Here are 4 more shortlisted startups from the 3rd edition of Qualcomm Design in India Challenge that are revolutionising activities like cashless payments and water conservationTeam YS
If you have missed the coverage on the interesting work being done by the other 10 startups that are part of the 3rd edition of Qualcomm Design in India Challenge, do read about them now.
Nearex Technologies is a growing fintech company that aims to revolutionise small payments through its innovative cashless payment technology designed especially for use cases in emerging markets. Founded in 2015 by Mayank Sharma and Arun Tanksali, Bengaluru-based Nearex’s Xip micropayment ecosystem is designed to digitise everyday low-value payments (for instance bus tickets, parking charges etc.) where cash continues to dominate. Xip leverages the power of contactless technology to deliver a world class end-to-end solution comprising terminals, tags and the software.
Xip can foster adoption of cashless payments by simplifying technology and the entire ecosystem around closed-loop payments. From no-learning curve payments to simplifying business processes, it offers a platform beyond just a technology to make cashless payment possible. Xip is currently in use in over 12 countries across three continents, with tens of thousands of merchants and hundreds of thousands of users.
As part of Qualcomm Design in India Challenge, the team is working on integrating Qualcomm® MDM9207, a LTE modem chipset platform with high quality 3G/4G LTE multimode and multiband support, into its product. “We needed to balance conflicting requirements of affordability, full 4G capability, battery/power performance and the ability to integrate with all the interfaces we have in our POS terminal. MDM9207 provided the most optimum balance for all of this. Hence, we are looking at integrating MDM9207,” says Arun.
PiOctave Solutions Pvt. Ltd.
A three-year-old Bengaluru-based startup, PiOctave Solutions develops video-enabled smart devices and builds robust applications that enable any connected device to send and receive video and data information. PiOctave’s Cloud Platform provides the infrastructure to handle streams of Video-IOT data fed from millions of intelligent devices. The architecture for this type of real-time stream processing must be robust enough to deal with ingest, processing, storage and analysis of hundreds of millions of events per hour.
Founded by Kiran Nayak, Anand Palassery, Gijo Prems and Niteesh Kumar, the startup has expertise in hardware, algorithms, firmware, application software development, cloud server implementation and cloud analytics. PiOctave is working on developing a smart NVR and gateway platform for integrating the connected neighbourhood and providing smart notifications to the user.
The gateway is expected to help in the areas of home and apartment complex monitoring, critical asset monitoring, fleet management, and monitoring of school transportation fleets, transportation of critical goods, transportation of food and beverage items and industry monitoring for key variables. The gateway will be based on Qualcomm QCS605 architecture, providing capability for video transcoding and edge video analytics on the edge.
Sensworx Systems India Pvt. Ltd.
Sensworx Systems is an IoT startup based out of Hyderabad that has set out to disrupt existing water management systems through its NetWater platform. The platform utilises low power wireless connectivity, cloud computing, analytics and machine learning technologies to conserve water and solve other problems in existing water management systems.
The NetWater platform consists of smart water meter hardware and firmware, which uses an in-house developed ultrasonic flow sensor. The NetWater application software is designed to suit the needs of the varied types of water consumers – from municipalities to smart city ecosystems. Some key features of NetWater include the ability to access information on water consumption on a daily basis via a smartphone app, detection of leakages both during usage and transmission, the ability to know the water meter’s health and to predict problems in the water supply systems before they occur.
The startup was founded by Manohar Bandarum, Vikas Thukuntla, Kamlesh Raval in August 2015.
Testright Nanosystems Pvt. Ltd.
It’s well-known that the commodity market is swamped with food products of substandard quality - from milk, fuel, to spices. But, in the absence of a simple-to-use method to analyse the quality at the point of purchase, consumers are compelled to ignore this fact. While there are laboratories where these products can be tested, the process is time-and effort intensive and expensive for regular household customers. Additionally, in the food industry, products are priced and sorted based on their quality. For instance, the price of the milk is based on its fat and protein. But, again there aren’t easy-to-use devices to tell the chemical make-up of these items.
Founded by Shubham Rathore, an alumnus of IIT Roorkee, New Delhi-based Testright Nanosystems aims to address these on-ground challenges with their flagship pocket-sized device which reveals the composition of food products by a simple point-and-shoot action. The data will be acquired through reflection spectroscopy and sent to the cloud where a database exists. This database keeps expanding as more users scan the substrates and Machine Learning helps in consolidating the accuracy of the prediction. The final results are then sent back to the user.
The team has already built a pocket-sized spectrophotometer which works in the wavelength range of 360-1100nm and has started with milk as the first substrate. The team plans on opening up the platform to let other partners develop more applications for different commodities like spices, oils, etc. The technology is patent pending and their proprietary process of producing low-cost high-quality diffraction grating provides a strong entry barrier on the technology side. As part of Qualcomm Design in India Challenge, the startup is evaluating the Qualcomm MSM8909 chipset to bring Android capabilities to their device itself and thereby enhance its on-chip analytical capabilities.
The startup already has many awards to its credit. It was among the top innovators selected to represent the Indian Pavillion at the Boston Bio-International Convention. The startup has won accolades in forums such as BioAsia'18, Vibrant Gujarat Startup Summit'17, Unconvention Delhi, Falling Wall Labs'16, among others. The startup has also won the Biotechnology Ignition Grant by BIRAC.