Intel Ignite Expands Startup Acceleration Program to Boston
October 18 2022 - 9:00AM
Business Wire
Intel’s work with deep tech startups is
fostered by an open ecosystem to open doors, elevate future leaders
and accelerate innovation.
What’s New: Intel has expanded its Ignite acceleration
program for early-stage deep tech startups to now include the
United States in Boston, alongside existing programs in Tel Aviv,
Israel, and Munich, Germany. Developed as an acceleration program
for early-stage deep tech startups, Intel Ignite has graduated
nearly 100 young companies from the program.
“We have more than 600 startups apply for
each cohort globally, about 50 are chosen as finalists – and of
those, only 30 make it into the program. We put Intel’s experience
and access to work for these deep tech startups to find their
product-market fit, provide validation and credibility to their
solution, offer access to markets and customers, and, eventually,
enhance their valuation to support their fundraising goals.” –Tzahi
Weisfeld, Intel vice president and general manager of Intel
Ignite
Why It Matters: Intel is committed to being the platform
of choice for future technologies. The Ignite program supports
disruptors on their technology journey. Together, Intel and Ignite
program participants contribute to the future of technology.
Mentorship is at the heart of the Intel Ignite program. Intel
pairs startup founders with serial entrepreneurs, business leaders
and technical experts with deep subject matter expertise and a
commitment to developing world-changing technology. Carefully
selected based on their expertise, mentors dedicate significant
time and energy to the program and often develop long-term
relationships with the teams they advise.
The intention is to deliver value to future leaders by
leveraging the full breadth and depth of Intel’s reach, scale and
resources to support a path to their success. In addition to
mentorship and resources, Intel’s global network has led to more
than $1 billion in funding across the portfolio of participating
Ignite startups.
"Boston is a natural launch location for Intel Ignite because it
is highly ranked as one of the top U.S. cities for startup
quality,” said Mark Castleman, managing director for Intel Ignite
in Boston. “Startups in the Boston area also tend to be highly
focused on deep tech, which makes sense due to the close proximity
of many of the most advanced technical universities in the U.S. And
although we are centering certain activities in Boston, the program
is adaptable and we are accepting deep tech companies from across
the U.S., so all top disruptors should apply.”
Why Boston: Boston is ranked as the No. 4 leading startup
environment in the U.S. (one example: StartupBlink 2022 survey).
Home to some of the most advanced deep tech universities in the
U.S., Boston is an ideal location for expanding the Intel Ignite
program in the U.S. The Boston program will serve the whole U.S.
startup ecosystem.
How Intel Ignite Works: First launched in 2019, the Intel
Ignite program supports founders who have set out to shape the
future of technology. Participants take part in a 12-week program
and connect with global business and technology leaders to receive
customized support, accelerate research and development, and
develop a path to increase reach and influence.
The program is focused on critical aspects of early-stage
startup growth and led by industry-leading experts from both inside
and outside Intel to play the role of experienced program mentors
and empower teams to explore big ideas in a collaborative
environment.
More Context: Intel Ignite website | Intel Ignite’s
Startup Accelerator Program: Co-Creating the Future With Startups
(Video)
About Intel
Intel (Nasdaq: INTC) is an industry leader, creating
world-changing technology that enables global progress and enriches
lives. Inspired by Moore’s Law, we continuously work to advance the
design and manufacturing of semiconductors to help address our
customers’ greatest challenges. By embedding intelligence in the
cloud, network, edge and every kind of computing device, we unleash
the potential of data to transform business and society for the
better. To learn more about Intel’s innovations, go to
newsroom.intel.com and intel.com.
© Intel Corporation. Intel, the Intel logo and other Intel marks
are trademarks of Intel Corporation or its subsidiaries. Other
names and brands may be claimed as the property of others.
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Rich Adolph 1-206-251-5320 richa@we-worldwide.com
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