Panasonic selects 12 startups as part of first accelerator program with 100X.VC

Operating systems technology company Panasonic has shortlisted 12 start-ups in consumer IoT solutions, wireless building management and energy solutions for their accelerator program, the company said Tuesday.

The  ‘Panasonic Ignition’ Corporate Innovation accelerator program in partnership with seed stage venture capital 100X.VC received over 140 entries.

Quebeq Ventures, which integrates virtual power plants with proprietary energy solutions as well as cloud and IoT company Cymbeline, apart from SaaS powered electricity management platform Nebeskie were among the startups that made to the cohort.

Manish Misra, Chief Innovation Officer at Panasonic Life Solutions India said the initiative underscores their commitment to fostering groundbreaking technologies and solutions to address evolving needs of commercial spaces.

Young founders of emerging startups, as part of the program, will receive investment, access to various masterclasses, expert mentorship, and support around product strategy and growth.