Lowe’s Innovation Labs (LIL), the innovation hub of Lowe’s Companies Inc has announced its expanding its network into Bangalore, India by launching a startup accelerator program focused on developing technologies including augmented reality (AR) and virtual reality (VR), 3D scanning and printing, and robotics.
LIL-Bangalore will be creating an intensive 16-week accelerator program for the startups, after which they will have the opportunity to partner with LIL to deploy their technology in the US.
Started in 2014 LIL was created to bring together uncommon partners with a commitment to get technology out of the lab and into the real world. Kyle Nel, executive director of Lowe’s Innovation Labs said in a statement: “In our first year, Lowe’s Innovation Labs demonstrated a bias toward action – doing and not just talking, and Bangalore will be an extension of our team’s work in the US. We are energized by the talent and community in Bangalore, and are excited to build our global portfolio with a focus on developing entrepreneurs in addition to technology.”
LIL-Bangalore will be looking to open in December 2015 in the heart of downtown Bangalore’s startup-rich community, and it will be interesting to see what developments come from the program in the coming years. VRFocus will continue to follow the latest news and announcements from LIL and report back.