Change Engine to Invest $5 Million in Indian AI Startups
Startup accelerator Change Engine announced plans to invest over $5 million (approximately Rs 43 crore) in early-stage AI startups in India over the next five years. The initiative aims to support AI startups developing Machine Learning stack technologies and business applications for the global market, the company stated.
“Each year, we will seed six startups with $50,000 each, followed by up to $150,000 through syndication, paving the way for over $5 million in total investment over the next three years,” said Varun Aggarwal, Founder of Change Engine.
