Aptos Foundation and Ignition AI Accelerator Unite for AI Growth

[PRESS RELEASE – New York, United States, September 20th, 2024]

The Ignition AI Accelerator, a partnership between NVIDIA, Tribe, and Digital Industry Singapore (DISG), announced today its collaboration with the Aptos Foundation to foster the growth and advancement of AI startups in Asia. This collaboration enhances Aptos Foundation’s commitment to connecting its expertise and Aptos-related technologies with AI solutions that are poised to transform economies and businesses.

With Aptos Foundation contributing industry knowledge and financial backing, The Ignition AI Accelerator is positioned to nurture APAC’s emerging AI innovators and founders who are pushing the limits of AI development worldwide. Recent research from the IMF indicates that Singapore is best prepared for AI, a testament to the country’s extensive investment in AI infrastructure and talent cultivation.

The Aptos Foundation will offer essential resources and support to AI startups within the accelerator, facilitating access to novel technologies and global markets. Moreover, the Aptos Foundation plans to utilize Microsoft’s OpenAI Service to overcome adoption barriers and outline a practical approach for the implementation of cutting-edge technologies. They maintain crucial partnerships with AI players such as Overlai and Adot.

Ng Yi Ming, Director, The Ignition AI Accelerator, stated, “Integrating Aptos Foundation as a technical partner is a significant milestone for The Ignition AI Accelerator’s goal to empower AI startups and create synergies with leading international entities in emerging technologies. Through the utilization of resources and expertise, we aspire to equip AI startups with the necessary tools to develop applications that will shape the forthcoming technological landscape. Our joint effort is aimed at propelling the evolution of the AI sector and cultivating a new generation of AI entrepreneurs.”

While the Aptos Foundation’s core mission focuses on promoting blockchain accessibility and decentralization, its deeper involvement in AI technologies is anticipated to enhance the global ecosystem and make advanced technologies more accessible to a wider audience.

“The growth prospects for AI are unparalleled, and we are eager to lead this transformative journey in driving innovation and entrepreneurial spirit. Through this collaboration, we intend to work alongside global partners at The Ignition AI Accelerator to catalyze the development of AI applications, concepts, products, and services,” remarked Bashar Lazaar, Head of Grants & Ecosystem of Aptos Foundation. “Collectively, we aim to empower a new generation of AI technology founders and pioneers, paving the future in APAC with global potential.”

Launched in May 2024, The Ignition AI Accelerator is a worldwide initiative based in Singapore, supporting AI startups through business and technical acceleration, providing extensive AI development expertise, cloud resources, and funding opportunities. Since its establishment, it has collaborated with major industry players to provide promising emerging ventures with the necessary knowledge and skills to scale their AI-driven businesses on a global stage.

About The Ignition AI Accelerator

The Ignition AI Accelerator, a collaborative effort by NVIDIA and Tribe, and supported by Digital Industry Singapore (DISG), aims to identify high-potential, growth-stage technology founders to expedite their success and development. We are committed to nurturing a lively and prosperous tech & AI ecosystem by exploring the possibilities that frontier technologies provide.

The Ignition AI Accelerator grants high-potential, growth-stage tech founders access to state-of-the-art AI tools and comprehensive developmental guidance, focused on producing market-ready AI products and services. By leveraging a vast network of corporate and investor partners, The Ignition AI Accelerator assists startups in forging significant partnerships and entering international markets, fostering innovation and transformation across various sectors including healthcare and finance.

The Ignition AI Accelerator is actively seeking corporate partnerships. Interested organizations can find further information at  https://www.theignition.ai.

About Aptos Foundation

The Aptos Foundation is dedicated to advancing the development of the Aptos protocol, decentralized network, and ecosystem, while fostering engagement within the Aptos community. By unlocking a blockchain with seamless usability, Aptos Foundation aims to disseminate the advantages of decentralization to a broader audience. For more details, users can visit https://www.aptosfoundation.org.

About Aptos Network

Aptos represents a next-generation Layer 1 blockchain. Its innovative technology and programming language, Move, are engineered to evolve, enhance performance, and reinforce user protections. For more information regarding the Aptos blockchain, users can visit https://www.aptosfoundation.org.