Recruitment begins as university AI program enters 5th year

Now in its fifth year, the university's AI project has announced that it is seeking new applicants for the programme, which has seen previous participants receive more than £65 million in funding.

The University of Edinburgh's AI Accelerator Program supports start-ups based on artificial intelligence (AI).

In addition to financial support, successful candidates will also be provided with digital and in-person workshops covering a range of commercialization issues.

The 16 selected companies will receive investment support from September to March.

Companies that have previously taken part in the program have won more than £65m.

Fiona Gillies, CEO and Co-Founder of MySmash Media said: “Her six months on the AI ​​Accelerator program had a huge impact on our company, helping us identify and further develop commercial opportunities to enter new markets.

“In addition to high-quality mentorship and guidance, this program also opens the door to potential investors and provides an important funding channel for scaling AI-driven businesses like ours. It was helpful.”

Professor Ruth King, Director of the Bayes Center at the University of Edinburgh, said: “We are pleased to be entering our fifth year of the AI ​​Accelerator program, which helps AI-driven companies further commercialize their propositions and become world leaders in their fields.”

“We are proud to have supported the growth of over 80 companies by providing mentorship and guidance, while opening up access to new networks to help secure funding and investment.

“AI is increasingly a disruptive technology that will impact every aspect of our lives. The University of Edinburgh has been recognized as a world leader in AI research for over 60 years.

“We understand the importance of harnessing this technology in an ethical and trustworthy way to deliver social and economic benefits. Leveraging AI to address major societal challenges We look forward to receiving innovative and ambitious scale-up applications from across Scotland and around the world.”

Application deadline is May 19, 2024.

Follow STV News on WhatsApp

Scan the QR code with your mobile device to get all the latest news from around the country