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IIMA Ventures Announced its partnership with Google for Startups

The program is designed to help early-stage startups use Artificial Intelligence (AI) to solve global problems in areas like healthcare, climate, agriculture, education, financial inclusion, and infrastructure.

By Ayushi Jain
New Update
IIMA Ventures Announced its partnership with Google for Startups

IIMA Ventures (formerly IIMA-CIIE) has teamed up with Google for Startups to launch AI Academy India 2024.

Partnership Benifit

The program is designed to help early-stage startups use Artificial Intelligence (AI) to solve global problems in areas like healthcare, climate, agriculture, education, financial inclusion, and infrastructure.

After starting in Gujarat, AI Academy India 2024 will also take place in six other cities across India, in partnership with organizations like Kerala Startup Mission, T-Hub & MATH, IHFC-IIT Delhi, NSRCEL IIM Bangalore, SINE IIT Bombay, IIT Madras Incubation Cell, Nasscom AI, and People+AI.

Supported by MeitY Startup Hub, the first group of 22 startups will receive practical training, expert mentorship, access to Google’s AI technologies, up to $350,000 in cloud credits, and opportunities to connect with top companies.

Read also - Alt Mobility has Raised $10 Million in Series A Round Funding

Market research shows that India’s AI market is expected to reach $7.8 billion by 2025 and could add $500 billion to the country’s GDP.

IIMA Ventures states that these startups are tackling various challenges, such as using AI in education for ERP, LMS, and CRM systems; addressing climate change with a marketplace for electric vehicles; simplifying loan and insurance documents in fintech; and improving healthcare with AI-driven platforms for better business processes.

IIMA Ventures has mentored over 7,000 founders, supported more than 1,700 startups, provided funding to over 700 companies, and inspired over a million people through more than 400 publications.

About Google for startup

Startups are tackling key global challenges with creativity, innovative technology, and determination. Google is proud to support them. Whether you're just starting, growing your startup, or expanding to meet the needs of consumers, business, and society, we connect you with the right people, tools, and best practices to help you succeed.

About IIMA Ventures

IIMA Ventures (formerly CIIE) is a hub for bold entrepreneurs, established at IIM Ahmedabad and recognized as a Centre of Excellence by the Department of Science and Technology.

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