(Image credit- Intel)
30 new revolutionary deep-tech firms were chosen to join Intel Ignite, the company’s early-stage accelerator program.
In addition, a customer advisory board was created, and a new program was launched in London.
“For the spring cohort of our accelerator program, we had over 800 applications from entrepreneurs. We picked 30 people overall from Israel, Europe, and the US.
These firms have raised an average of $7.1 million in funding, proving that even in tough economic times, promising deep-tech early-stage startups can still secure finance.
—Tzahi Weisfeld, vice president of Intel and in charge of running Intel Ignite.
Intel’s commitment to fostering startup ecosystems throughout the world is further demonstrated by the launch of the new global cohort and the addition of the customer advisory board.
Who Participates in Intel Ignite:
The new cohort members, which also include those in Munich, Boston, Tel Aviv, and London, cover a variety of technological advancements. Visit the Intel Ignite website to view the whole list.
The Customer Advisory Board’s description:
Along with the release of the cohort, Intel Ignite has created its first-ever customer advisory board, which is made up of CTOs, CIOs, and CDOs from top corporations.
Members will assist in making connections between high-level tech executives and cohort startup leaders for feedback and business cooperation. Members of customer advisory boards will also be able to link advisers with leading disruptors in the tech industry, creating networking opportunities and chances to learn about the market and explore options for collaboration with their peers.
Motti Finkelstein, Intel corporate vice president, chief digital officer, and head of the Intel Ignite customer advisory board, said, “Working with Intel Ignite’s accelerator program has given me the rare opportunity to meet and learn from the up-and-coming IT firms.
“With the formation of this advisory board, we hope to create a cross-pollinating community for mentorship and business collaborations, while keeping up with market trends and emerging technologies,” reads a statement from the advisory board.
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Intel Ignite’s Operation:
The deep-tech startup growth program, which debuted in 2019, makes use of Intel’s extensive resources to support the success of early-stage businesses by helping founders to raise more money, improve their valuation, and make a long-lasting strategic impact.
With approximately $1.5 billion in investment since the program’s beginning, the participating companies have produced outstanding outcomes.
Visit the Intel Ignite website to find out more about the program, the customer advisory board, and the firms founded by alumni.