In just the first half of the calendar year 2022, 15 companies have entered the billion-dollar unicorn club. Spanning analytics, edtech, blockchain, fintech to Artificial Intelligence, e-commerce, home interiors, gaming and more, the startup space is abuzz with activity and promise!
An environment of acceptance for risk takers to start their own ventures has been fueled by acceptance for entrepreneurship, frequent disruptions made by tech, and the availability of funding.
Entrepreneurship is challenging the old guard, and Plaksha understands this. Challenge Labs is an integral part of the Plaksha’s Technology Leaders Program experience, where students embark on a mini-entrepreneurial journey. It includes iterative prototype development, market validation, and the development of an innovative business model supported by financial projections and a funding strategy. The course offers an opportunity for students to apply learnings in AI-ML to real-world problems.
“Lawyers spend a major chunk of their time researching legal cases and precedence. Our customer survey indicates that around 70% of their time is consumed by legal research. With our product Lawgically, we are enabling lawyers to reduce the time it takes them in legal research so they can focus on other key areas. We utilize optimized search techniques leveraging Natural Language Processing (NLP) to return the most relevant judgements based on the lawyers' input in the form of case facts.”
“Challange Lab involved work ranging from hypothesis formation to final business model. Unlike other courses, Challenge Lab was unique in the sense that we had to begin from scratch and break all preconceived notions. During this journey, my team was my biggest support and the camaraderie we formed was truly delightful.” said Apratim Chandra Singh, a graduate from St. Stephens in Physical Sciences and a Young India Fellow.
Patients' lifestyles have a huge role to play in the management of chronic diseases such as type 2 diabetes. Through the kronic.care app, we aim to offer a service that allows for convenient tracking and monitoring of health parameters for patients living with diabetes type 2 in order to recommend lifestyle modifications and improve health outcomes. Our personalized AI insights allow the user to get the best information about their health. Having seen members in our immediate families live with chronic diseases, we are passionate about providing an end-to-end platform for patients to help them bring their parameters under control and lead a healthier life.”
“In the ecosystem of wellness and care, there is limited availability of technology interventions which use physiological metrics to identify and manage anxiety and stress problems. As psychological interventions are sporadic in nature, there is a big need for interventions based on physiological factors as they have the capacity to continuously monitor our health.”