The rapid advancement of Artificial Intelligence (AI) is transforming industries and reshaping the global economy. To support the growth of AI startups and drive innovation in the field, Amazon Web Services (AWS) has introduced the AWS Generative AI Accelerator. This comprehensive program is designed to provide resources and support to startups working on generative AI technologies, helping them scale their businesses and achieve their objectives.
Program Sponsor
The AWS Generative AI Accelerator is a comprehensive program designed to help startups focused on Generative AI technologies to scale their businesses, develop innovative solutions, and achieve their goals. AWS, the world’s most comprehensive and broadly adopted cloud platform, sponsors this program. AWS offers a wide range of services, including machine learning, analytics, and computing power, making it the perfect partner for startups looking to leverage the power of AI.
Eligibility Criteria
To be eligible for the AWS Generative AI Accelerator, startups must meet the following criteria:
- Must be a registered legal entity (such as a corporation, partnership, or limited liability company) with a business model focused on AI and machine learning.
- Must have a product or service that is based on generative AI technologies.
- Must have a product or service that is either in the development stage or has been recently launched and is gaining traction in the market.
- Must be able to demonstrate the potential for significant business impact and growth.
Hybrid or Online Program
The AWS Generative AI Accelerator program is designed to be flexible and adaptable to the needs of the participating startups. The program offers a hybrid model that combines online sessions, workshops, and mentoring with in-person events and activities when possible. The first and last weeks of this program are in-person, while weeks 2-9 are virtual. This approach enables startups from around the world to participate in the program while benefiting from a mix of remote and on-site resources.
Benefits of Participating in the Program
Participating in the AWS Generative AI Accelerator offers numerous benefits for startups, including:
- Access to AWS resources: Startups will receive up to $200,000 in AWS Promotional credits and may receive up to $100,000 in AWS Activate credits, enabling them to access AWS’s wide range of services for free or at a discounted rate.
- Technical support: Participants will receive technical support from AWS experts to help them build and scale their AI solutions.
- Business development and networking opportunities: Startups will have the opportunity to connect with potential investors, partners, and customers through the AWS network.
- Mentorship and training: Participants will gain access to a pool of experienced mentors and receive training on various aspects of AI, business development, and scaling their startups.
Timeline to Apply and Submission Requirements
The application process for the AWS Generative AI Accelerator is designed to be simple and straightforward. To apply, startups must:
- Complete the online application form, providing details about their generative AI solution, team, and business model.
- Submit a pitch deck that showcases their solution and its potential impact.
- A detailed business plan outlining the startup’s goals, growth strategies, traction and revenue projections
Applications open 4th April 2023 and close 17th April, 2023.
Conclusion
The AWS Generative AI Accelerator is an incredible opportunity for startups working on generative AI technologies to accelerate their growth and achieve their goals. With access to AWS resources, technical support, mentorship, and networking opportunities, participants in this program will be well-equipped to make a significant impact in the AI industry.
Are you looking for similar program or funding news? Check the BBVA Blog.
Are you a Black entrepreneur looking for support and resources to help grow your business? Look no further than the Black Business Ventures Association’s Accelerator Program and Mwanzo Program!
These programs offer mentorship, networking opportunities, and access to funding for Black-owned businesses. Whether you’re just starting out or looking to scale your business, BBVA has resources to help you on your journey.
Don’t miss out on this incredible opportunity to connect with like-minded individuals and take your business to the next level. Check out BBVA’s website to learn more and apply today!