Infosys extends ecosystem of Living Labs to enterprise-ready startups in Australia to accelerate their go to market

Melbourne – October 24, 2022.  Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced it would be extending its Living Labs ecosystem to help Australian start-ups to advance their go to market.

The launch event was hosted in the Infosys Living Lab in Melbourne in collaboration with its partner Telstra Ventures, a venture capital firm with over A$1.3 billion in assets under management that invests in market-leading, high growth technology companies globally.

At the Startup Day, startups from the Infosys Innovation Network (IIN) with a presence in Australia had the opportunity to pitch their products and services to Infosys’ enterprise customers from private sector, public sector and academia.

Infosys Living Labs in Melbourne and Sydney provide digital innovation as a service to participating startups with a presence in Australia. These start-ups are able to leverage Infosys’ global on-demand multi-tiered digital ecosystem comprised of the latest technologies, solution accelerators and domain experts, to co-create, test and accelerate their time to market.

Through structured workshops in the Living Labs, they are also able to tap into Infosys’ offerings and expertise including Infosys Cobalt, Infosys Metaverse Foundry, Cyber Security, AI, Data and Analytics and more. In addition, startups can harness a confluence of digital services and human experience expertise offered by WONGDOODY, an Infosys company and Infosys Consulting.

Ashok Mysore, Vice President Infosys and Regional Head Delivery & Operations, Australia and New Zealand, said, “We are pleased to extend our Living Labs ecosystem to startups with a presence in Australia. This serves as an invaluable resource for them to test, build and scale innovative ideas to accelerate their growth and development in global markets.”

Telstra Ventures is an ecosystem partner of the Infosys Innovation Network. Besides contributing its expertise to support startup partners, some of its portfolio companies have been able to tap the network to scale their innovations and access global enterprise clients.

Gurpreet Ghuliani, Operating Partner, Telstra Ventures, said, “We are excited to continue our collaboration with Infosys to help enterprise ready startups in Australia accelerate their go to market. With access to over AUD 1.3 Billion managed by Telstra Ventures and Infosys’ Living Labs ecosystem, startups are better equipped to succeed.”

Globally, over 100 enterprises and 200 startups have benefitted from Infosys’ 30+ Living Labs to accelerate their digital innovation. Enterprise ready startups that participated in the Startup Day include QuintessenceLabs, Future Grid, Gitlab, Incorta, Cequence Security, LambdaTest and HeadSpin.

Vikram Sharma, CEO, QuintessenceLabs, said, “As an enterprise-ready organisation, it is important for us to have the ability to scale our quantum-enhanced cyber security solutions. Our collaboration with Infosys gives us the platform to reach the global enterprise market and, collectively, deliver quantum-resilient solutions across key areas considered essential to a strong cyber defense.”

Chris Law, CEO, Future Grid, said, “With the Infosys Living Labs ecosystem, we can scale our business, connect with Infosys’ global clients and partners. Our solutions can help them to manage their electrical networks more effectively and efficiently as we move towards green energy sources.”

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

This Release contains ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance and that are based on our current expectations, assumptions, estimates and projections about the Company, our industry, economic conditions in the markets in which we operate, and certain other matters. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as ‘may’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘continue’, ‘intend’, ‘will’, ‘project’, ‘seek’, ‘could’, ‘would’, ‘should’ and similar expressions. Those statements include, among other things, statements regarding our business strategy, our expectations concerning our market position, future operations, growth, margins, profitability, attrition, liquidity, and capital resources, our ESG vision, our capital allocation policy, the effects of COVID-19 on global economic conditions and our business and operations, wage increases, change in the regulations including immigration regulation and policies in the United States, and corporate actions including timely completion of the proposed buy-back of our equity shares. These statements are subject to known and unknown risks, uncertainties and other factors which may cause actual results or outcomes to differ materially from those implied by the forward-looking statements. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2022. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

 

Media contact

For more information, please contact: PR_Global@infosys.com

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