July 26, 2019

Six Deep Tech Startups Win Accenture Ventures ‘Applied Intelligence’ Challenge 2019

Winners to collaborate with Accenture and co-create solutions for enterprises across the globe

MUMBAI, India; July 26, 2019 Accenture (NYSE: ACN) has announced the winners of the second annual Accenture Ventures Challenge in India, which this year recognizes deep tech growth-stage Indian startups with the most innovative business-to-business (B2B) use cases in five categories related to Applied Intelligence: artificial intelligence (AI), data, analytics, automation, and industrial AI.

“The Accenture Ventures Challenge helps us recognize the most disruptive technology startups in India and provides them with access to our Global 2000 clients,” said Avnish Sabharwal, managing director for Accenture Ventures and Open Innovation in India and the Middle-East. “This year’s competition scaled new heights with record participation from mature startups focused on Applied Intelligence. We’re excited about the possibilities that this creates for the winners, and for our clients globally.”

This year’s challenge drew over 370 entries from across India. Of these, 15 finalists were evaluated by a jury of Accenture executives and industry leaders from Indian businesses, multinational corporations and the venture capital community. The judges selected the following winners based on innovative edge, business value and scalability:

Additionally, this year a sixth winner was chosen by the audience at the grand finale event on July 25 in Mumbai. This award was won by CropIn for its platform which uses big data analytics, AI and remote sensing, to enable clients in the agriculture ecosystem to analyze and interpret actionable insights on crops, such as stress levels, yields and cycles based on both historical and real time data.

The winners will join Accenture Ventures’ Open Innovation partner program, through which they will be able to collaborate with Accenture and co-create solutions for enterprises across the globe. The winners will also be mentored by Accenture leaders, introduced to top industry forums, and have access to the Accenture Innovation Hub in Bengaluru where they can further scale their solutions.

Anindya Basu, senior managing director, Accenture India, added, “Competitive edge in the age of disruption demands rapid, shorter innovation lifecycles. At the same time, emerging technologies are more important than ever, often requiring ecosystem partnerships in order to fully harness their capabilities. Our Open Innovation program connects the startup community with clients from around the world, enabling them to collaborate, create new ideas more quickly and implement them at scale.”

The Accenture Ventures Challenge was open to B2B startups in the deep tech space with operations in India, and an annual revenue of at least USD 100,000 in the last reported financial year. This year, nearly 50 startups with more than USD one million revenue participated.

A key component of the Accenture Innovation Architecture, Accenture Ventures is a bridge to the global innovation ecosystem that unlocks growth opportunities for our clients by bringing them together with best in class emerging enterprise startups. In India, Accenture Ventures tracks more than 1,300 startups and has engaged with nearly 200 that have technologies relevant to Accenture’s enterprise clients.

About Accenture
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions — underpinned by the world’s largest delivery network — Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 482,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

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Liza Saha
+91 9871966466