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2014-02-25

US-based retail firm Target launches accelerator program for Indian start-ups

Target India, extension of Minneapolis-based retail company Target Corporation recently announced the launch of the Target Accelerator Program to help early stage start-ups develop concepts that could improve Target’s business and the broader retail industry. Through this accelerator program, Target will work with technology start-ups to help them develop their transformative business ideas by providing them access to mentors, tools, resources and operational support.

Target India, extension of Minneapolis-based retail company Target Corporation recently announced the launch of the Target Accelerator Program to help early stage start-ups develop concepts that could improve Target’s business and the broader retail industry. Through this accelerator program, Target will work with technology start-ups to help them develop their transformative business ideas by providing them access to mentors, tools, resources and operational support.

 

The broad themes of focus include: Mobile, Content, Social, Search, Data and Analytics. The four month immersive program is aimed at helping start-ups develop their ideas in a specially designed energetic and creative hub at Target India’s office in Manyata Tech Park, Bangalore.

 

The five start-ups which have been identified for this program include Turnaround Innovision which automates generation of rotating 3D images through their patent pending turntable and image processing software; Konotor, which enables an in-app two-way communication with seamless integration with existing apps in both iOS and Android; muHive, which has a work flow management tool to associate sentiment classifiers real-time, attach internal segment definitions and dynamically route workflow to simplify social conversations; Unbxd, whose SmartEngage platform enables personalization in search, product recommendations, landing pages and navigation; and Instaclique, which integrates social media conversations online and through mobile apps to increase customer engagement.

 

Navneet Kapoor, President and Managing Director, Target India said, “We are excited to invest in our first accelerator program and are thrilled to be a part of the India start-up ecosystem. We trust that these start-ups will help spur innovative solutions that will ultimately benefit our guests.”

 

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