Aims to Provide Management, Financial Support and Insights into How to Scale up Promising Startups
Leading AI company SingularityNET, whose decentralized platform lets anyone create, share, and deploy AI services at scale, announced it has launched “SingularityNET X-Lab” Blockchain AI Startup Accelerator that aims to foster and support promising entrepreneurial teams specialising in the development and application of cutting-edge technologies at the intersection of AI and blockchain.
SingularityNET X-Lab will provide successful applicants with financial backing through AGI tokens to access its AI ecosystem as well as mentorship from senior members of the team. The accelerator will also offer guidance to ventures aiming to raise funds and support for their tech and AI development needs. Startups located in the Pearl River Delta Region will be offered office space and on-the-ground support in SingularityNET’s Hong Kong headquarters; however, the program is global in scope and not restricted to Hong Kong area startups. Teams located elsewhere will have the option to visit SingularityNET’s Hong Kong office for 2-3 months as they look to build up their projects to scale on the SingularityNET platform and leverage SingularityNET’s connections in the Greater China ecosystem.
The establishment of the accelerator aims to foster a broader AI ecosystem and develop an environment where creative ideas can be assessed and supported both in terms of management expertise and financial backing. SingularityNET aims to expand its market share in terms of the type of AI services that are being deployed and build a broader community that is willing to support AI entrepreneurs through the considerable commercial, logistical and managerial challenges their ideas will face.