Entrepreneurship is all about passion and perseverance, and anybody can feel these traits while talking to Vaibhav Agrawal, founder of Robotech Labs, a Noida-based service provider in robotics and embedded education. Speaking about his passion, Agrawal said “I didn't know about robotics 7 years back; and, now, I think of only robotics.” So far, the company has reached to 25+ engineering colleges out of the top 50 in the country, and trained more than 20,000 students through different workshops and training modules.
Indian education market is expected to grow to $110 billion by 2017, out of which the market size for robotics kit is anticipated to reach approximately $3 billion by 2014. Speaking about his motivation for being an entrepreneur, Agrawal said “I am born in a typical business family and I have seen my father into business since childhood; and he is one who motivated me to go ahead.” During his college days, Agrawal participated in many international Robotics events, including Unmanned Aerial Vehicles (UAV) robotic competition held in South Korea.
Besides conducting training workshops for colleges, Robotech Labs will soon launch programmes for schools including online programmes, as the startup also receives request from international candidates. Founded in 2009, Robotech Labs has been a self-funded venture; however, it is looking for first round of funding, to scale. It is also planning to get into product development. Outlining the future plan of the venture, Agrawal added, “Our target is to reach out to all parts of country and even international students offering different niche products, and secondly to enter into industrial robotics/ automation domain.”
On the research front, Robotech Labs has developed GetRD, a convenient instrument which can be efficiently utilised by robot-manufacturing companies to conceive new products and improve existing ones. GetRD enables businesses to outsource their research projects and help them bring their ideas to life.