AWS Announces $230M Investment to Global Generative AI Accelerator for Early-Stage Start-Ups
Smbhav 2023 – Sah AI
Amazon Web Services Inc. (AWS) has announced a $230 million investment in generative AI start-ups and the expansion of the global Generative AI Accelerator. This programme will support 80 founders, including 20 from Asia-Pacific and Japan (APJ), by providing tailored technical and business assistance. Applications are open now and will be accepted until July 19.
Over the course of the 10-week global program, which will kick off on October 1, founders of selected generative AI start-ups will have access to the following: Sessions focused on developing skills related to machine learning, stack optimization, and go-to-market strategies.
AWS also announced the launch of the new AWS Generative AI Spotlight program in Asia Pacific and Japan (APJ), a four-week accelerator program to nurture pre-seed and seed-stage-ready start-ups in the region that are building generative AI applications.
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The programme will help selected start-ups accelerate their understanding of and fluency with generative AI tools and services from AWS by providing them access to business and technical knowledge and expertise from industry experts, founders, and investors, as well as peer support from a community of innovators and fellow cohort members from across the region. The cohort participants will also have access to the AWS start-up flagship AWS Activate program and receive up to US$100,000 in AWS Credits, subject to Accelerator T&C and AWS discretion.
“Generative AI offers businesses immense potential to accelerate innovation, revolutionize industries, and drive economic growth,” said Amitabh Nagpal, Head of Startup Ecosystem, AWS India.
“Tailored to the lifecycle of early-stage generative AI start-ups, the two distinct, complementary programs—the AWS global generative AI accelerator and the APJ Generative AI Spotlight—are designed to offer selected start-ups access to various resources, such as AWS credits, tools, and expertise, to accelerate their journey,” added Nagpal.
The AWS Generative AI Spotlight program in APJ is in collaboration with venture capital firms and organizations in key cities across the region. In India, AWS is collaborating with venture capital firm Accel for the program.
The AWS Generative AI Spotlight program in APJ will select up to 120 pre-seed and seed-stage-ready start-ups across the region, including 40 from India. Interested start-ups can find more details and apply for the program here.
The programme will help selected start-ups accelerate their understanding of and fluency with generative AI tools and services from AWS by providing them access to business and technical knowledge and expertise from industry experts, founders, and investors, as well as peer support from a community of innovators and fellow cohort members from across the region. The cohort participants will also have access to the AWS startup flagship AWS Activate program and receive up to US$100,000 in AWS Credits, subject to Accelerator T&C and AWS discretion.
“Generative AI offers businesses immense potential to accelerate innovation, revolutionize industries, and drive economic growth,” said Amitabh Nagpal, Head of Startup Ecosystem, AWS India.
“Tailored to the lifecycle of early-stage generative AI startups, the two distinct, complementary programs—the AWS global generative AI accelerator and the APJ Generative AI Spotlight—are designed to offer selected startups access to various resources, such as AWS credits, tools, and expertise, to accelerate their journey,” added Nagpal.
The AWS Generative AI Spotlight program in APJ is in collaboration with venture capital firms and organizations in key cities across the region. In India, AWS is collaborating with venture capital firm Accel for the program.
The AWS Generative AI Spotlight program in APJ will select up to 120 pre-seed and seed-stage-ready startups across the region, including 40 from India. Interested startups can find more details and apply for the program here.
