Target India today announced the fifth batch and the largest
cohort yet for the Target Accelerator Program. Eight startups were selected to
develop innovative technology solutions with the potential to enhance guest
experiences at Target and in the wider retail industry. These startups will
work in the areas of artificial intelligence, machine learning, computer
vision, natural language processing, analytics and digital experiences.
“The Target accelerator’s largest batch yet holds diverse
capabilities that can add value to our business and the entire retail sector
through cutting-edge technologies such as AI and machine learning,” said Rakesh
Mishra, vice president of marketing for Target and the accelerator program’s
executive sponsor. “We are fortunate to have the opportunity to tap
into the immense innovation potential that exists in India through the Target
Accelerator Program.”
The startups selected for the accelerator will go through a
rigorous four-month program, wherein they will get to refine their technology
offerings and pilot solutions at Target stores or headquarter locations. In
addition, during their stint with the accelerator, they will have access to
Target business leaders as mentors. The startups will also be provided with
legal, financial and talent consulting services based on the need of the
startup. At the end of the program, startups will have the opportunity to pitch
their products and capabilities to investors and others in Bengaluru’s startup
ecosystem, and possibly continue their engagement with Target.
The eight selected for
the fifth batch of the accelerator program are:
- Cogknit has a solution that extracts context from videos and is
able to generate a textual play-by-play of the video content.
- Hyperworks has developed software that integrates with hardware to
scan fresh produce using a simple camera.
- Moonraft is a design consultant with an artificial intelligence-powered
shopping assistant in the trial room.
- Cognitifai is able to perform video analytics on video footage
(both live and offline).
- Light
Information Systems has
capabilities in natural language processing that can be applied to
customer support functions.
- vPhrase can generate insights in natural language from
structured data.
- Streamoid enables personalized product recommendations and
natural language search.
- Jumper.ai enables shopping on social media through hashtags.
Along with external startups, Target also encourages
participation from internal teams in the accelerator program. Pal’s
Prompt, an affiliate marketing solution for Facebook, was developed by
one of our Target India team members and has been selected to be a part of this
cohort.
No comments:
Post a Comment