AWS Commits $230M to Boost Generative AI Startups with Global Accelerator Programme

Amazon Web Services (AWS) has committed $230 million to support generative AI startups. The 10-week global accelerator programme starts on October 1 and aims to assist 80 founders, including 20 from Asia-Pacific and Japan. Selected startups will receive AWS credits, mentorship, and networking opportunities.

Amazon Web Services (AWS) has announced a substantial commitment of USD 230 million to foster the growth of generative AI startups through an expansion of its global generative AI accelerator programme.

The 10-week programme, set to commence on October 1, aims to support 80 founders and startups, including 20 from the Asia-Pacific and Japan (APJ) region, to significantly enhance their growth trajectory.

Selected startups will be awarded up to USD 1 million in AWS credits, alongside access to skill development sessions, business and technical mentorship, and abundant networking opportunities, according to an official statement from AWS.

AWS also introduced its generative AI Spotlight Programme in the APJ region, a four-week accelerator designed to support 120 pre-seed and seed-stage startups. Participants in this cohort will benefit from the AWS startup flagship AWS Activate Programme, receiving up to USD 100,000 in AWS credits.

Matt Taylor, Head of Startups Solutions Architecture, APJ, AWS, noted, "For 18 years, AWS has helped more startups build, launch, and scale than any other cloud provider—it's no coincidence that 96 per cent of all AI/ML unicorns run on AWS. The AWS global Generative AI Accelerator, together with the AWS Spotlight program in APJ, are part of AWS's continued commitment to helping startups in the region, to accelerate this wave of AI innovation".

Amitabh Nagpal, Head of Startup Ecosystem at AWS India, emphasized that these programmes are designed to provide selected startups with valuable resources, including AWS credits, tools, and expertise, to fast-track their journey.

Applications for the accelerator and spotlight programmes are open until July 19 and June 30, respectively.

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