Kishore Biyani Led Future Group Set up Rs 100 Crore Accelerator Fund
The Kishore Biyani-led Future Group has announced setting up of Future C&D (consumer and digital) Lab in Bengaluru backed by a Rs 100-crore Accelerator Fund. The research and development activities will be supported through a Rs 100-crore Accelerator Fund that will be set up to fund the operations, technology development and IPR creation by the teams working at the Lab.
“Future C&D Lab will focus on the consumer and digital space to bring in next generation innovations using artificial intelligence, Big Data Analytics, Blockchains, Internet of Things, robotics and allied technologies,” Future Group said in a statement today.
The Lab, the group said, brings together multiple teams and companies working on these areas, housed in a common, collaborative space set up in the IT city.
“These teams and companies have a ready access to test, experiment and prototype their technologies across Future Group’s brand and retail platforms that serve over a million customers everyday,” it added.
Future Group Director Vivek Biyani is leading this initiative.