Microsoft launched a new initiative called Microsoft AI Innovate on Wednesday for nurturing and scaling startups that use artificial intelligence (AI). The 10-week project will assist startups in India that are leveraging AI technology by helping them in scaling operations, driving innovation, and developing industry expertise.
This programme’s quarterly batches are open to both B2B and B2C companies from a variety of industries, including financial services, healthcare, education, agriculture, space, manufacturing and logistics, retail, and e-commerce.
The launch cohort, which will be supported by TiE Mumbai, will begin in November 2021. The first batch will focus on manufacturing and logistics, while the second will rely on fintech.
“AI is increasingly transitioning from artificial intelligence into augmented intelligence that ensures efficient, faster, more targeted experiences for everybody.
“AI has a tremendous potential to empower people and institutions to do better, understand customers more deeply, share information more quickly and enable scientific breakthroughs,” Microsoft India President Anant Maheshwari said at a virtual event.
He added that India has the third-largest AI start-up ecosystem in the world.
