Tribe and Digital Industry Singapore (DISG), a joint office of the Economic Development Board, Enterprise Singapore and Info-communications Media Development Authority, has collaborated with global chipmaker NVIDIA to launch a global AI startup accelerator in the island nation.
Called Ignition AI Accelerator, the initiative will focus on enhancing AI value discovery, creating a vibrant ecosystem for AI startups and pushing the boundaries of AI’s capabilities.
Also Read: AVPN, Google.org launch US$15M fund to equip workers in APAC with AI skills
With an initial combined investment of US$3 million, the four-month programme will launch with a cohort of 15 high-potential startups. It has been designed to prepare participating startups with the foundational capabilities to ensure their AI projects are launch-ready.
As part of Ignition AI Accelerator, NVIDIA and Tribe will collaborate with Enterprise Singapore to offer qualified AI startups funding support through the Startup SG Tech scheme. This collaboration will tap into Tribe and NVIDIA’s expertise to expediently assess selected high-quality AI startups that can leverage Startup SG Tech funding for technology development and business growth.
In addition, the initiative will provide a series of training workshops to help startups enhance their core AI-building capability. These workshops will cover the full AI stack, from GPU to application-layer development framework.
The programme will also provide opportunities to bridge the gap between startups and potential investors, including corporations, VCs, and private investors.
Additionally, NVIDIA and Tribe will assist them through the IMDA accreditation process to help them establish credentials and position themselves as qualified contenders for government projects and large enterprise contracts, ultimately accelerating their global market access.
Applications to the Ignition AI Accelerator are open for founders of new startups and for AI leads of existing startups.
Ng Yiming, CEO of Tribe, said: “The current surge in AI adoption reflects a strategic imperative for businesses across industries. Companies are leveraging AI to achieve operational excellence, reduce capital expenditures, and unlock new growth avenues. However, a proactive approach to fostering ground-up innovation becomes crucial to fully capitalise on these benefits and remain resilient in a volatile economic climate. Tribe is excited to embark on this journey with NVIDIA and DISG. Together, we believe we can channel resources to startups, accelerating the development of AI solutions and fostering deeper industry integration throughout the process.”
Also Read: From Amazon to AI: How GenAI Fund fuels innovation in SEA through a unique model
The AI market in Singapore is poised for significant growth, with projections indicating it will surpass US$1 billion by year-end 2024. This momentum is expected to continue, with a CAGR of 28.1 per cent, translating to a market volume of US$4.6 billion by 20301. The accelerator will capitalise on immense global opportunities within the AI landscape.
—
The post Tribe, DISG, NVIDIA join forces to launch AI accelerator in Singapore appeared first on e27.