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Overwhelming Response to Hikvision Channel Partner Meet in Udaipur

To impart the latest security product knowledge and updates, Hikvision in association with IT Pulse has recently organized Hikvision Channel Partner Meet at Hotel Radisson Green in Udaipur. A comprehensive product introduction, live demos and training program were the key highlights of the event. The event got overwhelming response from the security professionals, dealers and distributors. It was an enriching experience for Hikvision team to meet with potential partners and system integrators. This was instrumental in building trust and confidence in partners for the quality and services offered by Hikvision. The event was presided by Police Superintendent Kunvar Rashtradeep, and Raj Surana, President, TiE – Udaipur, Mr. Rashtradeep said, “CCTV has a lot of important implications for police. We have created a command and control center for monitoring the city. We appreciate Hikvision for their long term vision. There is a need for creating public awareness about security so that policing can be done more efficiently. There is a need to enhance the knowledge about functions of security cameras.” Mr. Surana said, “People are still lacking in the security awareness. They build houses worth crores of rupees but don’t install cameras for security, which are must for their security. If they decide to make a small investment for the cameras, then a lot of losses can be prevented.” In his introductory note, Ashish P. Dhakan, CEO and MD, Prama Hikvision India Pvt. Ltd. said, “Hikvision is the world’s leading provider of innovative video surveillance products and solutions. Today Hikvision is leading with artificial Intelligence (AI) enabled solutions in the security industry. We have the most comprehensive products and security solutions in video surveillance, access control, intrusion system, smart home and storage categories.” He further added, “The future of the security market in India is very bright due to robust growth prospects. We at Hikvision are offering the latest products and innovative technologies, including artificial intelligence (AI) and deep learning, big data, IoT (Internet of things). The Hikvision channel partner meet is our initiative to impart the product knowledge to our channel partner community.” Deepak Wadkar, Regional Sales Manager, Prama Hikvision India Pvt. Ltd. said, “Today, CCTV cameras have become the need of the nation. When a person installs a CCTV camera to secure his premises, he secures himself and helps securing others while providing evidence to nab criminals.” Ashish Gujarathi, AVP, Non-CCTV Products, Prama Hikvision India Pvt. Ltd. said, “The latest security cameras by Hikvision has the face recognition function for entry into office or home.” The Hikvision channel partner meet started with the lamp lighting ceremony. A product introduction session covering Hikvision’s latest HD and IP cameras, including the latest TURBO HD 5.0, Turbo HD 4.0 and Easy IP 3.0 cameras was conducted by Vinit Narvekar, Manager – Customer Trainings, Prama Hikvision India Pvt. Ltd. This session provided the update on HD and IP surveillance trends. It was followed by a technology update on Artificial Intelligence (AI), Hikvision’s Deep Learning Products Range, Face Capture and Face Recognition, UVSS and Machine Vision Technologies. This session was conducted by Mr. Ashish Gujarathi, AVP, Non-CCTV Products, Prama Hikvision India Pvt Ltd. In the next session Hikvision’s Team introduced EZVIZ smart home products. It was followed by Pyronix intrusion alarm system and its applications across the verticals. After the lunch break training session continued further with an interactive session about the latest range of Video Door Phone (VDP) by Hikvision and its smart applications. S. Chandrasekhar, Manager Technical Support, Prama Hikvision India Pvt. Ltd. conducted a special session on video door phone and access control trends to provide update on evolving technology landscape. Videonetics Celebrating 10 Years of Innovation & Growth Videonetics, the world-leading visual computing platform development company, has reached an exciting milestone as the company celebrates 10 years of business success in visual computing technology. In 2008, the company was founded by Dr. Tinku Acharya, an internationally acclaimed inventor and technologist, with a mission to develop indigenous technologies which are best-suited for tough environmental conditions. Today, Videonetics has grown to become a global company that designs, develops, and deploys new age artificial intelligence and deep learning based solutions for a wide range of verticals such as safe and smart cities, aviation and transportation, petroleum and gas, critical infrastructure, financial and legal, and healthcare and education industries. A decade of innovation & excellence Globally, Videonetics has been securing 100+ cities, 80+ airports, 100+ large enterprises, and over 7500 traffic lanes by using its video computing platform. In this journey of 10 years, Videonetics innovations and technologies were widely recognized by way of numerous awards and recognitions from prestigious institutions, bodies and organizations worldwide. Videonetics is proud to have secured patents from USA, UK, Israel, Canada, Singapore, and many more are in pipeline. Dr. Acharya said, “It’s a very satisfying feeling that Videonetics is celebrating its 10th anniversary. I feel humbled and proud that I could launch Videonetics to do my duty as a patriotic scientist and technologist to achieve this mission in my way. Innovation is in our blood and it is guiding principle of Videonetics. We are extremely excited and proud as we celebrate 10th anniversary in the industry. We are committed to keep innovating and invest in our R&D towards generation of intellectual properties resulting in cutting-edge products and solutions which could solve real life challenges and problems.” “Videonetics has been at the vanguard of visual computing innovation for over a decade. Our innovation journey has pioneered the move from first generation of IVMS and ITMS to AI & deep learning enabled visual computing platform, thereby retaining leadership position in the market. I take this opportunity to thank my deeply committed research and development and technology team for their invaluable contribution,” said Tuhin Bose, VP & CTO, Videonetics. Avinash J Trivedi, VP – Business Development, Videonetics stated, “The journey of 10 years would not have been possible without the trust and support that the system integrators, consultants, strategic partners, esteemed customers have vested in us. We are honored and…

