Amazon Web Services (AWS) and Accel, a prominent venture capital firm, have joined forces to launch a transformative six-week accelerator program, ML Elevate 2023, aimed at empowering startups focused on generative artificial intelligence (AI) applications. The ML Elevate 2023 program will offer selected startups exclusive access to cutting-edge AI models and tools, along with invaluable business and technical mentorship. Participants will also benefit from curated resources, enrollment in the AWS Activate program, and up to $200,000 in AWS Credits, providing a strong foundation to catapult their innovative AI ventures.

The accelerator initiative also grants participants the unique opportunity to engage with a thriving community of AI and ML startup founders, fostering valuable peer support and collaborative growth. Additionally, startups will have the chance to scale their production-ready generative AI applications on Amazon SageMaker JumpStart, a key milestone to propel their businesses forward.

The cohort’s journey will culminate in a dedicated Demo Week, where participants can pitch their transformative solutions to leading VC funds, angel investors, and industry leaders, opening doors to potential fundraising opportunities.

Eligible startups for ML Elevate 2023 are those that have already developed a Minimum Viable Product (MVP) and intend to seek funding within the next 12-18 months, harnessing generative AI’s potential to revolutionize businesses on a global scale. “Generative AI offers an unprecedented opportunity to revolutionize and transform businesses globally. Through ML Elevate, our aim is to support generative AI startups to develop industry-focused solutions and innovate to drive the digital economy,” expressed Vaishali Kasture, Director of AWS India and South Asia at Amazon Web Services India. ML Elevate 2023 marks a pivotal collaboration between two industry-leading entities, AWS and Accel, to propel generative AI startups into the forefront of AI innovation, empowering them to create industry-defining solutions and reshape the future of businesses.