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News on Medial
Google Cloud to boost support for early-stage AI startups with new programmes, partnerships
YourStory
·
9m ago
Medial
Google has launched a range of initiatives and partnerships to support the growth of AI startups in India. These programs include the Emerging ISV Partner Springboard, which offers a 12-week program to accelerate growth for AI startups and provide support from Google AI experts and access to the Google Cloud Marketplace. The Google for Startups Cloud Program will provide early-stage founders with $200,000 in Google Cloud credits over two years, and AI-based startups will receive $350,000 in credits. Google has also collaborated with Y Combinator and other accelerators to provide support and resources to AI-focused startups.
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Chiratae Ventures Rolls Out 3rd Cohort Of Its Seed Investment Programme
Inc42
·
11m ago
Medial
Applications for the 2024 edition of Chiratae Sonic are now open. The initiative aims to support early-stage startups in sectors such as deep tech, generative AI, climate tech, and manufacturing tech. These startups have the opportunity to raise up to $2 million in funding. Selected startups will receive exclusive partner benefits, including cloud credits from Amazon Web Services and Google Cloud, as well as business mentorship and technical support for scaling their businesses.
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Google Cloud, We Founder Circle's EvolveX back two early-stage tech startups
VCCircle
·
1y ago
Medial
Google Cloud has provided funding to two early-stage tech startups, ProjectX.Cloud and Cashvisory. ProjectX.Cloud, a cloud-based operating system, raised around $200,000 in funding from Google Cloud. The funding will be used for infrastructure support and product development. Cashvisory, an AI-based financial app startup, raised $144,264 in a pre-seed funding round from EvolveX and angel investors. The funds will be used for launching their mobile application and expanding their customer base.
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Amazon adds $230 million in cloud credits to AI startups
Economic Times
·
1y ago
Medial
Amazon will invest $230 million in the form of Amazon Web Service (AWS) credits to support artificial intelligence (AI) startups. This move aims to attract early-stage generative AI companies to build their businesses on AWS by providing them with free computing power, various AI models, and infrastructure. Additionally, part of the investment will be used to support 80 early-stage companies globally through the AWS Generative AI Accelerator program. Cloud providers, including Amazon, are offering credits to entice enterprises to use their services, as AI demand continues to drive the growth of cloud providers.
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Google, MeitY Startup Hub to support 10,000 Indian startups in AI
YourStory
·
1y ago
Medial
Google is partnering with MeitY Startup Hub to assist 10,000 Indian startups in their AI endeavors. Support includes Google Cloud credits, AI-first programming curriculum, and the launch of a nationwide GenAI Hackathon and AI Startup Bootcamp. Eligible startups will receive up to $350,000 in Google Cloud credits to invest in cloud infrastructure, along with AI-focused programming and mentorship. The initiative aims to drive innovation in sectors such as healthcare, agriculture, and cybersecurity. Google previously supported Indian startups with programs like the Google for Startups Accelerator: AI First and Build with AI.
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India's next AI wave to be driven by inclusive, monetisable solutions, say experts - The Economic Times
Economic Times
·
1d ago
Medial
Experts at an IIM Calcutta Innovation Park event highlighted India’s potential to lead in AI through affordable and impactful applications across key sectors like logistics, agriculture, and education. By focusing on scalable, inclusive solutions, startups can seize the AI opportunity. The collaboration with Google aims to provide early-stage startups with practical training in generative AI tools and connects them with technical and investment support to drive sustainable development and innovation.
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Google, MeitY Startup Hub To Upskill 10K Startups In AI
Inc42
·
1y ago
Medial
Google announced that it will offer support and training to Indian startups with AI-first programming through programs like Appscale Academy and Startup School. Eligible startups will receive $350K worth of Google Cloud credits for cloud infrastructure development. Additionally, Google is partnering with MeitY Startup Hub and Startup India to launch a pan-India Gen AI Hackathon called 'GenAI Exchange.'
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Second fund of funds’ first instalment, Startup India Desk in works: Piyush Goyal
Economic Times
·
4m ago
Medial
Commerce and industry minister Piyush Goyal announced that the second fund of funds for startups with a Rs 10,000 crore corpus has been approved, with Rs 2,000 crore to be disbursed this year. A key initiative includes creating a Startup India Desk for support. The fund aims to develop domestic tech solutions and support startups in AI, semiconductors, and deep-tech. The initiative seeks to provide early-stage financial backing for entrepreneurs and boost innovation leadership.
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Yotta, nasscom, and Telangana AI Mission launch Shambho accelerator programme
YourStory
·
11m ago
Medial
Yotta Data Services has unveiled Shambho, an accelerator programme for cloud and AI startups, supported by nasscom AI and Telangana AI Mission. Startups will have access to AI and cloud infrastructure, mentorship, and technological support. Selected startups will receive credits of up to $200,000 for Yotta's Shakti Cloud supercomputer. Customised mentorship sessions, training, and technical support will also be provided. Joining the Yotta ecosystem will offer additional business opportunities, such as networking events and membership in startup communities. The programme aims to boost India's AI innovation and encourage the development of cutting-edge solutions.
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Google and Microsoft expand footprint in Telangana with new investments
Economic Times
·
5m ago
Medial
Google and Microsoft are strengthening their presence in Telangana, India, with significant investments and new facilities. Google is partnering with the state government to establish an AI Accelerator in Hyderabad to support AI startups. Microsoft has opened an extensive new facility in Hyderabad and plans further recruitment. Additionally, it is partnering with the Telangana government to provide AI training and establish AI Centers of Excellence. These initiatives aim to boost technology development and digital transformation in the region.
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Wipro commits $200 mn more to VC arm to invest in tech startups
VCCircle
·
5m ago
Medial
Wipro Ltd has committed an additional $200 million to Wipro Ventures, its venture capital arm, to boost investments in early- to mid-stage technology startups. Since its inception in 2015, Wipro Ventures has invested in sectors including AI, data analytics, cybersecurity, and cloud infrastructure. The firm has made 37 investments and achieved 12 exits. This latest funding aims to further Wipro's strategic participation in technological innovation globally, with recent investments and exits reflecting its dynamic portfolio growth.
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