Nasscom, Vizag, develops asset tracking system
Wisenet, a startup from Andhra University, creates asset tracking systems for hospitals and logistics, breaking new ground with BLE tech
Visakhapatnam: Wisenet, a startup unit incubated in Nasscom Centre for Excellence has developed asset tracking system with sensors for both indoor and outdoor applications.
Founder director of the company Vamsi Chikati, an alumni of IIT-Kanpur, told this newspaper on Monday that the company recently executed medical devices tracking for a 250-year-old SSKM Government Hospital, a large hospital in Kolkata of West Bengal. The hospital has over 8,000 instruments and Wisenet tagged 500 instruments for a start. The remaining instruments would be tagged in subsequent phases, he said.
He said Wisenet applied Bluetooth Low Energy (BLE) technology to the problem of tracking expensive medical instruments inside the hospital buildings where GPS signals are not available. It applied the same technology to track containers for CFS companies in shipping industry. It excelled in cellular wireless devices and provides 4G GPS devices for fleet tracking software for logistics businesses in AP.
Wisenet is also a pioneer in applying bleeding edge IoT technologies to solve Indian industrial problems and manufactures products in India. “Wisenet is a bootstrapped startup which is breaking even this year through revenues.”
“We have made Rs 40 lakhs in 2022-2023 financial year and we are hoping to reach the Rs 1 crore mark this year,” Vamsi said.
Andhra University campus has 206 start ups and of them 88 percent are revenue generating units. In the last finance year, these startups generated a revenue of Rs 120 crore. Some of the companies were listed in the Indian Fortune 500, university sources said.
Andhra University campus has more than 120 startups and they generate good revenues apart from providing employment to the university graduates. Some of the companies have been listed in the Indian Fortune 500, university sources said.
Andhra University Incubation Council (a-Hub) last year awarded Rs 50 lakh as grants to seven startups/innovators. These grants, known as ignition grants, will support these innovators in developing their ideas into a prototype, an early working model of the product they plan to launch into the market.
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