NewsVoir
London [UK], February 14: Eros Innovation, a leading name in the entertainment industry, is teaming up with OxValue.AI, a company born from Oxford University that focuses on AI-driven technology valuation. Together, they plan to change how technology is valued in India.
This joint effort will use OxValue.AI’s unique Valuation of Early Stage Technology (VEST) Tool. This smart tool uses data analytics and artificial intelligence to provide clear and fair valuations of new technologies and start-ups. By combining this tool with Eros Innovation’s wide industry reach, they aim to help India’s growing tech scene by enabling better investment choices and sparking innovation.
Goals of the Joint Venture:
1. **Helping Start-ups and SMEs:** Offer easy-to-use and cost-effective valuation services to small and medium-sized businesses, helping them attract investments and grow.
2. **Promoting Technology Transfer:** Make technology transfer easier with accurate valuations to encourage teamwork between inventors and investors.
3. **Assisting Policy Makers:** Provide useful insights to help leaders create strategies that support the tech ecosystem in India.
Kishore Lulla, Chairman of Eros Innovation, expressed enthusiasm about the partnership: “We are thrilled to work with OxValue.AI to introduce innovative technology valuation services in India. This venture fits perfectly with our goal to encourage innovation in emerging markets.”
Professor Xiaolan Fu, the founder of OxValue.AI, commented, “We aim to make technology valuation clearer and more accessible. Collaborating with Eros Innovation helps us reach and impact a vibrant market like India.”
The new venture will start in Mumbai, with plans to open offices in major tech cities across India. It is set to launch operations in the second quarter of 2025, initially focusing on sectors like IT, biotechnology, and renewable energy.
This partnership highlights a common goal: to boost technology advancements and economic progress in India by providing tools that benefit both innovators and investors.
Industry experts see OxValue.AI as a pivotal player in the future of technology valuation. Nick Talbot, CEO of the International Valuation Standards Council, stated, “OxValue.AI represents a significant advancement in our field, and I believe it will be essential for professionals navigating today’s industrial landscape.”
Ben Llewellyn-Jones, Director at the UK Intellectual Property Office, added, “OxValue.AI is a game-changer for businesses managing intellectual property, offering a powerful tool for investment and competitive edge in the global market.
Eros Innovation is revolutionizing the entertainment sector with AI technology, using over a trillion AI tokens to enhance various forms of media, including text, images, and video.
OxValue.AI, founded by Professor Xiaolan Fu, specializes in valuing technology and start-ups using data and AI. Their VEST Tool examines various factors, including patent information, to ensure clear and fair valuations. This approach aims to boost innovation and assist small businesses, fostering technology transfer to emerging nations.
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(The story has come from a syndicated feed and has not been edited by the Tribune Staff.)
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