Hyderabad: In continuation of its 2020 Year of AI initiative, the Telangana government had launched the Telangana AI Mission (T-AIM) powered by Nasscom and as part of the T-AIM an accelerator programme called Revv Up has been launched on Monday to enable and empower AI startups. The programme that will begin its first cohort in July is another step towards making Telangana and Hyderabad as a global destination for AI and other emerging technologies. The accelerator programme, exclusively designed for growth-stage AI startups, will cover various sectors.
Telangana Industries and IT principal secretary Jayesh Ranjan said, “Telangana is committed to its vision of positioning the State as the leader in AI. After becoming the first State in India to launch an actionable policy framework for Artificial Intelligence in June 2020, now we are happy to set in motion the first edition of the Revv Up accelerator programme to hone innovative AI ideas under T-AIM. This accelerator will be a torchbearer for future AI accelerators in the country, and we are excited that Nasscom will execute the envisioned strategy of T-AIM to identify and promote innovative and impactful AI solutions to solve real-world problems.”
The Revv Up accelerator will provide the opportunity for startups to solve tough business problems in collaboration with government and industry. Selected startups will receive mentorship from industry experts, and technology and IP support to build a scalable business around their AI-based product or offering. The programme is aimed at growth-stage AI startups that are based in Hyderabad or intending to set up their facility in the city.
Nasscom president Debjani Ghosh said, “Congratulations to the T-AIM team for the launch of the Revv Up accelerator programme for AI Startups. Nasscom shares a close partnership with the State of Telangana for driving AI adoption and innovation through T-AIM, and the Revv Up accelerator programme will provide the much-needed impetus for AI startups in the State and startups in other locations to build innovative AI solutions for government, industry and citizens.”