Amazon Web Services (AWS) is helping to accelerate the success of start-ups in the field of generative AI.
Aimed at giving start ups the resources, mentoring and funding to develop their products and connect with customers and investors, AWS is offering a 10 week program for new AI companies. Applications will be open until April 17 and then 10 lucky companies will be chosen to take part in the program, which starts on May 24 of this year.
The AWS Generative AI Accelerator will mainly be held online, with two in-person meetings taking place, the first at the program’s start and the second ending in the Demo Day at AWS Startup Lofts in San Francisco. During the program, startups will benefit from mentoring, as well has having the chance to interact with each other as well as industry leaders at networking events.
In terms of funding, the accelerant program provides up to $300,000 in AWS credits, split evenly between promotional credits and AWS Activate credits, the latter of which a startup must separately qualify for. The credits will allow startups to build their products on the AWS cloud service, utilizing the AI and ML tools.
The entire program will culminate with the Demo Day, where startups will get to pitch their products and potentially draw in investors, customers and press attention. AWS is targeting startups that already have an MVP ready and are looking for funding in the next year and a half.
AWS is helping to provide a strong foundation to startups in an exciting field and is taking an important step in enabling new generative AI companies.
About Amazon Web Services
Founded in 2006, Amazon Web Services (AWS) is the largest provider of cloud infrastructure services in the world, offering the most comprehensive range of products and services to help companies embrace cloud computing. AWS include a collection of serverless computing, databases and application services, as well as advanced machine learning and analytics, that are used across a massive range of areas within the industry, from healthcare to fraud prevention.
About Jeff Bezos
Jeff Bezos is the founder of Amazon and currently serves as the CEO of Amazon Web Services (AWS). In 1995, he launched Amazon.com, the world’s largest online retailer, as well as Amazon Web Services, Amazon Prime and Amazon Instant Video, which are all innovating the eCommerce and digital media industries. Recently, Bezos launched Blue Origin, a space exploration company with the goal of making space travel accessible to everyone. He has pushed the boundaries of technology and continues to shape the future of humankind.
