Reliance Jio has engaged with 80 startups through JioGenNext program, a bridge for start-ups to explore engagements with Jio and Reliance Industries business units via pilots, commercial partnerships, joint Go-To-Market (GTM), strategic investments or its combination.
Jio is focusing on artificial intelligence (AI), robotics and services, digital presence, big data, smart cities, wearable Internet, IoT, blockchain, 3D printing, virtual reality (VR), machine learning and the sharing economy, among others. Majority of the 80 start-ups are mapped against Fourth Industrial Revolution i.e. 35 startup focuses on digital presence, 8 each on big data and Internet of Things (IoT) and 9 on AI.
During FY2017-18, JioGenNext received 3,000+ applications from startups and aspiring entrepreneurs in India across its two cohorts – of which 29 startups made the cut to be selected in India’s most coveted corporate venture programme.
RIL is also piloting Virtual Reality (VR) through a virtual walkthrough plant environment for interactive training, testing, and process simulation of all critical plant personnel so as to increase safety and reliability. The company has procured state-of-the-art 3D printers for its employees to experiment and learn about this new technology platform while developing potential use cases in manufacturing. RIL is implementing a world-class analytics platform and a data lake using the best-in-breed technologies for its big data initiatives. Reliance has also developed extensive in-house expertise in programming languages such as R, Python and big data technologies such as Hadoop, Cassandra among others.
JioGenNext enables start-ups to launch their businesses in the Jio/RIL ecosystem at scale and grow rapidly along with Jio/RIL. Over the past 4 years, it has perfected this model by closely engaging with all the relevant stakeholders in the RIL/Jio ecosystem.
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