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At Microsoft, we perceive the unbelievable potential of AI and the very important position that startups play in shaping and turning into the businesses of the long run. Immediately, we’re excited to announce our assist of Alt Capital’s Generate Program that can supply startups of their new accelerator (launching in Might) the chance to innovate and develop with entry to leading edge AI instruments on the Microsoft platform.
What units Alt Capital aside is its devoted concentrate on B2B options—a subject the place Microsoft’s experience can actually add worth. This partnership presents an distinctive alternative for us to additional empower startups specializing in B2B AI options, fueling innovation, and fostering development on this necessary sector.
“We’re thrilled to be partnering with Microsoft on the brand new Generate program. After all, it’s nice to convey the extra monetary assets to Generate corporations, however extra importantly we’re excited for the experience, community, and distribution they characterize as a world chief in each AI and B2B software program,” Jack Altman, Alt Capital, Former CEO, Lattice.
Purposes are actually open for the Alt Capital Generate program, the place chosen individuals will obtain:
- A $250,000 funding, uncapped (MFN SAFE.)
- Free Azure AI infrastructure together with as much as $350,000 in Microsoft Azure credit together with most popular entry to high-end GPU digital machine clusters and Microsoft Go-To-Market assist.
- The chance to study from a stellar lineup of advisors and visiting companions.
- Networking and improvement alternatives, together with buyer improvement occasions, a hiring day connecting startups with high expertise, and an investor day to facilitate connections with high-quality buyers.
- The deadline to use is Might fifth, 2024, and this system is scheduled to begin on Might twenty seventh.
In November, Microsoft for Startups introduced the provision of Azure AI infrastructure for high-end GPU digital machine clusters to be used in coaching and working giant language fashions and different deep studying fashions. Since we made these assets obtainable, we’ve expanded entry to Y Combinator, M12, AI Grant Fund, Alchemist Accelerator, Conviction, The Home Fund, Open AI Startup Fund, Neo, AI investor Elad Gil, and immediately, Alt Capital.
We acknowledge the challenges that early-stage startups face in constructing the mandatory technical infrastructure for AI improvement. These hurdles, together with securing computing assets and establishing scalable structure, may be each expensive and complicated. By offering entry to cutting-edge expertise and infrastructure, we goal to speed up the event of the subsequent era of groundbreaking corporations, drive constructive change, and form the way forward for AI.