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Videonetics Celebrating 10 Years of Innovation & Growth

Videonetics, the world-leading visual computing platform development company, has reached an exciting milestone as the company celebrates 10 years of business success in visual computing technology. In 2008, the company was founded by Dr. Tinku Acharya, an internationally acclaimed inventor and technologist, with a mission to develop indigenous technologies which are best-suited for tough environmental conditions. Today, Videonetics has grown to become a global company that designs, develops, and deploys new age artificial intelligence and deep learning based solutions for a wide range of verticals such as safe and smart cities, aviation and transportation, petroleum and gas, critical infrastructure, financial and legal, and healthcare and education industries. A decade of innovation & excellence Globally, Videonetics has been securing 100+ cities, 80+ airports, 100+ large enterprises, and over 7500 traffic lanes by using its video computing platform. In this journey of 10 years, Videonetics innovations and technologies were widely recognized by way of numerous awards and recognitions from prestigious institutions, bodies and organizations worldwide. Videonetics is proud to have secured patents from USA, UK, Israel, Canada, Singapore, and many more are in pipeline. Dr. Acharya said, “It’s a very satisfying feeling that Videonetics is celebrating its 10th anniversary. I feel humbled and proud that I could launch Videonetics to do my duty as a patriotic scientist and technologist to achieve this mission in my way. Innovation is in our blood and it is guiding principle of Videonetics. We are extremely excited and proud as we celebrate 10th anniversary in the industry. We are committed to keep innovating and invest in our R&D towards generation of intellectual properties resulting in cutting-edge products and solutions which could solve real life challenges and problems.” “Videonetics has been at the vanguard of visual computing innovation for over a decade. Our innovation journey has pioneered the move from first generation of IVMS and ITMS to AI & deep learning enabled visual computing platform, thereby retaining leadership position in the market. I take this opportunity to thank my deeply committed research and development and technology team for their invaluable contribution,” said Tuhin Bose, VP & CTO, Videonetics. Avinash J Trivedi, VP – Business Development, Videonetics stated, “The journey of 10 years would not have been possible without the trust and support that the system integrators, consultants, strategic partners, esteemed customers have vested in us. We are honored and thankful for their contribution to Videonetics growth and looking forward to working with them in future.” Videonetics will celebrate its 10th anniversary throughout 2018 with its anniversary theme – ‘Honouring the Past and Envisioning the Future.’  

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AXIS Showcasing Best-in-Class Traffic Management Solutions

