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Microsoft Launches Program to Support AI Startups in India

Microsoft Launches Program to Support AI Startups in India

In its effort to support the startup ecosystem in India, Microsoft has launched a program for nurturing and scaling startups that leverage Artificial Intelligence (AI). Microsoft AI Innovate is a 10-week initiative that will help startups in India that work on AI technologies, to scale operations, drive innovation, and build industry expertise.

Both B2B and B2C startups from diverse industries including financial services, healthcare, education, agriculture, space, manufacturing and logistics, retail, and e-commerce are invited to participate in the quarterly cohorts of this immersive program. Supported by The Indus Entrepreneurs (TiE) Mumbai chapter, the launch cohort will commence in November 2021. The first cohort will focus on manufacturing and logistics and the second one will focus on fintech.

Selected startups in each of the cohorts will have access to industry deep-dive sessions, AI masterclasses by industry experts, mentoring by unicorn founders, skilling and certification opportunities, among other benefits.

At a virtual event, Microsoft India president Anant Maheshwari said, “AI adoption can add more than $90 billion to the Indian economy by 2035…to maximize AI’s potential and mitigate its risks, we need to develop AI in a way that is responsible and fosters trust.” He added that India has the third-largest AI startup ecosystem in the world.
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