AWS is providing a brand new program for 10 fortunate startups within the generative AI house to assist develop and implement their enterprise.
The AWS Generative AI Accelerator will final for 10 weeks, giving startups the sources and mentoring to construct their merchandise earlier than placing them in touch with buyers and prospects.
Functions are open now and can shut on April 17. The chosen 10 will embark on this system from Could 24 to July 27, 2023, which is able to primarily happen on-line. There will likely be two periods in individual, one at first of the week and one within the remaining week in a Demo Day held at AWS Startup Lofts in San Francisco, CA.
Sources and networking
When it comes to funding, the startups can obtain as much as $300,000 in AWS credit to construct their merchandise inside AWS, utilizing the cloud service’s AI and Machine Studying (ML) instruments to take action.
$200,000 of those credit will likely be given to the startups within the type of AWS Promotional credit, that are aimed toward sustainable firms who make purposes by way of cloud internet hosting.
As well as, an additional $100,000 in credit will likely be up for grabs as a part of AWS Activate, which Amazon describes because the “resolution to a scalable, dependable, and cost-optimized startup.” The startups must individually qualify for the AWS Activate program to be entitled to those additional credit.
Every startup can even be supplied with mentors who’ve experience of their given subject to assist with each the technical and enterprise sides of their enterprise. Different periods will give attention to enhancing machine studying efficiency, stack optimization, and go-to-market methods.
They can even be given the possibility to work together with each other in addition to business leaders in networking occasions, which can even see them meet buyers and potential prospects.
On the finish of this system, the startups will pitch there merchandise on the Demo Day to buyers, prospects and the press, with the aim of elevating consciousness for his or her enterprise.
AWS is ideally in search of startups who have already got an MVP developed and are in search of seed funding inside the subsequent 12 months and a half. It’ll additionally contemplate machine studying startups who’re already utilizing cloud expertise or plan to.