Axis Communications, the market’s leading provider of network video; Citilog, Axis’s arm for intelligent realtime video monitoring for traffic and transportation; and Genetec, a leading technology provider of physical IP security, law enforcement, and analytics solutions, converged at Traffic Infra Tech Expo 2018 to demonstrate their nextgeneration smart and integrated technology offerings. The event brought to fore Axis, Citilog and Genetec integrated end to end solutions for incident detection and management, and effective traffic control mechanism. Axis is one of the pioneers to promote open protocol, as a part of which, Axis works with many open source software globally and locally. With Citilog in Axis portfolio, Axis has expanded its offering in the traffic segment. The solutions further integrated with Genetec’s unified platform with surveillance and audio capabilities offers city administrators and highway authorities a complete platform for their traffic and city-based needs. Video surveillance has seen a paradigm shift in India with security becoming a priority for both the Government and enterprises. With an increase in the number of traffic violations and accidents, keeping a track and identifying incident becomes a challenge. Owing to this, the Indian Government is making huge strides to implement smart solutions for making roads smarter and safer. “India’s digital transformation has opened the door of opportunities for the security and surveillance industry. Initiatives like smart cities will lead to convergence of security and operations in the coming days. India is scheduled to take a huge leap in its infrastructural growth with 92 billion dollars being allocated for the development of Traffic & Transportation in the country. Genetec develops innovations that help protect people and physical assets. We aim to aid in the growth of smart cities by providing solutions backed by analytics to make communities feel protected,” said Daniel Lee, Managing Director for Genetec APAC, “At Security Expo 2018, Genetec is showing how our solutions can incorporate data science to correlate information and convert unstructured data into actionable insights that help organisations make data-driven decisions.” The joint association of the Genetec audio surveillance integration, Citilog’s traffic management analytics and Axis’ high frame video cameras will focus on solving some of the real-time pressing issues of traffic management. For instance, the complete integrated solution can provide the authorities to automatically play a prerecorded message or make an audio announcement without any human intervention when the platform detects any traffic violation. Another important highlight of Axis and Citilog combination demonstrated at the Expo was the adaptive traffic control system that communicates with the traffic controller and helps managing the timings and relieves traffic congestions at busiest locations across the city. Axis carries a rich lineage of over 35 years in India and understands the pulse of the India market. With an estimation of 15-16% rise in the initial installation, as opposed to the low-cost offering for smart city programmes by the Government, Axis is upbeat that high-end sur veillance solutions will be the need of the hour. “The concept of intelligent traffic management is new to India. The journey of video analytics has seen a rapid shift from replaying post-mortem video to adopting pre-emptive solutions. Traffic Infra Expo is a one-of-a-kind vertical specific event that highlights the innovations in the space and demonstrates the impact of its use. At Axis, we are constantly innovating to offer segment specific solutions for the evolving market. The coming together of Axis, Citilog and Genetec has given us a platform to spread awareness on uses of deployment of complete end to end solutions to help the customer make an informed decision in terms of total cost of ownership, reliability and cybersecurity” – Sudhindra Holla Sales Director, India, and SAARC, Axis Communications  

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Skybox Security Signs RAH Infotech as National Distributor in India

Skybox® Security, a leading global cybersecurity management provider has recently signed an agreement with RAH Infotech, one of India’s fastest growing value-added technology distributors, to appoint the company national distributor. The software company experienced 433 percent year-over-year growth in APAC for 2017 – including 350 percent growth in India.   With security initiatives becoming increasingly difficult to manage, CISOs are seeking solutions like Skybox’s that are integrated and address multiple challenges. The Skybox® Security Suite integrates with more than 120 networking and security technologies that companies are already using to provide the comprehensive attack surface visibility and intelligence in one solution, covering on-premise, multi cloud and OT networks. The Suite also automates many core security processes in vulnerability and threat management, and firewall and security policy management such as network path analysis, attack simulation and change management. The Skybox APAC channel program enables value-added distributors (VADs), managed security service providers (MSSPs), resellers and system integrators to meet the needs of the market by deploying and offering services that leverage the Skybox Security Suite. By adding the Suite to their offerings, local partners can continue to serve as trusted cybersecurity advisors to India businesses. “We are excited to partner with RAH Infotech who have demonstrable knowledge of the India and SAARC market place with a great track record of execution for their vendor and reseller partners,” said Gerry Sillars, VP of APAC for Skybox Security, “We’re looking forward to working with them as we continue to focus on the expansion of our footprint in the region, as well as evolving the company’s channel business. Our solution continues to be a proven differentiator for our distributors and resellers, and so we’ve been able to quickly grow our partner ecosystem in rapidly expanding markets like India and SAARC.” “The Skybox platform successfully serves a huge market need across the globe and now it will be more accessible to the Indian market. These are exciting times for us at RAH Infotech to be partnering with Skybox,” said Ashok Kumar, CEO, RAH Infotech, “As a VAD focused on adding value to our partners and customers, we are constantly studying and introducing new and advanced cutting-edge technologies in India which help our customers embrace digital transformation in an effective manner. Today with networks increasing exponentially in size and getting more complex, we need new and dynamic solutions that simplify and automate dayto-day cybersecurity workflows and processes. The solution that Skybox offers gives companies a single view to their hybrid networks, and a way to easily manage and quickly address risks.” “The Skybox platform successfully serves a huge market need across the globe and now it will be more accessible to the Indian market. These are exciting times for us at RAH Infotech to be partnering with Skybox,” said Ashok Kumar, CEO, RAH Infotech, “As a VAD focused on adding value to our partners and customers, we are constantly studying and introducing new and advanced cutting-edge technologies in India which help our customers embrace digital transformation in an effective manner. Today with networks increasing exponentially in size and getting more complex, we need new and dynamic solutions that simplify and automate dayto-day cybersecurity workflows and processes. The solution that Skybox offers gives companies a single view to their hybrid networks, and a way to easily manage and quickly address risks.” RAH Infotech is India’s leading tech distribution major and solutions provider in the network and security domain, specializing in enterprise & App security and application delivery. Founded in the year 2005 and headquartered in Gurgaon, RAH Infotech has been providing world class IT solutions to a large number of channel partners and enterprises in India and SAARC countries. RAH Infotech works in close knit with its channel partners, offering solutions that cover information security solutions, telephony and video collaboration, server and storage management, backup and disaster recovery management, BCP services, data center solutions and data protection. RAH Infotech is committed to helping its partners choose, configure, and deliver the industry’s premium products across almost every vertical market in India.  

