Hyderabad: Of the 85 applications received for Hyderabad Metro Rail’s Station Access and Mobility Programme (STAMP) challenge, 22 solutions have been selected in the initial screening and their presentations examined by the jury.
The solutions offered by the first round selection of 22 start-ups ranged from electric cycles, E-scooters, foldable and carriable cycles, IOT (Internet of Things) based solutions, digital payments and shared mobility to aggregated platforms, instant carpooling service for home and office commute, medical taxies and ambulance aggregation services for differently-abled people, etc.
After intense gruelling, 12 start-ups were shortlisted to further undergo intensive boot camp sessions from August 8 to 12 at Metro Rail Bhavan with experts from transit agencies, investment groups, industrialists, product management, customer relations and communications. The solutions offered by these are to be further distilled based on the basis of their implementability and business sustainability and funding arrangements will be made for the winning entries, according to a press release.
The entire process is to culminate in the final ‘pitch day’ on August 11 where prospective entrepreneurs will pitch their respective solutions to senior government officers, industry and mobility experts, investors and venture capitalists, said HMRL Managing Director, NVS Reddy.
Addressing the participants during the opening session on Thursday, Minister for MA&UD, KT Rama Rao advised the participants that while their ideas may be brilliant, they should nevertheless understand the local circumstances and take into consideration the users’ needs to convert their ideas into successful techno-business solutions.