At Microsoft, we understand the incredible potential of AI and the vital role that startups play in shaping and becoming the companies of the future. Today, we’re excited to announce our support of Alt Capital’s Generate Program that will offer startups in their new accelerator (launching in May) the opportunity to innovate and grow with access to cutting edge AI tools on the Microsoft platform.
What sets Alt Capital apart is its dedicated focus on B2B solutions—a field where Microsoft’s expertise can truly add value. This partnership presents an exceptional opportunity for us to further empower startups specializing in B2B AI solutions, fueling innovation, and fostering growth in this important sector.
“We’re thrilled to be partnering with Microsoft on the new Generate program. Of course, it’s great to bring the additional financial resources to Generate companies, but more importantly we’re excited for the expertise, network, and distribution they represent as a global leader in both AI and B2B software,” Jack Altman, Alt Capital, Former CEO, Lattice.
Applications are now open for the Alt Capital Generate program, where selected participants will receive:
- A $250,000 investment, uncapped (MFN SAFE.)
- Free Azure AI infrastructure along with up to $350,000 in Microsoft Azure credits including preferred access to high-end GPU virtual machine clusters and Microsoft Go-To-Market support.
- The opportunity to learn from a stellar lineup of advisors and visiting partners.
- Networking and development opportunities, including customer development events, a hiring day connecting startups with top talent, and an investor day to facilitate connections with high-quality investors.
- The deadline to apply is May 5th, 2024, and the program is scheduled to commence on May 27th.
In November, Microsoft for Startups announced the availability of Azure AI infrastructure for high-end GPU virtual machine clusters for use in training and running large language models and other deep learning models. Since we made these resources available, we’ve expanded access to Y Combinator, M12, AI Grant Fund, Alchemist Accelerator, Conviction, The House Fund, Open AI Startup Fund, Neo, AI investor Elad Gil, and today, Alt Capital.
We recognize the challenges that early-stage startups face in building the necessary technical infrastructure for AI development. These hurdles, including securing computing resources and establishing scalable architecture, can be both costly and complex. By providing access to cutting-edge technology and infrastructure, we aim to accelerate the development of the next generation of groundbreaking companies, drive positive change, and shape the future of AI.
