This is an acceleration program specifically designed for Vietnamese artificial intelligence (AI) start-ups with innovative ideas and products that address the practical needs of the market.
The AI Accelerator Challenge 2021, themed “AI in pandemic – Adapting to the new normal”, has been organised with the goal of identifying, incubating, promoting and developing potential AI-powered applications in numerous fields such as finance, commerce, electronics, telecommunications, manufacturing, agriculture, healthcare, education, transportation and smart city.
Participants will have the opportunity to undertake a four-week online training course, after which the top five teams will be awarded prizes including a service support package worth VND 500 million, a business promotion and mentoring course worth VND 200 million and up to VND 200 million in seed investment with no equity required.
Running from February to August 2021, the program is open for registration until midnight on 25 March 2021. Interested candidates can find more detailed information and apply at https://ai.vsvfoundation.com/
The program will assist Vietnam’s economic recovery from the COVID-19 pandemic, as well as helping to foster the development of a vibrant AI start-up environment.
“Vietnam should be very proud of its successes in tackling COVID-19”, said H.E Mr Andrew Barnes, Australian Chargé d’ Affaires to Vietnam. “Through sponsoring programs to promote innovative applications using artificial intelligence, Australia is demonstrating its strong commitment to assisting Vietnam overcome the COVID-19 pandemic, supporting economic recovery and strengthening its innovation system.”
“We are proud to be a part of this program,” Ms Thach Le Anh, Founder of VSV Foundation said. “The AAC 2021 will not only allow Vietnamese AI start-ups to receive mentoring from top AI technology experts, but also support them with business development and fund raising, including by raising capital from angel investors and leading domestic and foreign venture capital funds. The start-ups will be able to raise up to VND 2 billion after the program ends.”
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