Panasonic, in collaboration with Panasonic Life Solutions India (PLSIND) and Panasonic Corporation (PC), has announced that it has selected 12 startups for the inaugural cohort of the "Panasonic Ignition" Corporate Accelerator programme, held in partnership with 100X.VC. The programme is aimed to support early to mid-stage startups focused on innovative solutions in the field of Energy Management for commercial spaces, a press release stated.
Launched in October 2023, the programme received applications from over 140 startups. After evaluation, 12 startups were shortlisted to participate in the three-month programme. During this period, the selected startups will receive comprehensive support, including mentorship sessions, guidance, and financial resources from both Panasonic and 100X.VC, the release stated.
As part of their engagement, Panasonic will introduce challenges for the startups, and based on regular reviews, the final winner will be announced in March 2024.
The startups selected are SustLabs, MinionLabs, Clairco, Enlite, Zodhya, Living Things, Sensiable, Carbon Minus, Nebeskie, Quebeq Venture, Blaze, and Cymbeline.
Manish Misra, Chief Innovation Officer at Panasonic Life Solutions India, said, "This initiative underscores our commitment to fostering groundbreaking technologies and solutions that address the evolving needs of commercial spaces while contributing to a sustainable future."
Yagnesh Sanghrajka, Founder and CFO at 100X.VC, said, "Due to joint efforts by both the teams, in a very short period, we were able to attract so many applications from high-quality startups. We look forward to working with the shortlisted startups and contributing to their journey over the next 12-14 weeks."
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