Connecting to a Better Future Using Technology

Inventrom Pvt. Lmt. (Bolt IoT)

4. Quality Education 8. Decent Work and Economic Growth 9. Industry, Innovation and Infrastructure

Overview

Inventrom, through its Bolt IoT platform, provides developers the opportunity to make technically viable projects using the Internet of Things (IoT) and Machine Learning (ML) technologies. They also provide training and practical knowledge to students in these technologies for a better chance in their future engagements.

Overall, the platform gives developers and students a chance to implement and create innovative projects using new-age technologies and make a positive impact on society through technology.

Authors

Prabhajot Singh Chawla

Prabhajot Singh Chawla

Heeral Rawal

Heeral Rawal

Srinath Raju

Srinath Raju

Prachi Naik

Prachi Naik

Karthik koushik Mangalagiri

Karthik koushik Mangalagiri

Anirudh Sudhir

Anirudh Sudhir

School

Goa Institute of Management

Goa Institute of Management

Professor

Divya Singhal

Divya Singhal

Innovation

Bolt is a fully integrated IoT platform for developers to build IoT projects and products quickly and easily. Bolt has users across 62 different countries with more than 10,000 units of the hardware module shipped.

It is an easy to use platform that gives people the capability to safely and securely control their devices and collect data from IoT devices no matter where they are. They also use Machine Learning algorithms to acquire actionable insights with just a few clicks to detect anomalies and predict sensor values. This allows developers to create robots and other innovative projects easily.

Another feature of the company is training students and future developers in these technologies to make them ready for the industry with hands-on practical knowledge. While students learn about the theoretical concepts during their college years, they get almost zero practical experience. Bolt helps them understand the concepts through practical and innovative projects that can be used for the betterment of society. This training makes an individual job hiring ready as it teaches them the fundamentals of IoT and ML along with certification upon completion.

Along with training, they have competitions where students can compete globally and create projects that are challenging and require innovative thinking. Through these competitions, innovations based on real-time issues are created and featured on their social media to help emulate the same in their society. Bolt IoT also provides internships internally and in other reputed companies to help students gather market experience.

Connecting to a Better Future Using Technology

Innovation and Technology for better life

Inspiration

Younger generations are more adaptable to technology nowadays, and there exists enough talent across India where they can make some meaningful contribution to society. Technology being the company's core competency, the leadership at Inventrom thought that providing enough training and the push required to spark the ideas of innovation within young people could really make a difference.

So they came up with the platform Bolt IoT which is beneficial to both parties, has an efficient revenue generation model, and can churn innovations from the young minds. Providing the platform and enough resources to kick start their innovative journey is required for knowledgeable, savvy young people. As Pranav (CTO, Inventrom) mentioned during the interview, with practical knowledge, students can perform much better in the industry and do innovations through technology that help society in the long term.

The kind of challenges in the competitions conducted on Bolt IoT are real time-based scenarios. This being the crux of their platform, a person can get motivated when they solve a problem that society faces and struggles to overcome. People always talk about giving back to society but hardly get an opportunity to contribute. The younger generation is abundant with skills and knowledge; what they actually need is a platform to perform, some basic resources, and a little push, which is exactly what Bolt IoT is doing.

Overall impact

The Bolt IoT platform's innovation has helped developers all over the world by providing them a simple to use and financially viable option to create projects using IoT and ML technologies. The Bolt IoT media outlets showcase many different projects made by innovative thinking and technology to solve or simplify day-to-day problems and tasks. One of the projects Pranav mentioned during the interview is the Contactless Sanitizer Reminder and Dispenser. It was developed using Bolt IoT and electronic sensors, which would remind people to sanitize their hands and provide the sanitizer to them. These projects help other people notice and focus on their problems and how they can use technology to solve these issues.

Other than projects, another objective of Bolt IoT is students' training and helping them gain practical knowledge. Students with practical experience in the emerging technologies are hired at a better pay scale and position than those without. The training and competitions help students gain this much-needed experience. They acquire a better understanding of the market and industry expectations. Student feedback on the Bolt IoT website shows how the training helped them understand the basics of the technologies and provided them a step-up for the future.

Business benefit

As a company, Inventrom was involved in the technical development of electronic hardware and robotics over the years. But Bolt IoT has been their most successful platform. It has been recognized on an international level and has received multiple awards –

  • Winner: DST-Lockheed Martin India Innovation Growth program by Stanford Business School, 2015
  • Winner: POWER OF IDEAS by ET and CIE, 2016
  • Showcase: INDO-US STARTUP- KONNECT Program, 2015
  • Featured by Raspberry Pi in their magazine as 'Best Maker hardware.'

The platform allowed them to reach a higher market segment of students and generate their interest in new technologies. Their training program includes providing the students with a training kit, online videos, hardware to create projects, evaluation, and certification, all for a minimal cost. These help the company gain a larger audience to reach and allow them to penetrate an untapped market of emerging technological development in students. The students can also work as interns in the firm and other related companies, which provides the companies with fresh ideas and innovative thinking elements.

Inventrom through Bolt IoT has raised over $460K from angel investment and is continuing to work on and develop better innovations and platforms for students and professionals.

Social and environmental benefit

Industry and institutions consider the Internet of things (IoT) an opportunity that will digitize many operations and bring huge benefits. It has the ability to help combat climate change and protect the environment. Internet of Things could impact the sustainability of the planet in different areas, such as water use and energy efficiency. Bolt IoT is a prime example of how this technology can be implemented.

Bolt IoT provides an easy platform for deploying sensors to measure elements like water quality, air quality, and radiation, which can help us track the evolution of the environment. Inaccessible, polluted, or uninhabitable spaces can be accessed without risking the health of technicians. Of course, workers and labor that need to operate in hazardous conditions can benefit from this real-time environmental data. Colleges, schools, and other institutions are leveraging the IoT technology’s potential as well. From improving campus attendance to ensuring in-class productivity, Bolt IoT has dozens of promising applications in education.

It is in everyone's interest to move forward to create projects through IoT that minimizes energy requirements and environmental impact. The Bolt IoT platform reduces the use of hardware such as wires, connecting joints by using wireless technology, which reduces the electronic waste later on.

Interview

Mr. Pranav Kundaikar, Co-Founder and CTO at Inventrom

Photo of interviewee

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Inventrom Pvt. Lmt. (Bolt IoT)

Inventrom Pvt. Lmt. (Bolt IoT)

Bangalore, IN

Business Website: https://www.boltiot.com/

Year Founded: 2016

Number of Employees: 11 to 50

Bolt is a fully integrated Internet of Things (IoT) platform for developers that helps them build IoT projects and products quickly. They also provide training on IoT and ML(Machine Learning) to students and help them understand the new emerging technologies on a practical level.