Panasonic to fund Enlite, Clairco under its Ignition programme

Panasonic Life Solutions India (PLSIND), a diversified technology company, announced Enlite and Clairco as the winners of its first cohort of Panasonic Ignition programme. Enlite focusing on AIenabled wireless building management system and Clairco that develops IoTbased smart air purification devices and space optimisation solutions will receive strategic funding and an opportunity to work with Panasonic business teams for development and implementation.

INNOVATION INITIATIVE

Ignition program in partnership with 100x.VC is a corporate innovation initiative that was introduced last year to develop solutions for reallife challenges focused around Energy Management

Manish Sharma, Chairman, Panasonic Life Solutions India and South Asia

Systems for Commercial Spaces. The two Ignition winners will receive Corporate Venture Capital (CVC) funding and business collaborations, while the four Accelerate winners Sustlabs, Quebec Ventures, Sensiable and Blaze will get an opportunity for business collaborations and get to implement solutions in partnership with Panasonic companies.

Manish Sharma, Chairman, Panasonic Life Solutions India and South Asia, said, that India has emerged as the world’s third largest startup ecosystem with over 1.25 lakh startups and 110 unicorns and Panasonic is looking forward to being part of this journey through its initiatives like Ignition.

STRATEGIC ENDEAVOUR

“The objective of IIC is to drive techbased innovation and deliver growth for business. Today, we’re pleased to state that the investments are bearing fruits. Miraie – Panasonic’s IoT & AI enabled platform, Miraie Profactory, India’s first Matterenabled RACs are all a result of timely innovative interventions driven through India Innovation Centre. And I am confident that this strategic endeavour undertaken through the Ignition program will address the larger issue of energy management for commercial spaces,” he added.