Published On: Wed, Apr 12th, 2017

Europe’s Rockstart accelerator launches an AI track

Netherlands-based accelerator module Rockstart, that focuses on assisting startups by their initial 1,000 days, has launched a new straight program for artificial comprehension startups — touting it as Europe’s initial AI-focused accelerator.

The AI module will be usurpation applications from subsequent month, and Rockstart says it will pick ten startups for a six-month program, that will embark in September. Teams will be formed in s’Hertogenbosch.

Rockstart has been accelerating startups given 2012, and is corroborated by partners including Google, Amazon and IBM. It says a new AI lane will be upheld by mentors and partners including a locally-based Jheronimus Academy of Data Science (JADS).

There’s no specific attention concentration for a module — with a thought being to attract AI startups from a operation of industries. “We consciously motionless not to slight it down in sequence to have startups from opposite industries operative underneath one roof — that’s, in my opinion, where creation mostly comes from,” says a spokesman.

“We indeed have seen a series of startups with AI during their core in a other programs over a past integrate of years. With this new program, we wish to be means to supplement some-more value for startups like those by delivering applicable tech/business expertise, knowledge, and partnerships,” he adds.

The preference criteria for a AI lane will be the same as for Rockstart’s other programs.

“We’re looking initial of all during a team, and afterwards during a product/idea and either it’s indeed demanded by a particular industry. If all we have is a hammer, all looks like a nail, so one of a goals is to equivocate contracting a record for a technology’s sake. In a preference routine we’re going to focus, among other things, on either AI is unequivocally a best resolution for a problem a startup is perplexing to solve,” a spokesman tells TechCrunch.

Startups supposed for a program will accept €20,000 money and €80,000 of “in-kind funding”, bureau space in Den Bosch for a duration, and support from mentors from applicable industries, as good as some-more than 50 perks and deals (billed as value some €600,000) from module partners.

Named mentors for a AI lane include Dr Eric Postma, highbrow during JADS; Jasper Wognum, a owner of BrainCreators; Dr Mykola Pechenizkiy, highbrow during Eindhoven University of Technology; and Christoph Auer-Welsbach, partner during IBM Ventures and initiator during City.AI.

Rockstart says it expects to take a 6 percent interest in startups entering a module — after they’ve lifted their subsequent turn of funding.

Last month US formed startup hothouse bureau Y Combinator also launched a dedicated AI track. So while all startups will expected be AI startups in a future, there are dedicated accelerator programs springing adult to block a opening in a meanwhile.

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