Benglauru, NFAPost: Oracle APAC Startup Idol 2022, a program where Oracle creates a virtuous cycle of innovation by blending startup ingenuity with enterprise resources – to deliver transformative solutions to customers, has selected two startups to win three awards.
Bangaluru based DeepVisionTech, a social startup with a vision to empower people with disabilities by building AI based innovative solutions – won two of the three awards; one for the most creative startup pitch, and the other for the best innovative solution.
Hyderabad-based startup TensorGo Technologies was the other winner who impressed analysts with the breadth of examples of how its solution is used, and won Best Overall Pitch.
Since the past few years, Oracle organises the Oracle APAC Startup Idol, where shortlisted startups and innovators are invited to showcase their unique product offering and cutting edge technologies before an audience of industry analysts.
Oracle India Regional Managing Director Shailendar Kumar said the entrepreneurial spirit in the country is going through a complete revolution.
“India’s bold new entrepreneurs are rewriting traditional rules of business and setting a fresh and innovative platform. Oracle is reinforcing its commitment towards strengthening the Indian startup ecosystem and helping them with a 360 degree approach to scale their business while also facilitating access to Oracle’s huge global customer base and pool of talent and technology,” said Oracle India Regional Managing Director Shailendar Kumar.
Held in January 2022, the Oracle APAC Startup Idol 2022 had the participation from over 50 analysts from Gartner, IDC, Forrester, Ecosystm, Omdia, CapioIT, Telsyte, ADAPT and Greyhound. The analysts voted live to shortlist winners from a group of six startups who are all members of the Oracle Startup Programme.
About DeepVision Tech
DeepVision has developed an Oracle Cloud Infrastructure-based AI powered device-agnostic platform called ‘Let’sTalkSign’ that enables easy two-way communication between deaf, speech & hearing impaired people who use sign language and others who do not know sign language.
It helps deaf and speech-and-hearing-impaired people to live more independently, while helping businesses become more inclusive towards the deaf.
‘Let’sTalkSign’ uses deep learning techniques embedded in an app that doesn’t rely on expensive additional hardware. It provides speech and text to sign interpretation and signing can be simulated by a 3D avatar.
It is expressive, with facial expressions, body language, finger movements. To provide the first high-tech solution in the Indian market for the deaf community, the startup collaborated with multiple partners including the National Institute of Speech and Hearing.
The startup plans to focus on Indian sign language first, bringing its technology to deaf individuals, inclusive businesses, and educational institutions in India before applying its AI and computer vision techniques to sign language used in other countries.
About TensorGo Technologies
TensorGo Technologies offers an enterprise-grade, low-code platform running solely on Oracle Cloud Infrastructure that applies computer vision and deep learning to diverse domains.
They work with customers including Pinterest and First Abu Dhabi. Being in the cognitive business space is inspired by the multi-dimensional mathematical object Tensor. TensorGo’s aim is to build a smarter world where self learning systems and data powered models combine with human intelligence.
Tensorgo recently started to work with a fertility clinic to support doctors with diagnosing and treating patients, as well as a social media organization to detect explicit content among millions of pictures and videos
Some of the other startups that participated in the Oracle APAC Startup Idol 2022 included:
Thailand’s BOTNOI Group – which aims to solve the shortage of expert workers like nurses using AI chatbots. Its products are used by more than 50 enterprises across retail, finance, and healthcare, including Allianz and BMW.
Colakin from Australia, presented a solution that solves the problem of finding the right-sized clothes in shops and online. The startup’s app helps users understand their body measurements and recommends clothes that will suit them in-store and online, using natural language processing via Oracle, and blockchain for security.
Another Australia based startup DekkoSecure delivers military-grade collaboration security to keep data secure. Its app-based solution, which makes end-to-end encryption invisible to its users, lets them share and communicate highly sensitive and confidential information with internal and external parties. It is currently used by state law enforcement in New South Wales, including banks, law firms, and defense contractors.
About Oracle for Startups
Conceived in 2017, Oracle for Starups has evolved into a program where Oracle creates a virtuous cycle of innovation by blending startup ingenuity with enterprise resources – to deliver transformative solutions to customers.
As part of the program benefits, startups can accelerate their growth with free cloud and support from experienced product teams at Oracle. They receive 70% discount on cloud from day 1 and $500 of free cloud credits (with the option to apply for more).
They are also offered migration and technical support with live monthly webinars. Lastly, startups get the chance to scale their business egagement and co-sell with Oracle’s global customer base of more than 430,000 customers, providing a path to revenue for them.
