Seven Indian startups join CONSTRUCT by Lowe’s
Innovation Labs, a stage-agnostic program designed to reimagine home
improvement retail
Lowe’s Innovation Labs, the innovation hub of
FORTUNE® 50 retailer Lowe’s Companies Inc., today launched the first Indian
cohort of its signature, stage-agnostic startup accelerator program, CONSTRUCT
by Lowe’s Innovation Labs. Seven startups from across India, representing a
diverse range of interests including merchandising, AI-driven trend
forecasting, automated content generation, talent acquisition, hyper real AI
and sustainable next-gen home construction technology were selected after a
five-city roadshow conducted earlier this year.
CONSTRUCT is designed to be a flexible alternative to
traditional corporate accelerators. Keeping with Lowe’s Innovation Labs’
mission to use exponential technology to accelerate experiences that customers
expect today and to deliver tomorrow’s breakthrough capabilities, the program
is open to deep technology companies of all sizes and at all stages.
Programming centers around highly personalised, one-on-one working
relationships, access to internal and external mentors, and an emphasis on
working together to reimagine prototype and ultimately bring to market the
future of home improvement retail.
Participants in the first cohort include:
·
Stylumia: A Bangalore-based startup focused on providing
product insights through its AI-powered consumer-driven, demand-sensing engine
for seen and unseen products
·
Infilect: A Bangalore-based startup with strong
computer vision capabilities and AI platforms, helping brands and retailers in
measuring, monitoring and improving retail processes such as product
distribution, placement and sales.
·
StoryXpress: A Delhi NCR-based startup with an end-to-end
video marketing platform that enables brands and retailers to convert their
e-commerce product catalogs into videos at a fraction of the standard time and
cost.
·
Headway: A Bangalore-based startup focused on talent
acquisition powered by AI and behavioral science, helping talent acquisition
teams function faster with deep talent analytics.
·
Siddhi.ai: A Bangalore-based startup focused on using AI
to craft actionable insights from the vast, unstructured resources of the open
web to help lifestyle brands and retailers personalise product decisions.
· Rephrase.ai: A Bangalore-based startup focused on building
generative AI tools to make professional automated human-like videos with
applications involving Hyperreal AI.
·
Nanospan: A Hyderabad-based startup focused on
nanotechnology, producing graphene and nano composites with applications in
building the next-gen homes, defence tech and energy storage.
The virtual launch event was held on 17th June
2020 with more than 5000+ participants, leaders and speakers from across the
globe. Cheryl Friedman, Vice President of Lowe’s Innovation Labs from
Lowe’s Global and Ankur Mittal Vice President Technology and Managing Director
of Lowe’s India
provided the keynote remarks. Speakers from Gojek, Udaan, Haptik, The Brigade
Group and Accenture engaged in a fireside chat and panel discussion about the
future of home improvement retail.
Lowe’s
India
is the retail technology and analytics center for Lowe’s Companies, Inc. With
more than 2,500 associates, Lowe’s India focuses on technology,
analytics and shared services.
Bengaluru, June 18, 2020