€250k up for grabs for promising AI entrepreneurs

Alsessor AI Accelerator Programme supports early-stage start-ups by investing up to €250,000 in one of the participating companies.

Alsessor AI Accelerator Programme supports early-stage start-ups by investing up to €250,000 in one of the participating companies 

Artificial intelligence (AI) businesses have until 21 January to apply to take part in the Alsessor AI Accelerator Programme, a partnership between Cork tech firm Altada and Tangent, Trinity College Dublin’s Ideas Workspace.

“Having scaled Altada from a team of nine in November 2019 to a team of 100 in 10 locations in 2021, we know Alsessor will take your company to the next level”

The accelerator will run for five months starting in February and will award up to €250,000 by investing in the company considered to have greatest commercial and AI potential.

Supporting AI entrepreneurs

Alsessor AI was co-founded in November 2020 by Altada and Tangent with a mission to support AI entrepreneurs.

Throughout the five months, which is the length of the program, Altada executives and leadership from Tangent, among others, provide global early-stage AI start-ups at prototype or proof of concept phase with exposure to domain expertise, mentorship, masterclasses and workshops. At the conclusion of the programme, each company will present their business concept before a panel of expert judges.

“Having scaled Altada from a team of nine in November 2019 to a team of 100 in 10 locations in 2021, we know Alsessor will take your company to the next level, the program is designed to validate the AI technology, assess commercial viability and drive investor readiness,” said Altada co-founder and chief legal and people officer Altada Niamh Parker.

“I personally look forward to working with the program participants and welcome all companies who are discovering new and exciting applications of AI to apply”

Ken Finnegan, Tangent’s CEO, Trinity’s Ideas Workspace said the value and benefit for early-stage start-ups participating in this world class accelerator is enormous.

“The selected teams will have access to funding, the best minds across industry and academia to progress their organisation and also access to a network of supports. Artificial Intelligence is changing the way we work and live, Tangent is proud to drive and support the next generation of cutting-edge companies.”

Sohini De, the founder of Empeal, said Alsessor had been “an amazing experience, it is very intense but that means it helps you not only get product and customer ready, but also gives you practical experience that the participating companies need at their current stages. We will be spending the money to bring our AI development to the next level with scaling, security, automation and big data analytics in mind.”

Field of Vision, a haptic technology that gives football fans an immersive in-game experience, received the €50,000 Innovation award.

Alsessor AI Accelerator Programme is now accepting applications for its 2022 accelerator program. Companies can request an application by filling out the form at https://alsessorai.com. Applications are open until 14th January 2022.

John Kennedy
Award-winning ThinkBusiness.ie editor John Kennedy is one of Ireland's most experienced business and technology journalists.

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