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AWS launches generative AI accelerator for startups

AWS launches generative AI accelerator for startups

The program aims to support startups in generative artificial intelligence. 

This week Amazon Web Services (AWS) announced the launch of a new program “designed to take the most promising generative AI startups around the globe to the next level”.

The “AWS Generative AI Accelerator” is a 10-week program “designed to act as catalyst”, AWS says. Its aim is to help startups In the generative AI space to “take their ideas off the ground”, the company claims.

“With a program tailored to meet the needs of generative AI startups, the AWS Generative AI Accelerator will provide access to impactful AI models and tools, customized go-to-market strategies, machine learning stack optimization, and more”, according to the announcement. Selected startups will also have access to networking opportunities with “industry luminaries”,” as well as potential investors and customers.

In addition, the cloud giant promises that selected startups will receive up to $300,000 in AWS credits to build their products and services on AWS’s tech stack, as well as dedicated business and technical mentors matched based on industry vertical, market, and stage.

Here’s who qualifies

AWS says that qualifying startups should have a minimal viable product (MVP) already developed, as well as have “some traction with customers”. They should also be working to enhance their product value proposition in order to scale. Although the program is open to all startups, those already building on AWS will receive the most benefit from the accelerator’s dedicated AWS Solutions Architect team, the company says.

The program is open to companies around the globe, with no limitations around use case. “We want to empower companies applying generative AI to solutions from legal and marketing, to software engineering, green energy, and life sciences, including drug discovery”, AWS adds.

Startups have until April 17 to apply. AWS will announce the winning applicants at an event scheduled for May 25. For the startups selected to participate, the program will kick off the same day.

The AWS Generative AI Accelerator is set to run from the May 25 opening event through July 27.