Google and EnterpriseSG’s Gen AI Accelerator Revolutionises Singapore’s AI Landscape

TL;DR: Singapore AI accelerator

• Google Cloud and EnterpriseSG launch Gen AI Accelerator to support 100 generative AI startups in Singapore over three years.
• Startups receive access to cutting-edge AI technology, expert guidance, and generous financial support.
• Singapore’s AI ecosystem thrives with over 800 startups, positioning the country as a global AI hub.

Empowering AI Startups in Singapore

A groundbreaking initiative has taken shape in Singapore’s AI landscape, as Google Cloud and EnterpriseSG join forces to propel 100 generative AI startups towards commercial success. This powerful alliance aims to equip promising ventures with the tools and resources they need to flourish over the next three years.

Access to Cutting-Edge Technology and Expert Guidance

At the core of this initiative, startups will gain access to Google Cloud’s advanced AI technology, including pre-trained generative models. They will also benefit from expert guidance from Google’s product development teams, AI engineers, and partners like Alpha JWC Ventures and Red Dragon AI.

Financial Support and Resource Allocation

Upon graduation, each participant will receive a generous US$350,000 credit for Google Cloud services, fueling their ascent to the next level.

Further financial support awaits through EnterpriseSG’s Startup SG Tech grant, offering up to S$250,000 for proof-of-concept and S$500,000 for proof-of-value stages.

Fostering a Dynamic Ecosystem

The program’s role emphasises in creating a unique ethos of innovation and collaboration:

“Working closely with these companies, we gain insights into their challenges, allowing us to refine our products and infrastructure to better serve their needs.” Bok Thye Yeow, Head of Startup Ecosystems at Google Southeast Asia

Singapore’s Thriving AI Landscape

Singapore’s AI ecosystem is already flourishing, with over 800 startups in 2021 and an impressive 18% annual growth rate since 2018. The Gen AI Accelerator, along with AI Trailblazers 2.0 and the Skills Ignition SG program, further cements Singapore’s position as a global AI hub.

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