IIMA Ventures (formerly IIMA-CIIE) has announced its partnership with Google for Startups to launch the first cohort of AI Academy India 2024.
The program aims to help early-stage startups harness Artificial Intelligence (AI) and address global challenges across sectors like healthcare, climate, agriculture, education, financial inclusion, and infrastructure.
Supported by MeitY Startup Hub, the first cohort included 22 startups for practical training, expert mentorship, access to Google’s AI technologies, up to $350,000 cloud credits, and the opportunity to network with world-class companies. With the AI market in India projected to reach USD 7.8 billion by 2025 and potentially add $500 billion to the gross domestic product (GDP), the focus on AI is crucial for scalable, impactful solutions.
These startups are addressing diverse challenges: in education, with AI-powered ERP, LMS, and CRM systems; in climate change, with a social marketplace for electric vehicles; in fintech, with AI tools to simplify loan and insurance documents; and in healthcare, with AI-driven collaborative platforms to streamline business processes.
Followed by its launch in Gujarat, AI Academy India 2024 will also be held in 6 other cities across India in partnership with Kerala Startup Mission, T-Hub & MATH, IHFC-IIT Delhi, NSRCEL IIM Bangalore, SINE IIT Bombay, IIT Madras Incubation Cell along with Nasscom AI and People plus ai.
“We are proud to partner with Google for Startups to host the AI Academy India Bootcamp in Ahmedabad. This initiative perfectly aligns with our regional incubation mission to foster innovation and entrepreneurship. The boot camp has provided 22 promising startups from Gujarat with invaluable resources, including access to cutting-edge AI technologies and expert mentorship. We look forward to hosting more such programs to strengthen the startup ecosystem in Gujarat,” said Vipul Patel, Partner, Seed Investing, IIMA Ventures.
