MTS AI’s INTEMA Joins NVIDIA Inception VC Alliance to Invest in AI Startups
December 15 2021 - 8:00AM
Business Wire
INTEMA by MTS AI is pleased to announce that its AI accelerator
programme for education has today become a member of the NVIDIA
Inception VC Alliance, an association of 200 leading venture funds
and investors that has been established by NVIDIA to support the
growth of startups across fields ranging from AI, data science, and
high-performance computing. The collaboration will enable INTEMA to
invest in a potential pool of more than 9,000 of NVIDIA’s Inception
programme startup members, a group which comprises high-potential
AI startups from all over the world. Additionally, the
collaboration opens up access to mentor support and the online
resources of NVIDIA’s Deep Learning Institute for INTEMA’s investee
and portfolio companies.
The acceleration of AI startups is one of INTEMA’s investment
strategy tools. INTEMA by MTS AI is a business group for developing
AI technologies, it is an AI acquisition and investment vehicle
that encompasses MTS AI’s $100m VC fund, accelerator and venture
studio. The priority of the INTEMA accelerator programme is to find
the best AI teams and bring together promising businesses, young
researchers, visionaries, designers, and business customers for AI
tech to give them every possible tool to boost the AI sector and
build a pipeline of next generation AI products.
The accelerator offers founders smart money: monetary investment
that is coupled with access to cutting-edge technologies and
computing power, as well as deep technical and business expertise
through INTEMA’s world-class AI experts including mentors from
leading tech companies such as Google, PayPal and Shazam. Founders
are able to access investments amounting to $100,000 per project,
with the most successful projects being eligible to apply for an
additional investment package of up to $500,000 from an INTEMA
investment fund.
Through their collaboration, INTEMA and NVIDIA Inception will
share information about their startup members which will strengthen
INTEMA via advertising for the accelerator programme, lead
generation, trend watching and new technologies. Similarly, NVIDIA
Inception will benefit from a new avenue to present their
technologies for new startups. The collaboration will also grant
residents of the INTEMA acceleration programme with access to
online training courses offered by the NVIDIA Deep Learning
Institute, including dozens of courses in some of the fastest
growing AI segments: video analysis, processing and classification
of medical images, deep learning, predictive analysis in
healthcare, robotics, manufacturing, and other areas. In turn,
members of the VC Alliance will be given a chance to participate in
a demo day hosted by the INTEMA acceleration programme and become
co-investors in selected startups. Moreover, NVIDIA visionaries
will join the INTEMA accelerator’s roster of expert mentors.
INTEMA is focused on AI startups in fields such as computer
vision, natural language processing, edge computing, biometric user
identification, behavioral and predictive analysis, image
recognition and processing, while NVIDIA Inception supports all
cutting-edge startups. By working together both companies are able
to tap into deeper pools of prospective AI talent.
“Investors need in-depth expertise in project evaluation,
especially for projects at early stages. We want to become a
quality filter and seal of excellence for the market and for
investors to invest in companies that completed our acceleration
programme, and co-invest with us in later stage projects,” said
Alexey Posternak, Chief Financial and Investment Officer at MTS
AI and Managing Partner of INTEMA.
“INTEMA by MTS AI is a welcome addition to the VC Alliance
through NVIDIA Inception. This relationship supports our efforts to
help promising startups during critical stages of development as
they build and deliver more efficient AI solutions for global
businesses and customers,” said Mathew Torgow, Head of NVIDIA
Inception VC Alliance.
About INTEMA: INTEMA by MTS AI is a business group with a
focus on developing artificial intelligence technologies. INTEMA
seeks to bridge business and developers of AI technologies and lend
them support in developing their innovative AI products. Startup
founders get a variety of tools, including financial contribution
amounting to $100K per project, networking, access to cutting-edge
technologies and computing power, and expertise of mentors –
experts from leading IT businesses. The best projects may be
eligible for extra investment of up to $500K from INTEMA’s
fund.
MTS AI is a worldwide company for the development, acceleration,
and commercialization of AI solutions owned by MTS PJSC (NYSE: MBT,
MOEX: MTSS). MTS AI is working on a variety of solutions based on
computer vision technologies, including a natural language
recognition and speech synthesis system, as well as a platform for
creation voice robots and smart assistants. For more information,
visit https://intema.ai/about-us/.
About NVIDIA: NVIDIA‘s (NASDAQ: NVDA) invention of the
GPU in 1999 sparked the growth of the PC gaming market and has
redefined modern computer graphics, high performance computing and
artificial intelligence. The company’s pioneering work in
accelerated computing and AI is reshaping trillion-dollar
industries, such as transportation, healthcare and manufacturing,
and fueling the growth of many others. More information at
https://nvidianews.nvidia.com/.
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MTS AI: Ksenia Borovikova |
Head of PR M: +7 (963) 689-12-12 k.borovikova@mts.ru
Tancredi Intelligent
Communication: Helen Humphrey T: +442034342321 M:
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Salamander Davoudi T: +442034342334 M: +447957549906
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