Plug and Play to collaborate on innovation in artificial intelligence with INTEMA by MTS AI
SUNNYVALE, California, September 15, 2021 / PRNewswire / – Plug and Play, the world’s largest artificial intelligence innovation platform, and the international accelerator and investment platform INTEMA (Intelligent Machines) launched by the subsidiary of AI from MTS, the largest telecommunications operator in Eastern Europe (NYSE: MBT, MOEX: MTSS), have entered into a partnership that will see the development of the global ecosystem of INTEMA and Plug and Play, leveraging the platform to support its overall digital transformation strategy in the field of artificial intelligence.
The collaboration with Plug and Play will allow INTEMA by MTS AI to increase the number of global AI startups to be included in the accelerator program which provides access to international expertise in artificial intelligence and possible investment opportunities .
Plug and Play, headquartered in Silicon Valley, is renowned for connecting startups, businesses and investors around the world to help them collaborate and grow together. The global Plug and Play ecosystem through United States, Frankfurt, Amsterdam, Milan, Paris, Abu Dhabi, Barcelona, Shanghai, Singapore, and Tokyo encompasses more than 40,000 startups and 500 official partner companies. In 2020 alone, 2,065 projects were accelerated using Plug and Play.
The INTEMA by MTS AI accelerator aims to select the best global startups and coach teams in key areas such as technology, products, marketing and business expertise. As part of the partnership, Plug and Play experts will become mentors in the INTEMA acceleration program and share their experience with training program participants to enhance their knowledge, skills and abilities to help them develop their business and foster the creation of cutting-edge AI solutions. The INTEMA by MTS AI accelerator also welcomes AI experts from leading technology companies such as Samsung, Shazam, Apple, Intel, Nvidia and others to work with its accelerator startups and provide mentorship.
Each participant in the acceleration program will receive this expert advice as well as up to $ 100,000.00 in the start-up financing of INTEMA. They can also be included in the INTEMA fund pipeline which recently made its first investment of $ 10 million in San DiegoThe startup Kneron which makes AI chips (among its investors are the companies Foxconn, Qualcomm, Sequoia and Horizon).
“In the field of artificial intelligence, we are building a full cycle system to process ideas, projects and products. Collaboration with Plug and Play will strengthen our efforts in this process: we are looking for potential teams all over the world, supporting developers of AI solutions and taking their products to the next level. Going forward, we plan to continue investing in promising AI-driven teams and technologies as part of our venture capital fund, business accelerator and venture capital studio, ”said Alexander Khanine, Head of the MTS AI Center.
“We are seeing a growing demand from investors for AI products and startups. Experts say AI will be a game-changer in the years to come. We select the best AI teams from around the world to strengthen them with our expertise and resources. Our mentors and experts work with leading global technology companies, our team has a solid track record of investing in technology companies. We are giving our portfolio companies the computational capabilities of our premier superpod free of charge. The mission of our AI-driven venture capital fund accelerator is to give businesses and startups a lift so they can disrupt industries with their technology. We are sure that Plug & Play is an excellent partner for this “, said Alexei Posternak, CFO and Investments at MTS AI Center.
“Serving as one of the world’s leading AI platforms is a great honor for Plug and Play. We are excited to also explore the Russian telecom market with an in-depth approach to be able to drive innovation forward. At Plug and Play, we believe that established businesses that connect and cooperate with the best startups thrive on the opportunities these collaborations offer them.The partnership with INTEMA by MTS AI promises to be of great value to both. parties when it comes to creating growth opportunities, exploring new markets and accelerating innovation measures, ”said Said Amidi, CEO Plug and Play
“We are excited to work with the INTEMA by MTS AI platform and expand the possibilities for our startups to do business and expand into new countries. INTEMA by MTS AI will be a key factor in our sourcing efforts and we are aligned internally to engage with startups from a business development and investment capacity. This will better serve MTS AI customers and help them achieve growth, ”said Alfredo Gomez, Head of Partnerships at Plug and Play.
About INTEMA by MTS AI
INTEMA by MTS AI is a global platform for the development, acceleration and commercialization of AI solutions owned by the AI subsidiary of PJSC MTS (NYSE: MBT, MOEX: MTSS). MTS AI is working on a variety of solutions based on computer vision technologies, including a natural language recognition and text-to-speech system, as well as a platform for creating voice robots and intelligent assistants.
INTEMA by MTS AI is a startup accelerator that focuses on AI-based projects with a solid idea, solution prototype and development. INTEMA r Venture Fund is looking for late Series A and B companies in the global market with strong potential for expansion into B2B and B2C categories.
For more information visit https://aicenter.mts.ru
About Plug and Play
Plug and Play is the leading platform for innovation, connecting startups, corporations, venture capitalists, universities, and government agencies. Based in Silicon Valley, we are present in more than 35 sites on five continents. We deliver corporate innovation programs and help our partner companies every step of their innovation journey, from training to execution. We also run startup acceleration programs and have built an internal VC to drive innovation across multiple industries where we have invested in hundreds of successful businesses including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal and Rappi. For more information visit https://www.plugandplaytechcenter.com/
Notes to Editors:
Founders of any artificial intelligence project can apply to participate in the MTS AI Acceleration Program. Applications are accepted until October.
Intelligent Communication Tancredi
RP Manager MTS AI
Telephone: +7 (912) 8257112
E-mail: [email protected]
Alfredo Gomez Soria
Corporate Partnerships Manager
Telephone: +49 (0) 15157674901
E-mail: [email protected]