New Delhi, Jul 31: Schneider Electric, solution provider in digital transformation of energy management and automation, on Wednesday announced a partnership with Brinc.
The partnership intends to bring Brinc’s Accelerator programme to entrepreneurs in India and across the world. Applications for the programme are open now and until August 10, 2019.
The number of cellular IoT connections is expected to reach 3.5 billion in 2023, and industrial sectors consume more than any other end-use sector, employing about 54 per cent of the world’s total delivered energy. IIoT is driving a transformation in the energy industry and enables unprecedented operational efficiency in industrial applications such as increased energy flexibility which brings value to the energy consumer and energy provider.
The Brinc & Schneider Electric Energy & Industrial IoT Accelerator programme has the goal to invest in entrepreneurs developing the next generation of technology to address challenges of data acquisition, connection and analysis for Industry 4.0. IoT devices and platforms will enable new applications and services in buildings, infrastructure and manufacturing, including the ability to link automation systems with enterprise planning, scheduling and product lifecycle systems.
Successful candidates receive 125,000 USD dollars, plus Brinc and Schneider Electric mentoring and services in exchange for 10 per cent equity of the startup. Applications are open to entrepreneurs around the world but must be present in Hong Kong for 1 month of the program for on-site training, and 2 months of the program can be done remotely. (UNI)