AI+Munich The initiative aims to increase the density of artificial intelligence-based innovations in southern Germany. To this end, the initiative supports AI startups with various measures. The prototype funding program is designed to make prototyping easier and more affordable for teams in both the early and late stages. It is aimed at startups that have not yet received financial support from venture capital or a business angel.
The program offers three funding options with a total volume of up to €25,000. The AI Scholarship is designed to help cover living expenses, the Prototyping Grant is designed to accelerate the development and testing of AI prototypes, and the Expert Pool & Funding program provides expert support.
Application for prototype funding until June 25
To apply for funding qualifyTo be eligible, a startup must use AI and have AI expertise within its core team. Furthermore, projects must address at least one of the Sustainable Development Goals (SGDs). A diverse team and successful participation in AI competitions are also advantageous. Furthermore, it is necessary to have identified a clear problem, validated it with a potential customer, and developed a suitable solution. Startups that have already received financial support from venture capital or a business angel are not eligible to apply. Companies with more than 10 employees and public companies are also excluded from the competition.
After the application phase, selected startups will have the opportunity to pitch to experts on July 25. Startups that do not advance to the pitch can schedule a feedback interview with the AI+Munich team.
Further information and the possibility to register can be found here.