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Hikvision Technology Integration with Videonetics

Hikvision, the world’s leading provider of innovative security products and solutions, has entered into technology partnership with Videonetics, a world-leading visual computing platform development company. The partnership includes integration of Hikvision network cameras with Videonetics’ Intelligent Video Management Software (IVMS), which will enable customers to view, record and analyse Hikvision H.265+ compressed video streams from Hikvision network cameras, both in real-time preview and playback. Customers will also benefit from reduced cost of ownership due to low storage and bandwidth requirements without compromising the video quality. Working together on intelligent video management The integration will enable advanced video management features and video analytics applications. For example, through Videonetics IVMS, users will be able to view real-time video feeds, recorded video, and navigate quickly from one camera view to another. Moreover, they can also export videos or video image snapshots from integrated Hikvision cameras for advanced video analysis such as object classification, crowd monitoring, perimeter protection, object of interest, smart urban video analytics and traffic monitoring etc. Boosted by Hikvision smart codec technology Importantly, all video streams will be compressed by Hikvision’s self-developed H.265+ smart codec technology. H.265+ significantly reduces bandwidth consumption and storage requirements. Field tests have shown that Hikvision H.265+ radically decreases the bitrate of ultra-high definition surveillance video by up to 67% compared to H.265. This is especially valuable when network conditions are unstable, bandwidth is limited, or when customers are required to store data for extended periods of time. “We are glad to be on board with Hikvision as technology partner. I am sure that our IVMS integration with Hikvision’s H.265+ compression technology will help our customers to design highly efficient surveillance solutions for both public and private sectors across the world,” said Avinash J. Trivedi, VP – Business Development of Videonetics. “Hikvision offers a Technology Partner Platform for partners to jointly develop versatile solutions needed by end-users,” said Adler Wu, Global Technology Alliance Manager at Hikvision, “Our H.265+ codec technology provides a more effective compression solution that allows our customers to achieve unhindered video transmission under limited bandwidth conditions and great savings on storage without compromising image quality.”

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Hikvision Showcases its Smart City Solutions at Municipalika 2018 in Mumbai

Reiterating its commitment to the smart city mission, Hikvision showcased its smart city solutions at the recently held Municipalika 2018 event at Bombay Exhibition Center. The products on display demonstrated a diverse range of security solutions such as smart city solutions, AI technology, intelligent traffic management solutions and mobile solutions, addressing the pressing needs of smart city projects in India. Municipalika 2018 was inaugurated by Mahendra Jain, IAS, Additional Chief Secretary, Urban Development Department, Government of Karnataka; and Divya Kush, President, Indian Institute of Architects. Nadir Patel, High Commissioner for Canada to India, was also present at Municipalika’s inaugural session. Commenting on the occasion Ashish P. Dhakan, MD & CEO, Prama Hikvision India Pvt. Ltd. said, “India’s future is getting redefined with Smart City Mission and Safe City projects. Municipalika has created a unique event platform to evolve, evaluate and share policies, strategies, cutting-edge technologies and innovations towards smart and sustainable living in cities. We showcased the latest security products and solutions for today’s smart cities. Our exhibits at Municipalika 2018 once again reiterate our commitment to the smart city mission objectives and help address the growing concerns around security management issues in the country.” He further added, “As the world leading provider security products and solutions, Hikvision is committed to offer best-in-class technology and innovations for vertical specific solutions related to smart cities, safe cities and smart transportation etc.” The event had participation of over 200 delegates in the conference segment, from over 300 Indian cities and towns and abroad, and professional visitors in the exhibition segment including ministers, mayors, municipal commissioners, urban local bodies, CEOs of smart cities and parastatals, along with technology providers, professionals and all urban stakeholders. Faculty and students of architecture, engineering, technology and management institutions also attended to get exposure on the latest trends. The 15th Municipalika 2018 provided a mega-networking forum for governments, experts, entrepreneurs and service providers to collectively find solutions to urban challenges. The 15th Municipalika Exhibition & Conference in Mumbai was concluded successfully with the addition of Construction, Architecture & Planning Exhibition (CAPEx) and India International Property Mart (IIPM).

