Otis and T-Hub reviewed the proof-of-concepts (PoC) of the four start-ups – Graymatics, Visio Ingenii (VI), Deep Vision AI and Orbo AI – which showcased their PoCs on demo day. The companies were shortlisted for the Otis Innovation Challenge.
For the challenge, T-Hub initiated a call for applications from start-ups across the globe and received applications from 14 countries. From this pool, a total of four start-ups met the eligibility criteria. The shortlisted firms have emerging technology-based solutions that can integrate with Otis offerings participated in the six-week challenge.
With the opportunity to collaborate with and enable innovative technology solutions, they also got the chance to scale-up by developing a PoC for a specific use case defined by the manufacturer, with funding of up to $10,000 per start-up. On the demo day, the cohort start-ups showcased their respective PoCs to key Otis executives for the final time.
PoCs were based on smart solutions across functions that aim to improve the efficiency and utilisation of elevators, escalators and travolators. The solutions were built on emerging technologies such as computer vision, signal processing, machine learning and Artificial Intelligence.