SUNNYVALE, Calif., Sept. 15, 2021 /PRNewswire/ -- Plug and Play
the largest global innovation platform in the field of Artificial
Intelligence, and international accelerator and investment platform
INTEMA (Intelligent Machines) launched by AI subsidiary of
MTS, largest telecom operator in Eastern
Europe (NYSE: MBT, MOEX: MTSS), have commenced a partnership
that will see INTEMA and Plug and Play's global ecosystem
development, leveraging the platform to support its comprehensive
digital transformation strategy in the field of Artificial
Intelligence.
The collaboration with Plug and Play will allow INTEMA by MTS AI
to expand the number of global AI startups to be included in the
accelerator program which provides access to international
expertise in Artificial Intelligence and possible investment
opportunities.
Plug and Play, headquartered in Silicon Valley, is renowned for
connecting startups, corporations, and investors throughout the
world to help them to collaborate and scale together. Plug and
Play's global ecosystem across the United
States, Frankfurt,
Amsterdam, Milan, Paris,
Abu Dhabi, Barcelona, Shanghai, Singapore, and Tokyo encompasses over 40,000 startups and 500
official corporate partners. In 2020 alone, 2,065 projects were
accelerated in Plug and Play.
INTEMA by MTS AI accelerator aims to select best global startups
and coach the teams in key areas including technology, product,
marketing and sales expertise. As part of the partnership, Plug and
Play experts will become mentors in INTEMA acceleration program and
share their experience with the participants in the training
program to enhance their knowledge, skills and capabilities in
order to help them scale their businesses and foster the creation
of cutting-edge AI solutions. INTEMA by MTS AI accelerator also
welcomes AI experts from leading technology companies such as
Samsung, Shazam, Apple, Intel, Nvidia and others to work with its
accelerator startups and provide mentorship.
Each accelerator program participant will receive this expert
guidance alongside up to $100,000.00
in early-stage funding from INTEMA. They may also be included in
INTEMA fund pipeline which recently made its first investment of
$10 million in San Diego-based startup Kneron that makes AI
chips (among its investors are Foxconn, Qualcomm, Sequoia and
Horizon ventures).
"In the realm of artificial intelligence, we are building a
full-cycle system for dealing with ideas, projects, and products.
The collaboration with Plug and Play will strengthen our efforts in
this process: we seek for potential teams all around the world,
support AI solution developers, and take their products to the next
level. Going forward, we plan to continue investing in promising
AI-focused teams and technologies as part of our venture fund,
corporate accelerator, and venture studio," – said Alexander Khanin, Head of the MTS AI
Center.
"We see soaring demand from investors for products and startups
in AI. Experts claim AI to be a major game changer in the upcoming
years. We select the best AI teams from all over the world to
boost them with our expertise and resources. Our mentors and
experts work with leading global tech companies, our team has a
solid background investing in tech companies. We give our portfolio
companies computing powers of our top tier superpod for free. The
mission of our accelerator backed by AI focused VC fund is to give
companies and startups an elevator ride so they could disrupt
industries with their tech. We are sure that Plug & Play is a
great partner for that," - said Alexey
Posternak, Chief Financial and Investment Officer at MTS AI
Center.
"Serving one of the leading AI global platforms is a great honor
for Plug and Play. We are excited to explore the Russian
telecommunications market as well with an in-depth approach to be
able to drive innovation forward. At Plug and Play we are convinced
that established corporations that connect and cooperate with
best-in-class startups prosper under the possibilities these
collaborations offer to them. The partnership with INTEMA by MTS AI
promises to be of great value for both sides when it comes to
creating growth opportunities, exploring new markets and
accelerating innovation measures," – said Saeed Amidi, CEO Plug and Play
"We're thrilled to work with INTEMA by MTS AI platform and
expand the possibilities for our startups to do business and expand
in new countries. INTEMA by MTS AI will be a key factor to our
sourcing efforts and we are aligned internally to engage with
startups from a business development and investment capacity. This
will better serve MTS AI clients and help them achieve growth,"
said Alfredo Gomez, Partnerships
Manager at Plug and Play.
About INTEMA by MTS AI
INTEMA by MTS AI is a worldwide
platform for the development, acceleration, and commercialization
of AI solutions owned by AI subsidiary of PJSC MTS (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.
INTEMA by MTS AI is a startup accelerator that focuses on AI-based
projects with a solid idea, solution prototype, and development.
INTEMA r Venture Fund seeks late-seeding A and B series companies
in the worldwide market with strong potential for further expansion
in the B2B and B2C categories.
For more information, visit https://aicenter.mts.ru
About Plug and Play
Plug and Play is the leading
innovation platform, connecting startups, corporations, venture
capital firms, universities, and government agencies. Headquartered
in Silicon Valley, we're present in 35+ locations across five
continents. We offer corporate innovation programs and help our
corporate partners in every stage of their innovation journey, from
education to execution. We also organize startup acceleration
programs and have built an in-house VC to drive innovation across
multiple industries where we've invested in hundreds of successful
companies including Dropbox, Guardant Health, Honey, Lending Club,
N26, PayPal, and Rappi. For more information, visit
https://www.plugandplaytechcenter.com/
Notes To Editors:
Founders of any projects in the
field of artificial intelligence can apply for participation in the
MTS AI acceleration program. Applications are accepted until
October.
Tancredi Intelligent Communication
Helen Humphrey
T: +442034342321
M: +447449226720
helen@tancredigroup.com
Salamander Davoudi
T: +442034342334
M: +447957549906
salamander@tancredigroup.com
Julia Usenko
PR manager MTS AI
Phone: +7 (912) 8257112
E-mail: ymusenko@mts.ru
Alfredo Gomez Soria
Corporate Partnerships Manager
Phone: +49 (0) 15157674901
E-mail: alfredo@pnptc.com
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SOURCE Plug and Play