SoftTech & AmpliNxt Present:
The Next-Gen AI-Powered
AECO Innovation Challenge
Why Participate?
Startups selected through this challenge will gain exclusive opportunities to
Win Cash Prizes:
Compete for cash prizes worth up to ₹3 Lakhs to fuel your startup’s journey with the following break-up: First Prize: ₹1.5 lakhs to be awarded to the best applicant Second Prize: ₹1 lakhs Divided equally between two winners (first and second runner-up applicants) Third Prize: ₹50 Thousand Divided equally between two winners (third and fourth runner-up applicants)
Access to Networking:
Opportunity to network with industry veterans, investors, and academic leaders with preferential access to SoftTech leadership team to support in refining your technology and scaling your business
Collaboration Opportunity with SoftTech:
"Showcase your innovative solutions to SoftTech Engineers Limited, a pioneer in the AECO domain with over 25 years of industry expertise. Startups with a strong technological foundation and innovative solutions may have the opportunity to explore further collaboration, including pilot projects and potential product integration opportunities subject to SoftTech's discretion and the startup's readiness
Incubation & Growth Support:
Top startups may gain the opportunity for incubation offerings, including tailored mentorship, market access, and investor connections to accelerate growth—subject to their readiness and AmpliNxt's selection criteria.
How to Apply?
Ready to transform your AECO startup? Be among the first 50 applicants to gain an an exclusive session with the AmpliNxt Head for tailored insights on scaling your innovation.
Focus Areas:
The challenge invites startups working on transformative solutions in the following focus areas:- AI-Enabled Metaverse Solutions for AECO: Redefine collaborative design and decision making in AECO workflows by developing immersive 3D environments.
- AI-Enabled Building Information Modeling (BIM) & Computer-aided Design(CAD) Solutions: Optimize modeling, planning and designing processes through intelligent automation.
- AI-Powered Digital Twins Solutions: Enhance overall efficiency with real-time, data-driven digital replicas.
- Generative AI Solutions for AECO: Revolutionize designing and construction with creative AI-driven innovations.
Eligibility Criteria:
Startups meeting the following criteria are encouraged to apply:- Stage of Startup: Prototype-ready, MVP-stage with a clear demonstration of the core technology.
- Tech Focus: Core technology-driven solutions in AI using tech stacks like Computer Vision, Natural Language Processing, Machine Learning, Deep Learning, Generative AI, IoT Integration, Python Programming, C# or .Net Programming and other similar stacks.
Description: Startups ready with either prototype or Minimum Viable Product, who are in a position to showcase their product/solution, and the technology demonstration will be considered. In addition to this, preference will be given if the product/solution is enterprise-ready and deployable within existing AECO workflows. Startups focused on building core tech-products using AI technology will be preferred. Startups offering platform based solutions leveraging AI for AECO domain will also be considered depending on their ideas and progress.
Event Details
- Final Event Date: 15th February 2025
- Location: Pune (Venue to be communicated soon)
- Format:Top 15 startups will present their solutions to a distinguished jury panel comprising investors, industry leaders, and academic experts.
Evaluation Process:
- Technology Readiness Level (TRL): The maturity of the solution, with priority given to startups that have advanced prototypes, MVPs, or solutions ready for real-world use.
- In-Focus Technology Used: The applicability of the in focus technologies leveraged such as AI, Digital Twins, Generative AI, Metaverse or BIM, in addressing critical AECO challenges.
- Alignment with AECO Needs: The relevance and scalability of the solution to solve real-world problems within the AECO domain, with a focus on practicality and impact.
- Product Integration Potential: The possibility of aligning the solution with SoftTech’s product ecosystem or introducing complementary innovation.
- Market Viability: The potential for the solution to succeed in the AECO market considering factors such as demand, scalability, and competitive edge.
- Team Capability: The expertise, commitment, and execution capability of the founding team to deliver the proposed solution successfully.