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AI Incubator Will Create Entrepreneur-Investors
February 28, 2025
|Mint Mumbai
upGrad has set aside ₹100 cr to help local startups that are building AI apps
Edtech company upGrad wants to use its new artificial intelligence (AI) incubator to create an insulated talent pool that can "wear the hats of both an investor and an entrepreneur," co-founder and chairperson Ronnie Screwvala told Mint in an interview.
The firm has set aside ₹100 crore for its upGrad AI Incubator to help local startups that are building AI apps. It hasn't raised any external funding for the incubator.
"It is part of our growth investment. I wouldn't call it capital expenditure because that would mean it goes straight to my balance sheet. It may go into my profit and loss statement as well," Screwvala said. "The incubator is to bring in the brightest people in the [AI] sector and disrupt it in many forms."
هذه القصة من طبعة February 28, 2025 من Mint Mumbai.
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