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University of Edinburgh Seeks Applications From AI Innovators

The University of Edinburgh’s AI Accelerator program is now seeking innovative, technology-driven scaleups to be part of its eighth cohort.

Aimed at Scottish as well as international companies, the program supports emerging businesses whose proposition is built on Artificial Intelligence (AI) helping develop and fully maximise their commercial potential.

A cohort of up to 16 companies, all of which place a strong focus on ‘AI for good’ to deliver societal benefits in key areas including health and wellbeing, social care, and the climate challenge will be selected with the programme running from September until March 2025.

Applications for this year’s AI Accelerator, open to scalable, incorporated businesses with high growth potential, must be submitted by 19 May. Prior to the deadline, the University will stage an online information session for potential applicants on 23 April followed by an in-person session on 3 May.

Participants will benefit from support aimed at helping them achieve global growth for their companies with discussions on investment strategy development and direct engagement with potential investors. Along with some financial support, newly accepted cohort companies will also be given the opportunity to scale their business through workshops covering a range of commercialisation issues from product pricing to leadership.

Now at its fifth year, the AI Accelerator has supported a wide range of companies to develop from startups to globally focused businesses. These include climate monitoring solution provider, Space Intelligence; Inicio.AI, a technology-driven start-up which makes debt management processes more efficient and accessible for businesses.; and Edinburgh-based cancer research business Carcinotech, which raised over £4m in January to further develop its 3D-printed micro-tumour technology.

Since the inception of the AI Accelerator in 2018, these and other participant companies have gone on to secure over £67m through a combination of external investment and grant funding awards.

The 2024 program will be once again delivered both digitally and in-person by University of Edinburgh’s Innovation Hub for Data Science and Artificial Intelligence, the Bayes Centre, and in partnership with Edinburgh Innovations, the University of Edinburgh’s commercialisation service. The program is delivered on behalf of all the university’s Data-Driven Innovation Hubs.

Among the cohort companies which participated in the most recent AI Accelerator were MySmash Media, a platform which connects film and TV content creators with commissioning decision-makers; Bennu.ai, developer of a smart bin which sorts waste automatically for a net zero circular economy; and Dyneval, a life sciences business focused on improving male reproductive health.

VCWire

22/04/2024