To empower service providers, solution developers and users of drones, the leading digital data and technology products and platforms company, MapmyIndia, has announced its solutions. The company also launched the Drone Innovation Challenge 1.0 in partnership with the Drone Federation of India (DFI).
The company said that these solutions include products, platforms, and APIs for advanced and interactive 2D, 3D, 4D and HD digital mapping, GIS, geospatial analytics and AI, and real-time drone identification and tracking IoT and flight operations automation.
According to MapmyIndia, companies can register and apply to the Drone Innovation Challenge, and those qualifying will be given free access of up to INR4 lakh each worth of MapmyIndia’s solutions, usage credits and technical support. In addition, winners of the challenge will be showcased widely and get up to INR1 crore or more worth of joint go-to-market support, business opportunities and funding support opportunities.
Rohan Verma, CEO and Executive Director, MapmyIndia, said India’s drone market would grow rapidly to worth $ 1.8 billion by 2026, and the company is focused on offering cutting edge drone solutions that positively benefit the Indian industry and the economy.
Talking on the Drone Innovation Challenge 1.0, Verma said that the company has funded and partnered with various drone startups and ecosystem players during the past few years. 'We will help the winners of the Drone Innovation Challenge 1.0 and further scale up the indigenous ecosystem with joint go-to-market business and funding opportunities,” he added.
Smit Shah, Director, Drone Federation of India, said India is projected to become one of the largest markets for drones. 'While we focus on manufacturing drones in India, it is also crucial that we leverage India’s existing software development expertise to develop an indigenous suite of software solutions to create significant value addition for the drone ecosystem. We aim to find, support and promote such indigenous solutions as a part of this challenge.'
Shah added that the MapmyIndia-DFI Drone Innovation Challenge 1.0 had been designed to encourage innovation at the grassroot levels, with an appeal for innovation-driven tech companies.