T-Hub, India’s leading startup incubator, today announced the winners of the 12th batch of its flagship program LAB32, conducted in collaboration with Hexagon, a global leader in sensor, software and autonomous solutions. The program received over 230 applications, highlighting India’s robust AI and digital reality startup ecosystem.
Among the 12 finalists who completed the rigorous 100-day program under the guidance of LAB32 and the mentorship of Hexagon’s global experts, three outstanding startups were selected as winners. The winners, who developed Proofs of Concept (PoC) addressing real-world challenges identified by Hexagon, are Indika AI, SwitchON, and Xeeed IO. Indika AI leverages AI to transform financial, medical, and legal operations, demonstrating a PoC of real-time multilingual communication. SwitchON showcased its AI-driven quality inspection system for manufacturers, highlighting a PoC focused on 3D visual inspection of engine block defects. Meanwhile, Xeeed IO was recognized for its PoC on increasing operational efficiency with AI/ML and featuring an advanced equipment status dashboard integrating HxGN EAM and Hexagon Immersal AR.
The Indian AI market is expected to grow at a CAGR of 25-35% to reach approximately $17 billion by 2027, and the selection of these innovative AI-focused startups marks a significant step towards tapping into this tremendous growth potential. T-Hub’s flagship program, LAB32, strategically executed customized market readiness programs for MVP-stage startups to address specific challenges identified by Hexagon, including developing digital twins for EV manufacturing, real-time language detection and translation solutions, and improving prescriptive maintenance capabilities using AR and VR for process plants.
MSR, CEO, T-Hub added, “T-Hub is proud to recognize the achievements of Indika.AI, SwitchON and Xeeed IO. These startups embody the innovative spirit that is driving India’s AI sector forward. We are dedicated to nurturing such visionary efforts and providing the mentorship and resources required to propel their solutions to international markets. This collaboration underscores our commitment to foster breakthrough innovations that redefine industries and make an impact globally.”
Hexagon is excited about potentially further engaging with the winners and is currently evaluating potential working models and contractual agreements following mutual alignment. The winners plan to work with Hexagon to implement a robust go-to-market strategy.
“We are delighted and excited by the success of Hexagon’s Startup Catalyst program. Hexagon R&D India is focused on driving innovation in digital reality and autonomous technologies by fostering fresh thinking and unique perspectives. In the last 100 days, we have seen the startups’ ambitious visions and innovative demos come to fruition. We look forward to helping startups scale their solutions to scale global markets in the future,” said Navaneet Mishra, Sr. Vice President and Head, Hexagon R&D India.
