Paddle, a leading payments infrastructure provider based in London, has officially opened applications for its second AI Launchpad program.
This 6-week initiative aims to support 50 AI-focused companies in building, launching, and scaling their innovative business ideas.
Unlocking Opportunities for AI Innovators: Cash Prizes, Mentorship, and More
The AI Launchpad program offers participants tailored guidance and practical insights from industry experts, providing a unique opportunity for AI startups to accelerate their growth.
The top-performing startup, as judged by a panel of experts, stands a chance to win a significant $20,000 cash prize from Paddle, among other benefits from program partners.
Success Stories from 2023: Paving the Way for Growth
Founded in 2023, the AI Launchpad program witnessed notable success with Virtual Staging AI, a platform transforming real estate sales through AI-powered digital furnishing.
The inaugural program’s winner saw a remarkable revenue increase of 10x, highlighting the program’s positive impact on participating businesses.
Enhanced Opportunities in 2024: Doubling Places and Building a Supportive Community
Building on the success of the 2023 program, Paddle has doubled the number of available spots for the 2024 AI Launchpad.
Participants will now have exclusive access to the “Launchpaddlers” community, fostering collaboration and resource-sharing among program alumni.
Key Program Elements and Benefits: Mentorship, Cash Prizes, and Funding Opportunities
The AI Launchpad program offers expert mentorship from industry leaders at Paddle, drawing on their extensive experience in scaling software and AI businesses.
Additionally, participants have the chance to win a substantial $20,000 cash prize, along with benefits from program partners such as Google Cloud and AWS Activate.
Founderpath, a $150 million fund for SaaS founders, will allocate $10 million in funding for selected participants, providing further opportunities for growth.
Applications Now Open: Deadline and Program Details
Applications for the AI Launchpad program are open from March 12th to April 14th, 2024.
The program is scheduled to commence in May, offering AI startups a unique opportunity to propel their development and market reach. Interested parties can find more information and apply at www.paddle.com/ai-launchpad.
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