Hyderabad: Telangana AI Mission (T-AIM) announced the selection of 42 startups into the Revv Up accelerator programme. Revv Up programme is offered by the State government together with software industry body NASSCOM and it aims to enable and empower AI startups through a series of structured interventions.
The startups have gone through a rigorous selection process. The cohort represents 11 sectors and 10 Indian States. More than 50 per cent of startups that are from outside Telangana have expressed intent to open a local office this year or the next. About 70 per cent of the cohort is either bootstrapped (has early funding) and about 25 per cent have at least one woman founder.
“The participating entrepreneurs and their startups represent innovations powered by Artificial Intelligence. From addressing non-invasive healthcare solutions, to climate modelling, and new ways to support learning these founders will greatly impact how our future will be shaped,” said Jayesh Ranjan, Industries and IT Principal Secretary.
The Revv Up accelerator, a step towards making Telangana and Hyderabad a global destination for AI and other emerging technologies, will provide opportunities for AI startups to solve societal and business problems through partnerships with government and industry respectively. The zero equity or cost accelerator program, exclusively designed for growth-stage AI startups, will begin its core operations starting this month.
The selected startups will receive mentorship from industry experts, and technology and IP support as they aim to build scalable businesses with AI-based offering at their core, said a release.
“NASSCOM’s close partnership with Telangana will provide impetus to startups and their aspirations to become the AI Garage for the world,” said Debjani Ghosh, President, NASSCOM.
Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.