Amazon Web Services (AWS) and venture capital firm Accel has announced ML Elevate 2023, a six-week accelerator programme aimed at empowering Indian startups that are building generative AI applications.

 ML Elevate aims to support generative AI startups by providing them access to impactful AI models and tools, business and technical mentorship, curated resources, the AWS Activate programme, and up to USD 200,000 in AWS Credits. 

Other benefits include peer support from a community of leading AI and ML startup founders and the opportunity to scale production-ready generative AI applications on Amazon SageMaker JumpStart.

Generative AI startups that have already developed a Minimum Viable Product (MVP) and intend to seek funding in the next 12-18 months are eligible to apply. 

Selected startups will undergo live virtual masterclasses, including fireside chats and panel discussions by investors, industry leaders, and AWS experts. 

The panel of speakers includes Tom Mason, Chief Technology Officer, Stability AI; Vishal Dhupar, Managing Director, Asia-South, NVIDIA Graphics Pvt Ltd; Poonacha Kongetira, SVP Engineering at SambaNova (US); Anupam Datta, co-founder, President and Chief Scientist, TruEra (US); Apurva Kalia, Senior Researcher, Tufts University (USA), and others. 

The cohort will also have a fundraising opportunity through a dedicated Demo Week to pitch leading VC funds, angel investors, and industry leaders.

“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, ” Vaishali Kasture, Director of AWS India and South Asia at Amazon Web Services India Pvt. Ltd, said.