MyFinB and CEAI Global Launch AIV 50 Venture Program to Accelerate Fundraising for Indian Businesses
: AIV 50 enables Indian businesses to merge their AI portfolios with traditional businesses, scaling globally via reverse takeover of public listed companies.
Pune, India, 30 April 2023 – Businesses in India can now accelerate their fundraising process from the capital markets through the M&A approach, thanks to the AIV 50 Venture Program by MyFinB and CEAI Global. Under this program, businesses can merge their AI portfolio with traditional businesses that need to enhance their business models and scale internationally. This is achieved via a special purpose vehicle with fund injections to list via reverse takeover of public listed companies in North American markets.
The AIV 50 Venture Program is designed to support businesses that have a proven track record of growth and the potential to scale internationally. By merging with MyFinB’s portfolio companies, these businesses can enhance their business models and leverage AI technologies to gain a competitive advantage in their respective markets.
According to Shanker Damodaran, Managing Partner, India CEAI Global, “The AIV 50 Venture Program is a game-changer for businesses in India. The program provides access to AI technologies, business development support, and access to the capital markets, which will help businesses to scale up their operations and compete at a global level.”
The AIV 50 Venture Program has already attracted significant interest from businesses in India. By leveraging the strengths of MyFinB’s portfolio companies, these businesses can enhance their business models and gain a competitive advantage in their respective markets.
“The AIV 50 Venture Program is a major boost for businesses in India that are looking to raise funds from the capital markets. By leveraging AI technologies, businesses can enhance their business models and gain a competitive advantage in their respective markets. The program provides a unique opportunity for businesses to access the capital markets and scale internationally, and is expected to play a major role in driving the growth of the Indian startup ecosystem,” added Shanker Damodaran.
The AIV 50 Venture Program is set to change the way businesses in India raise funds from the capital markets. By leveraging AI technologies, businesses can enhance their business models and gain a competitive advantage in their respective markets. The program provides a unique opportunity for businesses to access the capital markets and scale internationally, and is expected to play a major role in driving the growth of the Indian startup ecosystem.
For more information on CEAI@MyFinB and its services, visit our website at www.ceaiglobal.com
About MyFinB
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).