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Michelin, a leading French tyre company, has partnered with the Department for Promotion of Industry and Internal Trade (DPIIT) to introduce a program aimed at fostering innovation and entrepreneurship.
The AI Startup Challenge, scheduled to take place from July to September, seeks to identify, guide, and partner with prominent AI startups in India.
The 12-week challenge is hosted on the Startup India platform and asks entrepreneurs to submit proposals that demonstrate their skills.
The three most successful startups will be awarded funded pilot projects by Michelin, with each project receiving up to Rs 5 lakh. Additionally, these startups will have the chance to secure long-term worldwide contracts and receive incubation support from Michelin leadership.
The AI challenge would significantly incentivize Indian Startups to collaboratively develop solutions in key domains such as manufacturing, supply chain, operating software, and infrastructure.
Rajesh Kumar Singh, DPIIT Secretary, said: "the initiative offers opportunities to develop solutions in manufacturing, supply chain, operating software, and infrastructure, leveraging AI and robotics to enhance manufacturing processes, improve product quality, boost safety, and reduce defects,"
Shantanu Deshpande, Managing Director, Michelin India, said: "We eagerly anticipate the participation of Indian startups in the AI challenge as we co-build global solutions together,"
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