T-Hub, Raytheon Technologies select 3 startup finalists for RTX Innovation Challenge in computer vision.

The Telangana government run incubator T-Hub and Raytheon Technologies, a global aerospace and defence company, recently announced three finalists for the RTX Innovation Challenge that they are running to develop a tool to improve how Raytheon Technologies assesses aircraft engine repairs.

T-Hub and Raytheon Technologies reviewed applications from 70 startups across 14 countries and selected three companies to develop proof-of-concept systems. The three companies are – Awiros, a visual intelligence platform company, Utvyakta Solutions, which is an industrial Internet of Things (IoT) system integrator specialising in predictive maintenance and quality inspection and PRENAV that develops software and systems to digitize and visually inspect industrial assets.

Ravi Narayan, CEO of T-Hub and chief innovation officer, Telangana, said, "During a global crisis, when all sectors face unprecedented challenges, the aviation sector is rapidly changing how it manages products, services and operations. The pandemic has presented massive growth opportunities for startups. To reap the right rewards, corporates and startups must collaborate to meet the demand-supply conundrum. Through the RTX challenge, in partnership with Raytheon Technologies, we have accelerated the best solutions that speed up the inspection process and enhance quality. This challenge has also laid a fertile ground for startups that are driving innovation in the aviation industry."

“We’re always looking for new ways to improve efficiency and ultimately lower costs for our customers,” said Limor Spector, Raytheon Technologies’ executive director for Ventures & Alliances and executive director for business processes. “These startups are developing some of the best technology on the market today, and partnering with them will allow us to drive down costs while giving users even more insight into our engines," he added.

TOI