Key Takeaways
Fetch.ai has established a $10 million annual innovation fund to support startups in AI and emerging technologies.
The accelerator aims to empower early-stage startups and drive advancements in AI, quantum computing, and high-performance computing.
Crypto artificial intelligence company Fetch.ai is launching a new Startup Accelerator program as part of its Innovation Lab. The program, backed by a $10 million annual innovation fund, is designed to support early-stage startups working in AI, quantum computing, and high-performance computing.
The program, operating through innovation labs in San Francisco, London, and India, will conduct two to three innovation competitions annually while maintaining year-round support programs for startups.
The program offers funding, mentorship, and access to Fetch.ai’s technology and resources to help these startups develop and commercialize their innovations. Key features include personalized guidance from industry leaders, exclusive access to Fetch.ai’s technology stack, global pitch opportunities, and cross-border collaboration through its international hubs.
“AI, quantum computing, and other advanced technologies are reshaping how we solve complex problems,” said Sana Wajid, Chief Development Officer at Fetch.ai Innovation Labs. “Our accelerator is designed to help founders take their innovations from concept to market, equipping them with the tools and expertise needed to create meaningful impact.”
Eligible startups must have a minimum viable product or prototype. The program is industry-agnostic, allowing startups across various sectors to access mentorship, tools, and global opportunities for scaling their solutions.
Applications are now open for the first cohort through the accelerator’s website. The Cambridge-based AI company aims to support projects from concept to commercialization with comprehensive, tailored support for participants.