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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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Tech Mahindra has Signed a Strategic Collaboration Agreement With AWS

Tech Mahindra provides technology consulting and digital solutions to businesses worldwide helping them grow quickly and efficiently. They offer a wide range of services including IT consulting, business applications, engineering and more.

By Aryan Sharma
New Update
Tech Mahindra has Signed a Strategic Collaboration Agreement With AWS

 Amazon Web Services (AWS) and Tech Mahindra is a top global supplier of digital solutions and technology consulting to businesses across industries, have inked a multi-year Strategic Collaboration Agreement (SCA) to create an Autonomous Networks Operations Platform (ANOP) for enterprise clients and Communication Service Providers (CSPs).

With the help of AWS's generative AI (GenAI), machine learning (ML), and artificial intelligence (AI) services, this Tech Mahindra platform allows users to move their network operations from an on-premises infrastructure to a real-time proactive and preventive model running on a hybrid cloud. 

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Tech Mahindra's GenAI skills and knowledge of telecom networks are combined with Amazon SageMaker, a service that offers fully managed infrastructure, tools, and processes for creating, honing, and implementing machine learning models for any industrial use case. With the help of the ANOP platform, CSPs may increase the productivity of teams in charge of physical and cloud infrastructure's Network Operations Center (NOC) by over 50%. It decreases Mean Time to Repair (MTTR) for network and service problems by more than 30% and cuts field trips by more than 15%.

The platform achieves speed and efficiency gains of more than 30% by expediting the deployment of network and service configurations. The partnership also includes Amazon Bedrock, a fully managed solution that offers top-performing foundation models (FMs) from top AI companies through a single API.

Manish Mangal, Chief Technology Officer, Telecom & Global Business Head, Network Services at Tech Mahindra, said, “The communications industry is at a pivotal junction of deploying disaggregated, virtualized and cloud-native RAN networks. Our collaboration with AWS empowers telcos to simplify operations, modernize networks, and unlock revenue through advanced artificial intelligence and machine learning. By integrating AWS’s GenAI, our Autonomous Networks Operations Platform delivers real-time insights, intelligent workflows, and supports O-RAN adoption for efficient, proactive network management.”  

Tech Mahindra is evaluating and verifying O-RAN features on Amazon's EKS Anywhere (EKS-A) platform. The platform for Distributed Unit and Central Unit network functions will be jointly tested and validated, which will speed up the cloudification of RAN at the edge and allow both firms to use their strengths for broader industry benefits.

Robin Harwani, Head of Telco Industry Solutions at AWS, said, “The collaboration to integrate AWS’s AI/ML, including generative AI offerings to build Tech Mahindra’s Autonomous Networks Operations Platform, is an important step to help telco operators bring acceleration in their network operations transformation. Through this effort, network operators can get generative AI-enabled actionable and just-in-time recommendations such as for NOC operations, field dispatch optimization, as well as automated self-healing for preventive actions. This will make it easier for operators to more proactively manage and optimize network performance and reduce their operational expenditure.”

Offering industry-leading networks, engineering, and expertise skills to streamline company complexity, promote change, and quicken monetization, Tech Mahindra is a reliable transformation partner. A major European communications provider is now using ANOP to improve network operations through process optimization and automation.

About Tech Mahindra

Tech Mahindra provides technology consulting and digital solutions to businesses worldwide, helping them grow quickly and efficiently. With over 150,000 professionals in more than 90 countries, Tech Mahindra supports over 1,100 clients. They offer a wide range of services, including IT consulting, business applications, engineering, customer experience design, AI & analytics, and cloud services. It is the first Indian company in the world to receive the Terra Carta Seal from the Sustainable Markets Initiative. This award recognizes companies that are taking action to create a positive future for the climate and nature. 

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding News: Stay updated with the latest news and trends in startup funding and investment.