Hyderabad: Lowe’s Innovation Labs, the innovation hub of Lowe’s Companies, launched its first Indian cohort for its startup accelerator program – Construct. 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 for the cohort.
The programme is open to deep technology companies of all sizes and at all stages and 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 bring to market the future of home improvement retail.
Out of the seven startups selected for the first cohort, Hyderabad-based Nanospan, which focuses on nanotechnology, producing graphene and nano composites with applications in building the next-gen homes, defence tech and energy storage, was also selected. Other startups are five Bengaluru-based companies – Stylumia, Infilect, Headway, Siddhi.ai and Rephrase.ai and one Delhi-NCR-based startup StoryXpress.
“India is home to a wide network of innovators developing solutions to global issues. We have set up Construct as a way to partner with the brightest minds to reinvent home improvement retail,” said Abhay Tandon, director – Innovation and Head of Lowe’s Innovation Labs – India.
The virtual launch event was held on June 17 with more than 5,000 participants, leaders and speakers from across the globe.
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