Actually, the fintech, health tech, enterprise tech verticals are best represented in 100 AI Startups. Also, among the verticals that are beginning to adopt AI is the industrial segment, EdTech or CleanTech. A poorly represented area is that of mobility and automotive. Many Fintech, Health Tech and SaaS solutions promise to transform important industries and have great scaling potential.
"Artificial Intelligence has become an important engine for the new digital economy, its net positive impact on the GDP of large economies will exceed 13.5% by 2030 (according to the PWC study). This context and the need for a more complete vision on the scaling of local startups that are developing or using AI have led us to create the map of 100 promising AI startups that are founded in Romania or whose founders are Romanian", states Cristian Dascălu, GapMinder VC partner and co-founder of Techcelerator.
Techcelerator has prepared the 100 AI report together with Google for Startups and with the support of GapMinder VC, Tech Angels, SeedBlink, ROTSA - Romanian Tech Startups Association and Bucharest AI.
Registration open for Advancing AI #2 - accelerator for CEE AI startups
Also, the registrations for the second edition of Advancing AI, an acceleration program dedicated to regional startups that are developing products based on AI / ML, are starting today. Startups with products in the MVP phase, augmented by AI / ML, data analytics can apply on the Techcelerator.co website until July 22nd 2021.
Starting with this edition, Advancing AI targets both local startups and companies from South-Eastern Europe. The sub-verticals targeted are Analytical AI (applications such as sentiment analysis, risk assessment for providers), Functional AI (IoT, robots), Interactive AI (smart assistants, chatbots), Text AI (text recognition, speech to text conversion), AI visual (Computer Vision, Augmented Reality).
Eight startups will be selected, with a consolidated team consisting of specialists with complementary skills, whose product is in the stage of POC (proof of concept) or MVP (Minimum Viable Product). Companies must use technologies such as Artificial Intelligence, Machine Learning, Deep Learning, Big Data, and Advanced Analytics to have the potential to expand rapidly on international markets.
The pre-seed / seed startups selected will receive support from the Techcelerator team and corporate partners to test and implement use cases, partner with potential customers and validate strategies for entering international markets. The companies that show the most advanced progress during the program will enter directly into Techcelerator's investment readiness programs developed together with local and regional investors, to access investments as quickly as possible. The teams will be supported by access to both the specialized resources provided by Google and a personalized learning program, as well as mentors with business and technical expertise in the field of artificial intelligence. Each company included in the Advancing AI program will receive benefits of over 150,000 EUR from Techcelerator partners, such as free Google Cloud access, Stripe credits, HubSpot accounts for startups, FreshWorks software products, and more.
They will also get eight weeks of mentoring on topics such as Customer Validation, Use Case development, Product Marketing & Distribution Channels. The program will end in October 2021 with a Demo Day event.