Hyderabad headquartered startup incubator T-Hub on Tuesday said it shortlisted 10 early-stage South Korean startups for its market access accelerator programme, in partnership with Korea SMEs and Startups Agency (KOSME).
KOSME is an initiative of the Ministry of SMEs and Startup of the South Korean government.
“The need of the hour for the startups across the globe is to swiftly adapt to the new changes and seize the unique opportunities presented by the pandemic… Startup Accelerator program has been designed specifically for South Korean startups to help them establish a firm foothold in the Indian market,” Ravi Narayan, T-Hub CEO and Telangana’s chief innovation officer said in a statement.
The 10 startups selected for the two month-long acceleration programme are:
One beauty Korea: A healthcare startup that manufactures metal used for dental restorations, such as inlays, artificial teeth, crowns, bridges, and other dental procedures, and it is processed by computer-aided dental design and manufacturing units.
A-virtual: The cleantech startup makes air-purifying gadgets for households, offices and cars.
Honour Farm: Another cleantech startup, it disinfects water to enable water quality control based on nanobubbles.
LabSD: The healthcare startup provides a community eye health solution, EYELIKETM. The solution allows health professionals with minimum training to conduct screenings of international standard for the diagnosis of eye diseases, such as diabetic retinopathy, glaucoma or AMD (age-related macular degeneration) at a reduced time and cost while sharing the information with the entire referral system, according to the statement.
Letsfarm: The agritech startup offers Smart Edufarm in stackable versions, which will enable the user to have specially designed chambers for different types of plants or growth conditions.
Braincolla: The content management startup uses an artificial intelligence and blockchain-based content acceleration platform for content-related business apps.
Coconut Silo: The logistics startup brings a freight transport brokerage platform that matches shippers and car owners who want to transport domestic cargo using the mobile app/web and international cargo across land borders.
L’air Pur Co: The healthcare startup brings integrated breathing masks, which are easier to use and more comfortable to wear, according to the statement.
TAGHIVE Inc: The edutech startup operates Class Saathi, a combination of a low-cost classroom clicker and a mobile app that connects all the stakeholders -- students, parents, teachers and administrators. There is a separate mobile app interface for each stakeholder.
Korean Aviation Lights: The aviation light startup manufactures LED aviation obstruction light, explosion-proof LED aviation obstruction light, solar powered LED aviation obstruction light, helipad lighting system, solar panel, among other products.
India’s startup incubation and accelerator programmes sector has been active throughout 2020, with T-Hub announcing at least four other programmes so far. In January, it chose 31 startups for the first batch of its funding-focused programme T-Angel from sectors such as health-tech, edtech and enterprise technology.
Same month, it chose 45 startups for the third edition of its incubation programme Lab32. In April, nine of its portfolio startups developed solutions to curb the spread of the Covid-19 outbreak.
In June, it partnered with Shenzhen, China headquartered smartphone company OPPO’s Indian unit to invest in startups from the telecom sector. In July, it partnered with the Ministry of Electronics and Information Technology (MeitY) to launch an accelerator programme for startups in the internet of things (IoT) and hardware sectors.