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Hikvision Latest Homeland Security Solutions

Hikvision, the world’s leading provider of innovative security products and solutions, participated in the recently held India International Security Expo (IISE), in New Delhi, and presented its wide range of Homeland Security products and solutions. IISE is India’s leading goods, products and services expo related to the homeland security, fire, law enforcement, and safety industries. The 21st Annual Indian International Security expo was inaugurated by Hansraj Gangaram Ahir, Union Minister of State for Home Affairs, in presence of Vivek Bharadwaj, Secretary, Government of India; L.C. Goel, President and Joint Director, India Trade Promotion Organisation (ITPO); Deepak Kumar, Executive Director, India Trade Promotion Organisation (ITPO); Ajay Kumar Vashist, General Manager – Security, India Trade Promotion Organisation (ITPO); and AP Maheshwari, IPS, Director General, Bureau of Police Research & Development (BPR&D). Mr. Ahir said, “These kinds of security exhibitions are very useful. The modern security systems are necessary for improving the security management. It has to be upgraded from time to time.” Commenting on the occasion Ashish P. Dhakan, MD & CEO, Prama Hikvision India Pvt. Ltd. said, “India International Security Expo is an important event for the homeland security and government vertical. It presents a good opportunity to showcase security solutions to government representatives and project heads. We participated in IISE with Hikvision’s latest security products and solutions related to homeland security and law enforcement agencies.” He further added, “As the world leading provider of security products and solutions, Hikvision is committed to offer best-in-class technology and innovations for government’s homeland security requirements and customized solutions.” Hikvision booth at the expo showcased the latest products and solutions including intelligent traffic management software system, mobile network recorder, high performance number plate recognition (ANPR) camera, network IR speed dome camera, smart network video recorder, smart IP camera and face recognition camera etc. The event had over 80 companies showcasing their products and services related to the homeland security, fire, law enforcement, and safety industries. India International Security Expo 2018 had representation from surveillance, explosive detection and disposal, fire extinguishers, access control, radio communication, home and automotive security systems segments. Hikvision booth got good response from the government representatives and visitors.

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Dahua Technology Dazzles at Infocomm India 2018

Dahua Technology, in association with its national partner M/s. Aditya Infotech Ltd., participated in the recently held sixth edition of Infocomm India 2018 at Bombay Convention and Exhibition Center, Mumbai. The company received overwhelming response during the show. Infocomm India is one of the nation’s foremost professional audio-visual and information communications technology shows where industry players and experts showcase, share and incubate their ideas, and influencers and decision-makers seek and find solutions to meet the challenges and demands of the industry. Dahua Technology showcased its state-of-the-art security solutions such as clothing store solution, food store solution, poster display and public view monitor, rental indoor LED wall, MCU Server Plus T552A0, USB camera, and whiteboard and auxiliary site. Dahua Technical team was on hand explaining the operations and usefulness of these important solutions to the visitors. Visitors to Dahua booth were delighted to see its latest products range. “We were thoroughly impressed by what we saw and experienced at Dahua booth. We found each product incredible, relevant and essential. We look forward to seeing more of Dahua products in the near future,” said a group of IT students from a suburban college in Mumbai. More than 200 companies from over 20 countries displayed their latest innovations and solutions in professional audio-visual (Pro-AV) and integrated experience. This year, InfoComm India partnered with All India Institute of Local Self Government, Computer Society of India (Mumbai Chapter), Digital Signage Multimedia Alliance, ICT Academy, and Institute of Indian Interior Designers, Mumbai Regional Chapter. Infocomm India 2018 was organized by the Singapore based InfoComm Asia Pte Ltd, a subsidiary of AVIXA (Audiovisual and Integrated Experience Association™), and was inaugurated by David Labuskes, CEO, AVIXA. “We were happy to see a large number of visitors and prospects on all the three days. We always bring in and display the latest technologies and solutions to our growing customer base in India. The exhibition further demonstrated the interest of Indian customers to our quality and effective products”  – Robbin Shen Managing Director, Dahua Technology India Pvt. Ltd  

