AWS, Accel announce programme to support generative AI startups

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AWS, Accel announce programme to support generative AI startups
AWS, Accel announce programme to support generative AI startups

Generative AI offers an unprecedented opportunity to revolutionise and transform businesses globally

To support startups building generative AI (artificial intelligence) applications, Amazon Web Services (AWS) and venture capital firm Accel announced a six-week accelerator programme, ML Elevate 2023.

The programme will provide startups access to AI models and tools, business and technical mentorship, curated resources, the AWS Activate programme, and up to $200,000 in AWS Credits. This also includes peer support from a community of AI and ML startup founders and the opportunity to scale production-ready generative AI applications on Amazon SageMaker JumpStart, it said. Through a dedicated Demo Week to pitch leading VC funds, angel investors, and industry leaders, the cohort will also have a fundraising opportunity.

Generative AI startups that have already developed a Minimum Viable Product (MVP) and intend to seek funding in the next 12–18 months are eligible to apply.

“Generative AI offers an unprecedented opportunity to revolutionise and transform businesses globally. Through ML Elevate, our aim is to support generative AI startups to develop industry-focused solutions and innovate to drive the digital economy,” says Vaishali Kasture, Director of AWS India and South Asia at Amazon Web Services India.

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