Entrepreneurship is no cakewalk, especially in today’s volatile, uncertain, complex, and ambiguous (VUCA) world. Navigating the start-up landscape is undoubtedly overwhelming but the rewards are gratifying to those who pull through.
As Silicon Valley based entrepreneur and evangelist Guy Kawasaki puts it, ’Ideas are easy, implementation is hard.’ While there isn’t necessarily a dearth of innovative ideas and passion, access to the right tools could make execution less scary and go a long way in setting up new businesses for success.
For aspiring founders, looking to break into the AI scene, the added complexity from the rapidly-evolving nature of the field in addition to the current state of constant flux only adds to the difficulty. However, nothing worthwhile is ever easy, as the saying goes.
A study funded by the Australian government found that digital technologies, including AI will be worth $315 billion in gross value to the Australian economy by 2028, making a case for businesses and entrepreneurs to jump on the AI bandwagon.
But how can start-up founders make the most of this opportunity while increasing their chances of business success? This is where incubators can play a crucial role. Business incubators essentially support the development and growth of start-ups by offering access to resources and opportunities that ventures in their initial stages would otherwise not necessarily have.
AI Ventures offers an a virtually delivered, 12-week Incubator program that helps AI-driven start-ups in the ideation, proof of concept, or Minimum Viable Product (MVP) stage to become market-ready.
What does one stand to gain?
Self-paced learning content
The program provides curated learning content covering a host of topics. Across business, operations, and technology, the incubator aims to equip early-stage founders with the knowledge they need to kickstart their business, tailored to meet different individual needs.
Weekly Mentoring Sessions
Experience is a highly-prized asset that is key to business success. With an extensive network of over 70 highly qualified mentors across a range of fields, the program offers a chance to learn from experts and their experiences. Having a mentor provides an external viewpoint, allowing founders to pre-empt unforeseen challenges and proactively develop strategies to tackle them.
Building a meaningful network within and beyond the industry is extremely helpful in the early stages of setting up a business. The increased likelihood of finding the right information, resources, and skills from networking becomes increasingly important as the company grows. It is said that an entrepreneur’s greatest asset is almost always their network.
Access to Funding
Funding is essential to develop a product offering. Yet, securing funding without a product to show investors is next to impossible. The AI Ventures Incubator Program provides guidance and workshops on developing and delivering a pitch that effectively communicates value, captures the interests of the investor, and convinces them to place their bet on the founder and their start-up idea. The live pitch night for qualifiers at the end of the twelve-week duration serves as an ideal platform to attract early-round investors.
A Lifetime Membership
Apart from continued access to events and networking opportunities, the program also offers a chance to build strategic long-term relationships that cater to the needs and interests of your business.
While the market is rife with opportunity for AI-businesses, the window for AI-based competitive advantage is narrowing as AI-technologies become more integrated into products and services.
If you are an AI-driven start-up looking to kickstart your entrepreneurial journey, visit our website for more information and join today!
The time to act is now.