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Vizag Fintech Festival 2018 A New Story on the Growth Path

The inaugural edition of Vizag Fintech Festival 2018, an initiative by the Government of Andhra Pradesh and organized by Fintech Valley Vizag was held from 22 to 26 October 2018 at Hotel Novotel, Vizag. Vizag Fintech was one-of-its-kind, and one of the most comprehensive and reputed global platforms in the fintech domain, where India’s key industry players of the financial and startup ecosystem came together to discuss industry trends, challenges and market insights including the Indian regulatory framework. The event also showcased product launches, innovations, and augmented the forethought through the exhibition and conference platform. The Vizag Fintech Festival was a 5 day event which saw more than 75 start-ups as exhibitors, and over 2,500 delegates and visitors from around 20 countries. The festival saw the presence of dignitaries like N. Chandrababu Naidu, Hon’ble Chief Minister, Andhra Pradesh; Nara Lokesh, IT Minister, Andhra Pradesh; Ganta Srinivasa Rao, Minister of Human Resources Development of Andhra Pradesh; J. A. Chaudhary, IT Advisor to Govt. of Andhra Pradesh; K. Vijayanand, IAS, Principal Secretary ITE&C Dept., Andhra Pradesh; and Anoop Singh, IFS, Special Secretary – ITE&C Dept., Andhra Pradesh. Vizag Fintech Festival 2018 also featured a series of exciting events including CXO golf tournament, CXO roundtable, networking reception, comic relief, re-imagine tour, demo day and awards, and site tours. The VFF 2018 conference program included various industry discussions, new insights pertaining to the sector and industry best practices. The conference themes included ankTech, InsurTech, GovTech, Financial Inclusion and EmergeTech. A few topics for the speaker sessions and panel discussions included ‘Future of banking,’ ‘Social impact through Fintech,’ ‘Fintech landscape in India and rest of the world,’ and ‘InsureTech trends.’ VFF 2018 hosted eight keynotes along with panel discussions, case study presentation & fireside chats that brought together stakeholders of the industry on a single platform, allowing exchange of ideas that added value to Indian Fintech ecosystem at large. VFF 2018 also launched a white paper on KPMG Blockchain – Thought Leadership. The white paper was launched by Kunal Pandey, Head – Financial Services in Risk Consulting, KPMG; K. Vijayanand; and J. A. Chowdary. The third day witnessed the unveiling of the world’s first humanoid citizen robot, Sophia. Sophia is a highly soughtafter speaker in business and has showed her prowess and great potential across many industries. She has appeared on stage as a panel member and a presenter in high level conferences, covering how robotics and artificial intelligence will become a prevalent part of people’s lives. Her reputation extends beyond business into the global and social arena. She was named the world’s first United Nation Innovation Champion by United Nations Development Program (UNDP), and will have an official role in working with UNDP to promote sustainable development and safeguard human rights and equality. The following day saw the most exciting session of the festival with Sophia engaging in an intriguing interaction with Mr. Lokesh, and the audience. The US$1 million Challenge was being conducted worldwide enabling startups to showcase their products and solutions. With roadshows in 8 major cities (Chicago, New York, San Francisco, Tel Aviv, Paris, London, Hong Kong and Bangalore) around the globe, the challenge culminated in Vizag with 37 finalists from around the world pitching on demo Day. The Government of Andhra Pradesh, in strategic collaboration with its challenge partners, DCF Ventures and Bizofit selected two startups each from Fintech, Agritech and Emergetech, as winners of the first ever US$1 million global startup challenge as the grand finale of the 5 day festival. All the 37 startups had an opportunity to exhibit at the Vizag Fintech Festival 2018 to more than 1500 global delegates comprising VCs, angel investors and corporate partners. All the winners and finalists were awarded prizes by Nara Lokesh. Vizag, with its remarkable technology ecosystem, is now the most attractive destination for innovation driven Fintech players. Not only Indian marquee companies but also several foreign companies have pledged to invest in the city, generating jobs in the near future. Vishakhapatnam is being developed as the most preferred global destination for Fintech and other emerging technology companies around the world, to start their operations and to drive innovation.

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