Incubig makes the cut for global startup contest in South Korea

The other three startups from India are MicroX Labs, Ekport.com and Xenon Automotive

Incubig, a startup incubated at Goa Institute of Management’s Atal Incubation Centre, is making its way to Seoul for a global startup accelerator programme supported by the South Korean government.

One among four Indian startups selected for the K-Startup Grand Challenge, Incubig stands a chance to win a grant of up to $100,000, free office space, one-on-one mentoring, expert support, state-of-the-art R&D labs and an opportunity to work on the Global Startup campus. The other three startups from India are MicroX Labs, Ekport.com and Xenon Automotive.

Founded by Ankit Lehra and Mohammed Zaffer in 2017, the startup aims to solve the biggest threat to innovation: patent infringement. The startup has been incubated and supported through their journey by the team at Atal Incubation Centre. Ankit Lehra, founder, Incubig said, “We started Incubig with a mission to accelerate innovation on a global scale. Patent and research analytics play a key role in guiding and accelerating innovation. We are just making sure that this highly valuable analytics is accessible to individuals and organisations for making informed research and business decisions, at the right time.”

South Korea is among the largest sources of patents applications. At the end of the acceleration programme, the Korean government will host a Demo Day in December to felicitate the top startups. The winners will receive $100,000, the runners-up will win $40,000, and the third and fourth placed teams will receive $20,000 and $6,000 respectively.

Apoorv Sharma, CEO, AIC-GIM, said Incubig’s unique analysis algorithms, patent-pending artificial intelligence engine and result enhancement mechanisms enable it to deliver results of the highest quality in a short time and at an affordable cost.

Professor Ajit Parulekar, director, GIM, said the incubation centre will continue to serve as an active knowledge and resource catalyst for the development of promising entrepreneurs and will aid in accelerating the growth of early stage organisations from ideation to marketplace success.