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THE Polsky Center for Entrepreneurship and Innovation at the University of Chicago And Data Science Institute today announced that the six companies at the start of the start were accepted in the fourth cohort of the Transform Accelerator for data science and AI startups.
“This was one of the most competitive and difficult selection processes to date, with 30% of additional requests from last year,” said Scyama Majumdar, director of scientific accelerators and investments at Polsky Center. “We see really hot areas such as space technology and an increase in digital health technologies. One of the startups has already started to arouse the interest of VC from our panel of reviewer – we will see great things from this cohort. »»
The six startups will receive around $ 325,000 in total investment, including optional funding of $ 25,000, Google credits for startups, the Harper Court workspace on the south side of Chicago and access to industry mentors, technical advisers and student talents from the University of Chicago IT department,, Data Science Institute (DSI), and Chicago Booth School of Business.
“At the Data Science Institute, we are delighted to help this next cohort to push the limits of what is according to advanced AI and data science,” said David Uminsky, executive director of the ISD. “We are committed to supporting their trip and are delighted with the continuous success of Transform.”
Transform Cohort 4::
A participant in cohort 3, Be silent described the program as “extremely insightful and transformer” – and was able to close its seed round within two weeks of the end of the program. “This helped to considerably adjust our positioning and our strategy,” they said.
To date, the first two cohorts of transformation startups have raised more than $ 12 million.
“While the investments and progress of this space continue to accelerate in an exponential way, the Data Science Institute, with the mission of answering important scientific and societal questions, is unique to support entrepreneurs who seek to answer ces mêmes questions», a déclaré Dan Nicolae, DSI Faculty Co Faculty Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co Co CO CO CO. -Director.
The transformation is partly supported by corporate partners Mcandrews, Held & Maloy, Ltd and venture capital partner, True Blue PartnersA venture capital company based in Silicon Valley investing in AI companies at an early stage, founded by Chicago Booth Alum Sunil Grover, MBA ’99.
“We are delighted to support the transforming accelerator of the Polsky Center because it welcomes its new data science cohort and AI startups. At True Blue Partners, we recognize the transformer potential to combine entrepreneurial agitation with the infrastructure and deep technological resources available at the University of Chicago, “said Sunil Grover, managing director and founder of True Blue Partners. “By offering these innovative startups access to these resources, mentoring and financing, transformation opens the way to revolutionary progress that will shape the future of artificial intelligence.”