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At Microsoft, we understand the incredible potential of AI and the critical role startups play in shaping and becoming the companies of tomorrow. Today, we are pleased to announce our support for Alt Capital’s Generate program. The program provides startups with a new accelerator (released in May) the opportunity to innovate and grow with access to cutting-edge AI tools on the Microsoft platform.
Alt Capital is unique in its dedication to B2B solutions, an area where Microsoft expertise can truly add value. This partnership provides us with a great opportunity to further strengthen startups specializing in B2B AI solutions, foster innovation and accelerate the growth of this important sector.
“We’re excited to partner with Microsoft on the new Generate program. Of course, it’s great to bring additional financial resources to Generate companies, but more importantly, as a global leader in both AI and B2B software, We are excited about the expertise, network and distribution they represent,” said Jack Altman of Alt Capital. Former CEO of Lattice.
Applications are currently being accepted for the Alt Capital Generate program. Selected participants will receive:
- $250,000 investment, no limit (MFN secure)
- Get up to $350,000 in Microsoft Azure credits, including free Azure AI infrastructure, plus priority access to high-end GPU virtual machine clusters and Microsoft Go-To-Market support.
- Opportunity to learn from great advisors and visiting partners.
- Networking and development opportunities, including customer development events, recruitment days that connect startups with top talent, and investor days that facilitate connections with high-quality investors.
- The application deadline is May 5, 2024, and the program is scheduled to start on May 27.
In November, Microsoft for Startups announced the availability of Azure AI infrastructure for high-end GPU virtual machine clusters that can be used to train and run large-scale language models and other deep learning models. Since making these resources available, we have gained access to Y Combinator, M12, AI Grant Fund, Alchemist Accelerator, Conviction, The House Fund, Open AI Startup Fund, Neo, AI investor Elad Gil, and today Alt Capital. Expanded.
We recognize the challenges early-stage startups face in building the technical infrastructure needed for AI development. These hurdles, such as securing computing resources and establishing a scalable architecture, can be costly and complex. By providing access to cutting-edge technology and infrastructure, we aim to accelerate the development of the next generation of breakthrough companies, drive positive change, and shape the future of AI.