CEAI@India's Managing Partner, Shanker Damodaran, Discusses India's Strategy to Attract AI Investments and Partnerships
: Shanker Damodaran discusses India's AI strategy and CEAI@India's role as an accelerator and venture builder
Ahmedabad, India, 30 April 2023 – Shanker Damodaran, Managing Partner of CEAI@India, shared his views on India’s vision to attract international business partners and investments in AI, the game-changing impact of AI on industries and policy makers in India, and the role of CEAI@India as an AI accelerator and venture builder.
The vision for India as a hot spot to attract international business partners and investments in AI
Shanker Damodaran believes that India has the potential to become a global AI hub, with its vast pool of talent, growing startup ecosystem, and supportive government policies. “India has a unique opportunity to become a hot spot for international business partners and investments in AI. The government’s focus on digital transformation and the growing startup ecosystem are creating a conducive environment for AI innovation and growth,” said Damodaran.
He added, “CEAI@India is committed to supporting this vision by providing AI acceleration and venture building services to startups and businesses in India. Our goal is to help these businesses leverage AI technologies to gain a competitive advantage in their respective markets and attract international investments.”
How AI is the game changer for industries and policy makers in India
According to Damodaran, AI is the game changer for industries and policy makers in India. “AI technologies have the potential to transform industries and drive economic growth. From healthcare to agriculture, AI can help businesses and policy makers make better decisions, improve efficiency, and create new business models,” he said.
He also emphasized the importance of AI in creating inclusive growth in India. “AI can help bridge the digital divide in India by providing access to essential services like healthcare and education to underserved communities. CEAI@India is committed to promoting inclusive growth by supporting startups and businesses that are leveraging AI technologies for social impact,” he added.
Role of CEAI@India as an AI accelerator and venture builder
CEAI@India is a leading AI accelerator and venture builder in India, providing AI acceleration services, venture building, and AI-focused investment advisory services to startups and businesses. “Our goal is to create a vibrant AI ecosystem in India by supporting startups and businesses that are leveraging AI technologies to create new products and services, improve efficiency, and drive growth,” said Damodaran.
He added, “CEAI@India provides a unique platform for startups and businesses to access AI technologies, mentoring, and funding to scale their operations and compete at a global level. Our team of AI experts, venture builders, and investment professionals are committed to supporting the growth of the Indian startup ecosystem and promoting inclusive growth in India.”
In conclusion, Shanker Damodaran believes that India has a unique opportunity to become a global AI hub, and CEAI@India is committed to supporting this vision by providing AI acceleration and venture building services to startups and businesses in India. “We believe that AI technologies can create a better future for India, and we are committed to supporting startups and businesses that are leveraging AI for social impact and economic growth,” he said.
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MyFinB is an award-winning tech company that specializes in artificial intelligence. The company developed its own natural language platform with predictive and prescriptive narrative capabilities – a niche area that differentiates itself from any others. MyFinB helps people understand and communicate what is most important in their data.
About Centre for AI Innovation (CEAI)
Centre for AI Innovation (CEAI) Global is a leading global company that was established in 2019 with dual-headquarters in Singapore and Malaysia. The company has established strategic partnerships with organizations in more than 20 countries worldwide. The purpose of CEAI Global is to promote inclusivity in knowledge, education, adoption, creation, venturing into AI investments and implementation of AI solutions.
The main goal of CEAI Global is to provide a platform for individuals and organizations to learn, engage and develop skills related to artificial intelligence (AI) and machine learning (ML). The company aims to target 95% of the workforce who are not skilled in AI and ML and non-technical personnel.
About AIV50
AIV50 is a tech venture company with a portfolio of 50 AI assets in 10 key verticals. The special purpose company forms part of a joint incubation and venture building project by MyFinB Group (MFB) and VSC Portfolio Investments (VSCPI).