Energy management company Schneider Electric has launched a supply chain hackathon named ‘Innovate to Inspire’ for start-ups. The hackathon will be backed by K-Tech Innovation Hub and will focus on finding solutions specific to the global supply chain challenges.
Schneider said in a statement that the future-ready platforms powered by new technologies and start-ups built on innovation are the keys to solving today’s business obstacles, and the hackathon will bring industry leaders and enthusiasts from across the country together to co-create innovative supply chain solutions.
“In line with recent advances, the supply chain industry has an immense potential to grow further, powered by new-age technologies,” it said.
“This initiative will offer an opportunity to partner and collaborate with Schneider Electric by competing to solve industrial use cases and providing the best solutions. Selected start-ups will get a chance to work with Schneider Electric along with receiving professional mentorship and the opportunity to network and scale themselves up,” it added.
According to Javed Ahmad, Sr. Vice President, Global Supply Chain at Schneider Electric, the supply chain industry has been showcasing exponential growth. With this, energy demands are also growing in tandem. Making environmentally-conscious decisions will empower the industry to establish a sustainable and resilient infrastructure, resulting in environment friendly operations and long-term economic growth.
“The ‘Innovate to Inspire’ hackathon will create an opportunity for start-ups to create innovative solutions and become the preferred partner of choice for Schneider Electric’s global requirements. Selected teams will also be working as empanelled vendors to develop the proof of concept. We encourage industry leaders to integrate digital and sustainable solutions into their supply chains for a better tomorrow," said Ahmad.
The company is set to expand its presence in Telangana with its second manufacturing unit. The unit will be located near the Rajiv Gandhi International Airport at Shamshabad. The first smart factory was set up in Hyderabad in 2019.