Aptos Foundation Partners with The Ignition AI Accelerator to drive advancement of AI startups in APAC

New York, United States, September 20th, 2024, Chainwire

The Ignition AI Accelerator, a collaborative initiative between NVIDIA, Tribe, and Digital Industry Singapore (DISG), today announced that Aptos Foundation has partnered with The Ignition AI Accelerator to drive growth and advancement of AI startups in Asia. This deepens Aptos Foundation’s work to connect its expertise and Aptos-related technology with artificial intelligence solutions that are expected to be the game changer for economies and businesses.

With Aptos Foundation providing industry expertise and funding support, The Ignition AI Accelerator is poised to drive APAC’s next generation of high-potential AI innovators and founders that are pushing the boundaries of AI development on a global scale. According to recent IMF research, Singapore is the world’s most prepared country for AI, which reflects years of aggressive investment in AI infrastructure and talent in the country. 

Aptos Foundation will be providing resources and support for AI startups in the accelerator, opening doors to emerging technologies and providing them with access to global markets. Aptos Foundation will leverage Microsoft’s OpenAI Service, which it hopes will eliminate barriers to adoption and establish a clear path for the practical application of frontier technologies. Aptos Foundation has key relationships with AI leaders, including Overlai and Adot.

Ng Yi Ming, Director, The Ignition AI Accelerator, emphasised, “Onboarding Aptos Foundation as a technical partner marks a key milestone in The Ignition AI Accelerator’s mission to fuel AI startups and drive synergies with global leaders in emerging technologies. By harnessing resources and expertise, we aim to empower AI startups with the tools they need to build applications that will define the next phase of technological advancements. Together, we are committed to driving the evolution of the AI sector and nurturing a new generation of AI entrepreneurs.”

While Aptos Foundation’s mission is to drive blockchain accessibility and decentralisation, the expansion further into AI technologies is expected to add a new dimension to the global ecosystem bringing emergent technologies to the masses. 

“The growth potential for AI is unmatched, and we look forward to leading the way in this transformative approach to fueling innovation and entrepreneurship. With this partnership, we aim to join the global partners at The Ignition AI Accelerator in catalysing the creation of AI applications, ideas, products and services,” said Bashar Lazaar, Head of Grants & Ecosystem of Aptos Foundation. “Together, we will empower a new wave of AI tech founders and pioneers building the future in APAC with worldwide potential. 

The Ignition AI Accelerator, launched in May 2024, is a global initiative based in Singapore that supports AI startups with business and technical acceleration, offering deep AI development expertise, cloud credits, and funding opportunities. Since its inception, it has partnered with leading industry giants to provide diverse emerging ventures with the right knowledge and expertise to scale their AI-focused businesses globally.

About The Ignition AI Accelerator

The Ignition AI Accelerator, a collaborative initiative by NVIDIA and Tribe and supported by Digital Industry Singapore (DISG), is designed to identify high-potential, growth-stage tech founders to accelerate their success and growth. We are dedicated to fostering a growing and thriving tech & AI ecosystem by pushing the boundaries of what frontier technologies can offer. 

The Ignition AI Accelerator provides high-potential, growth-stage tech founders with access to cutting-edge AI tools and deep development guidance, aimed at producing market-ready AI products and services. By leveraging a global network of corporate and investor partners, The Ignition AI Accelerator helps startups forge significant partnerships and penetrate international markets, driving innovation and transformation across sectors including in healthcare and finance.

The Ignition AI Accelerator is exploring corporate partnerships. Interested parties can find out more information at  https://www.theignition.ai.

About Aptos Foundation

Aptos Foundation is dedicated to supporting the development of the Aptos protocol, decentralized network and ecosystem and driving engagement with the Aptos ecosystem. By unlocking a blockchain with seamless usability, Aptos Foundation aims to bring the benefits of decentralization to the masses. Users can visit https://www.aptosfoundation.org for more information.

About Aptos Network

Aptos is a next-generation Layer 1 blockchain. Aptos’ breakthrough technology and programming language, Move, are designed to evolve, improve performance and strengthen user safeguards. Users can visit https://www.aptosfoundation.org for more information on the Aptos blockchain.

ContactComms AdvisorBrian PrincipatoAptosbrian@hirschleatherwood.com

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