Target launches first Accelerator Program for Indian startups
Target has finally launched its Accelerator Program for Indian startups to help it build technology solutions across 3D imaging, mobility, personalized search and social media conversations with customers.
The launch of its accelerator had been delayed by a month after Target suffered a mega security breach, in which card and personal data of over 40 million customers was compromised.
According to Tech Crunch, the new accelerator, apart from giving Target an opportunity to tap into the Indian startup talent for exploring next big online retail idea, it is also going to be a test case for other corporate planning similar ventures in the country.
Indian technology industry veteran, Lalit Ahuja, who also helped Target set up its technology captive centre in Bangalore few years ago, would manage the accelerator.
The first five companies selected to join the four-month program include, Turnaround Innovision (startup's product helps online retailers and other merchants use 3D modeling and offers a 360 Degree view of the products), Konotor (offers app that helps companies have a two-way communication with their mobile users), MuHive(social CRM startup), Unbxd (offers a dashboard to help with merchandising and analytics across key metrics like searches, conversions and visitor flow) and InstaClique (a startup that can help retailers such as Target arrest website bounce rates and increase customer engagement).
(Posted on 25-02-2014)