Social media giant Facebook is inviting applications for the second edition of the “India Innovation Accelerator” programme in partnership with global startup catalyst T-Hub, the company announced on Friday.
“We are excited to partner again with Facebook and work with some of the best startups in India in AI for social good space,” said Ravi Narayan, CEO of T-Hub.
In the very first edition of “India Innovation Accelerator“, the duo accepted nine startups out of 20 shortlisted applications for a three-month program. The startups belonged to different sectors including healthtech, industrial manufacturing, human resources, education, and corporate learning.
The second edition of the program is focused on identifying and empowering the most innovative startups in the AI-based solutions segment.
“With the second edition of the India Innovation Accelerator programme, we want to help build the ecosystem for AI in India and support startups with the resources and opportunities,” said Satyajeet Singh, Head of Platform Partnerships, Facebook India and South Asia.
The “India Innovation Accelerator” program will support a cohort of startups working in the artificial intelligence sector. The startups should be working on solutions related to empowerment, agriculture, healthcare, education, climate change, resilient cities, and women-focused problems.
The selected startups will be provided with technical expertise, mentorship, and training by Facebook. They will also get free access to a suite of products and services as well as experts within the company. They will also get access to T-Hub’s network of mentors, industry experts, service providers, and investors.
Startups can present their pitch to investors on Demo Day and may end up raising funds at the end of the program. To meet the minimum eligibility criteria of the programme, the startups should have at least one full-time employee with some initial market traction.
The program will only accept a product or service that provides a functionality/capability that is not currently available in any off the shelf product, or a functionality/capability that can be demonstrated to possess a significant advantage over current offerings in some aspect.
Startups with product or service that represents original ideas wholly owned with the freedom to use or is licensed by the team can also apply for the program. The startup’s team should be based in India, and working to serve the Indian market; teams aren’t limited to working in India but must have customers in India.
The application deadline is 2 June 2019. Startups can apply by visiting this link.