Change Engine to invest $5 million in early-stage Indian AI startups over next five years

Share via:


Startup accelerator Change Engine on Tuesday announced plans to invest over $5 million (about Rs 43 crore) over the next five years in early-stage AI startups from India. It aims to foster AI startups developing Machine Learning stack technologies and business applications from India for the global market, a company statement said.

“Each year, we will seed 6 startups with $50,000 each, followed by up to $1,50,000 through syndication, paving the way for over $5 million in total investment over the next three years,” said Varun Aggarwal, Founder of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Change Engine to invest $5 million in early-stage Indian AI startups over next five years


Startup accelerator Change Engine on Tuesday announced plans to invest over $5 million (about Rs 43 crore) over the next five years in early-stage AI startups from India. It aims to foster AI startups developing Machine Learning stack technologies and business applications from India for the global market, a company statement said.

“Each year, we will seed 6 startups with $50,000 each, followed by up to $1,50,000 through syndication, paving the way for over $5 million in total investment over the next three years,” said Varun Aggarwal, Founder of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Ted Lasso season 4 is coming: Here’s everything we...

Apple TV+ is currently airing one of its...

Zhao pledges BNB for Thailand, Myanmar disaster relief

Binance co-founder Changpeng “CZ” Zhao is donating 500...

iOS 18.4: Here are Apple’s full release notes

The second iOS 18.4 Release Candidate build is...

Popular

Upcoming Events

Chargebee Buys Trainn To Boost AI-Powered Customer Training

SUMMARY Chennai-based SaaS startup Chargebee has bought AI-powered customer...

Bitcoin to $110K next, Hyperliquid whale bags $6.2M ‘short’...

Bitcoin price is poised to hit $110,000 before...

How Binny Bansal-Backed PlanetSpark Reached Break-Even And Beat The...

As working harder gets replaced by working smarter...
afg afg afg afg afg afg ADGF ADGF ADGF ADGF ADGF ADGF ADGF ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account