Lowes Unveils new Innovation Lab in Bengaluru
Lowe’s Innovation Labs (LIL), the disruptive innovation hub of Lowe’s Companies, Inc., announced the opening of LIL-Bengaluru and unveiled its new facility in the heart of Bengaluru. The new lab will house tech-savvy startups that will participate in an intensive 16-week accelerator program and give them an opportunity to partner with Lowe’s and deploy their technology in the U.S. LIL-Bengaluru primary focus and priority technology areas include augmented and virtual reality, 3D printing and scanning, and robotics.
“Innovation and diversity of thought is at the core of what Lowe’s represents,” said Richard Maltsbarger, chief development officer and president, International, Lowe’s Companies, Inc. “Lowe’s Innovation Labs is revolutionizing the home improvement retail experience in the U.S., and we hope the tremendous talent and vibrant startup community in Bangalore will help us continue building a network of uncommon partners with whom we can co-develop technology.”
Lowe’s created LIL in 2014 to bring together uncommon partners with a commitment to get technology out of the lab and into the real world. Beginning with science fiction prototyping to craft a narrative for the future, LIL collaborates with startups and has introduced projects including the Lowe’s Holoroom, an augmented and virtual reality home improvement design tool, the OSHbot autonomous retail service robot and in-store and online 3D scanning and printing.
“Lowe’s Innovation Labs-Bengaluru will provide an open space where startups can interact and rapidly bring customer experience solutions to life through cutting-edge technologies, once thought to be the realm of science fiction,” said Kyle Nel, executive director of LIL. “Bengaluru is a dynamic community with world-class tech resources right in the heart of the city making it the perfect launching pad to expand our work in the U.S. and take disruptive technology to the next level.”
LIL-Bengaluru will also complement Lowe’s existing Bangalore Global In-house Center (GIC), which has been operating since 2014 and has grown to include more than 400 employees working on technology and analytics solutions.
“Opening Lowe’s Innovation Labs-Bengaluru further strengthens our long-term commitment to India. We are confident that it will complement our efforts and further establish India as one of the innovation hubs for the company,” said Lalit Ahuja, acting managing director, Lowe’s India.
(Source: Press release)