority technology
areas include augmented and virtual
reality, 3D printing and scanning, and robotics.
“Innovation and diversity
of thought is at the core of what Lowe’s represents,” said Richard Maltsbarger,
chief development officer and president, International, Lowe’s Companies, Inc.
“Lowe’s Innovation Labs is revolutionizing the home improvement retail experience
in the U.S., and we hope the tremendous talent and vibrant startup community in
Bangalore will help us continue building a network of uncommon partners with
whom we can co-develop technology.”
Lowe’s created LIL in
2014 to bring together uncommon partners with a commitment to get technology
out of the lab and into the real world. Beginning with science fiction
prototyping to craft a narrative for the future, LIL collaborates with startups
and has introduced projects including the Lowe’s Holoroom, an
augmented and virtual reality home improvement design tool, the OSHbot autonomous retail service
robot and in-store and online 3D scanning and
printing.
“Lowe’s Innovation
Labs-Bangalore will provide an open space where startups can interact and
rapidly bring customer experience solutions to life through cutting-edge
technologies, once thought to be the realm of science fiction,” said Kyle Nel,
executive director of LIL. “Bangalore is a dynamic community with world-class
tech resources right in the heart of the city making it the perfect launching
pad to expand our work in the U.S. and take disruptive technology to the next
level.”
LIL-Bangalore will also
complement Lowe’s existing Bangalore Global In-house Center (GIC), which has
been operating since 2014 and has grown to include more than 400 employees
working on technology and analytics solutions.
“Opening Lowe’s
Innovation Labs-Bangalore further strengthens our long-term commitment to
India. We are confident that it will complement our efforts and further
establish India as one of the innovation hubs for the company,” said Lalit
Ahuja, acting managing director, Lowe’s India.
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