Lowe’s Innovation Labs (LIL), a hub of Lowe’s Companies Inc, is focusing on building emerging technologies such as virtual, augmented and mixed reality, robotics, AI and additive manufacturing. The Lab accelerates experiences that Lowe’s customers and associates expect today and develops new capabilities and offerings that will power tomorrow. Taking this further, LIL announced a four month accelerator program – Bangalore Cohort 2020 in search of talented Indian technology startup companies by visiting five cities: Delhi NCR, Mumbai, Bengaluru, Chennai, and Hyderabad.
This initiative gave start-ups a platform to showcase their exemplary ideas and helped Lowe’s to recognize organizations that are doing breakthrough work in technology, together they plan to combine efforts and ideas to devise cutting edge strategies. It is designed to foster partnerships and sponsor projects with Indian startups eager to transform home improvement retail, whether that’s creating groundbreaking experiences for home dwellers, generating new services for trade professionals or applying emerging tech to the retail associate experience.
LIL received over 300+ startup applications out of which over 60 startups were selected for the first round. These startups were selected basis their phenomenal work in deep technologies such as AR/VR, ML&AI, NLP, Big Data, Nanotech, Haptics, Blockchain, Image recognition, Computer vision and many more. Right now, LIL is in the process of shortlisting a few startups that will be a part of the launch program towards the end of March 2020.