Turbostart has announced its Innovation Challenge, aimed at early-stage AI startups and idea-driven entrepreneurs. In celebration of its 4th anniversary and dedication to fostering innovation in Artificial Intelligence, Turbostart will select 10 startups to pitch their ideas. The top three startups will have the chance to receive an investment of up to INR 1 Crore, with each startup representing one of three key themes.

The first theme is Design-Development-Delivery, focusing on AI-driven UI/UX, code generation, personalized user experiences, customer adoption and success. The second theme is Efficiency and Productivity, which includes AI applications in market research, personal assistants, legal documentation, HR functions, and financial reports generation. The third theme is Marketing and Communications, looking at AI in art and design, customer personas, and content generation and marketing.

The application window for the Turbostart Innovation Challenge is now open, and startups can submit their applications until August 23rd, 2023. After careful assessment, Turbostart will proceed with a multilevel selection process in Bengaluru on September 1st. The top three startups will then have the opportunity to secure investments of up to INR 1 Crore each.

To further foster innovation and networking, Turbostart will also host a startup forum called ‘Sparkplug,’ featuring expert panel discussions and keynote speeches by industry leaders and accomplished entrepreneurs. The announcement of the three winning startups and the investment amount will be revealed during the forum.

Turbostart, launched in 2019, is a global fund and accelerator that specializes in identifying and supporting outstanding early-stage startups. Through its cohort format, Turbostart curates a top-tier selection of ventures from around the world. Over the past 4 years, Turbostart has invested in approximately 30 startups, including deep-tech AI startups like Sivi.ai, Argoid, and Sciative.

What differentiates Turbostart from conventional funds or accelerators is its long-term support and guidance. With its influential board, dynamic team, and Centers of Excellence in Marketing, Technology, Design, Business Development, Sales, and Investment Banking, Turbostart offers tailor-made assistance to its startup portfolio.

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