Aptos Foundation Collaborates with The Ignition AI Accelerator to Advance AI Startups in APAC

New York, United States, September 20th, 2024 – Chainwire

The Ignition AI Accelerator, a collaborative initiative by NVIDIA, Tribe, and Digital Industry Singapore (DISG), has announced a partnership with the Aptos Foundation aimed at boosting the growth of AI startups in Asia. This partnership expands Aptos Foundation’s efforts to integrate its expertise and technology related to Aptos with innovative AI solutions that could significantly impact economies and businesses.

With Aptos Foundation’s industry knowledge and financial support, The Ignition AI Accelerator is set to cultivate the next generation of promising AI innovators and entrepreneurs in the Asia-Pacific region who are pushing the limits of AI advancement on a global scale. Recent research from the International Monetary Fund highlights Singapore as the most prepared nation for AI, underscoring the country’s consistent investments in AI infrastructure and talent over the years.

Aptos Foundation will offer important resources and backing for AI startups within the accelerator, facilitating access to emerging technologies and global markets. The foundation plans to utilize Microsoft’s OpenAI Service to help remove obstacles to technology adoption, paving the way for the effective use of cutting-edge technologies. Aptos Foundation maintains significant connections with AI industry leaders, including Overlai and Adot.

Ng Yi Ming, Director of The Ignition AI Accelerator, stated, “The inclusion of Aptos Foundation as a technical partner represents a major step in our mission to support AI startups and foster collaborations with global leaders in emerging technologies. By utilizing our combined resources and expertise, we aim to equip AI startups with the necessary tools to develop applications that will shape the future of technology. Together, we are dedicated to advancing the AI sector and nurturing a new generation of AI entrepreneurs.”

While Aptos Foundation’s primary mission focuses on enhancing blockchain accessibility and decentralization, the venture into AI is anticipated to contribute a new dimension to the global technological ecosystem, making advanced technologies more accessible. Bashar Lazaar, Head of Grants & Ecosystem at Aptos Foundation, remarked, “The growth potential for AI is unmatched, and we are eager to lead this transformative movement in innovation and entrepreneurship. Through this partnership, we aim to collaborate with global partners at The Ignition AI Accelerator to catalyze the development of AI applications, concepts, products, and services. Together, we will empower a new wave of AI founders and innovators building the future in Asia-Pacific with global opportunities.”

Launched in May 2024, The Ignition AI Accelerator is a global initiative based in Singapore designed to support AI startups through business and technical acceleration. It provides extensive AI development expertise, cloud credits, and funding opportunities. Since its establishment, the accelerator has partnered with major industry players to offer diverse and emerging ventures the necessary knowledge and expertise to scale their AI-focused businesses internationally.

About The Ignition AI Accelerator
The Ignition AI Accelerator, a joint initiative by NVIDIA and Tribe, with support from Digital Industry Singapore (DISG), identifies and fosters high-potential, growth-stage technology founders. Committed to nurturing a thriving tech and AI ecosystem, the accelerator aims to expand the possibilities of emerging technologies.

The accelerator provides growth-stage tech founders with access to cutting-edge AI tools and development guidance to create market-ready AI products and services. By leveraging a global network of corporate and investor partners, it assists startups in forming strategic partnerships and entering international markets, enhancing innovation across sectors, including healthcare and finance.

About Aptos Foundation
Aptos Foundation focuses on advancing the Aptos protocol, decentralized network, and ecosystem while promoting engagement within the Aptos community. By providing a blockchain with seamless usability, the foundation strives to make the advantages of decentralization available to a wider audience.

About Aptos Network
Aptos is an innovative Layer 1 blockchain platform. Its groundbreaking technology and programming language, Move, are designed for continuous evolution to enhance performance and user protection.

Contact Information
Comms Advisor
Brian Principato
Aptos
Email: [email protected]

This article was originally published on Chainwire.