Panasonic Life Solutions India (PLSIND) has announced Enlite and Clairco as the inaugural winners of its Panasonic Ignition program. Enlite specializes in AI-enabled wireless building management systems, while Clairco focuses on IoT-based smart air purification devices and space optimization solutions. Both startups will receive strategic funding and collaborate with Panasonic business teams for further development and implementation.Innovation Partnership The Ignition program, in collaboration with 100x.VC, aims to address real-life challenges in Energy Management Systems for Commercial Spaces. In addition to funding, winners will benefit from business collaborations. Four Accelerate winners—Sustlabs, Quebec Ventures, Sensiable, and Blaze—will also have the opportunity for business collaborations and implementation partnerships with Panasonic companies.Manish Sharma, Chairman of Panasonic Life Solutions India & South Asia, emphasized the company’s commitment to fostering innovation in India’s burgeoning startup ecosystem. He highlighted Panasonic’s India Innovation Centre (IIC), established in 2017 with an initial investment of â‚ą240 crores, as a testament to this commitment.Strategic EndeavorSharma stated, “The objective of IIC is to drive tech-based innovation and deliver business growth. Today, we’re pleased to see that our investments are yielding results.” He expressed confidence that the Ignition program will address the critical issue of energy management for commercial spaces.The 12 shortlisted startups, including SustLabs, MinionLabs, Zodhya, and Living Things, pitched their ideas and commercial plans to a panel of judges from Panasonic and 100X.VC.Panasonic Ignition is an integral part of the Panasonic Kurashi Visionary Fund (PKVF), a Corporate Venture Capital fund focused on investing in early to mid-stage startups across Japan, Europe, and India. The fund prioritizes areas such as well-being, decarbonization, energy, food infrastructure, spatial infrastructure, and emerging lifestyle domains.
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By Ravi Kumar