To boost the growth of artificial intelligence (AI) startups in India, IIMA Ventures (formerly IIMA-CIIE) disclosed its partnership with Google for Startups. It started its first AI Academy India 2024 cohort. The program aims to help early-stage startups harness Artificial Intelligence (AI) and address global challenges across sectors like healthcare, climate, agriculture, education, financial inclusion, and infrastructure.
Supported by MeitY Startup Hub, the first cohort included 22 startups for practical training, expert mentorship, access to Google’s AI technologies, up to USD 350,000 cloud credits, and the opportunity to network with world-class companies. With the AI market in India projected to reach USD 7.8 billion by 2025 and potentially add USD 500 billion to the gross domestic product (GDP), the focus on AI is crucial for scalable, impactful solutions.
"We are proud to partner with Google for Startups to host the AI Academy India Bootcamp in Ahmedabad. This initiative perfectly aligns with our regional incubation mission to foster innovation and entrepreneurship. The boot camp has provided 22 promising startups from Gujarat with invaluable resources, including access to cutting-edge AI technologies and expert mentorship. We look forward to hosting more such programs to strengthen the startup ecosystem in Gujarat." said Vipul Patel, Partner, Seed Investing, IIMA Ventures.
These startups are addressing diverse challenges: in education, with AI-powered ERP, LMS, and CRM systems; in climate change, with a social marketplace for electric vehicles; in fintech, with AI tools to simplify loan and insurance documents; and in healthcare, with AI-driven collaborative platforms to streamline business processes.
Established by IIM Ahmedabad, IIMA Ventures empower startups with mentorship, training, and tools to harness AI responsibly, to position India as a global AI leader.
Followed by its launch in Gujarat, AI Academy India 2024 will also be held in 6 other cities across India in partnership with Kerala Startup Mission, T-Hub & MATH, IHFC-IIT Delhi, NSRCEL IIM Bangalore, SINE IIT Bombay, IIT Madras Incubation Cell along with Nasscom AI and People plus ai
The program explores how to design human-centred, secure AI solutions through workshops on People plus AI, Responsible AI, and product design, building AI solutions using Google technologies, with hands-on workshops on Generative AI, app development, and Web AI, along with technical mentoring and strategies for taking AI solutions to market, including AI-powered marketing, fundraising, storytelling & growth-focused mentoring and was inaugurated by RD Barhatt, Joint Commissioner, Startup Gujarat, Government of Gujarat, who emphasized the importance of using AI responsibly to build sustainable solutions for the nation.
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