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

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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…



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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.

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