In addition to announcing the expansion of its global Generative AI Accelerator, which aims to support 80 founders and innovators—20 of whom are from Asia-Pacific and Japan (APJ)—with technical and business programming specifically designed for startups in this field, Amazon Web Services Inc. (AWS) also announced a US$230 million commitment to generative AI startups.
The program will help selected startups learn and master AWS generative AI tools and services by providing business and technical expertise from industry experts, founders, and investors, as well as peer support from a regional community of innovators. Subject to Accelerator T&C and AWS discretion, cohort participants will get access to the AWS startup flagship AWS Activate program and receive up to US$100,000 in AWS Credits.
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“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- AWS global generative AI accelerator, and 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. We invite eligible startups in India to apply for the programs, and look forward to empowering startups that are driving generative AI-led transformation in the country.”
40 Indian businesses will be among the 120 pre-seed and seed-stage ready companies chosen by the AWS Generative AI Spotlight program in APJ.
“For 18 years, AWS has helped more startups build, launch, and scale than any other cloud provider – it’s no coincidence that 96% of all AI/ML unicorns run on AWS. The AWS global Generative AI Accelerator, together with the AWS Spotlight program in APJ, are part of AWS’s continued commitment to helping startups in the region, to accelerate this wave of AI innovation,” said Matt Taylor, Head of Startups Solutions Architecture, APJ at AWS.
“These two complementary accelerator programs will help startups at various stages of growth in the APJ region to drive innovations on our generative AI stack. From the best price-performance AWS-designed ML chips, to training or fine-tuning foundational models, and building AI applications, we’re looking forward to enabling startups to transform customer experiences and the way we live, work, and play,” he added.
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