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Revision as of 13:58, 30 January 2021

Intel Ignite
Founded2019
Area servedWorldwide
OwnerIntel
General managerZack Weisfeld
Key peopleRanny Nachmias -Tel Aviv chapter Managing Director
IndustryHigh tech
URLintel.co.uk
RegistrationRequired
Launched2019

Intel Ignite is a global corporate startup program for early-stage startups launched in 2019 by Intel.[1] it provides hands-on mentorship, resources, and opportunities to support startups growth. The program debuted in Tel Aviv and is featured to broaden to the United States and Germany.[2][3]

History

Intel Ignite was founded in 2019 In Tel Aviv to assist early-stage startups to develop variety of technologies, mostly in the fields of artificial intelligence (AI) and autonomous systems.[4]

Intel Ignite global program is run by Zack Weisfeld, a former global head of Microsoft for Startups, and Ranny Nachmias is in charge of its Israeli chapter.[5][6]

As of December 2020, the program completes 3 batches, while the companies in the third cohort raised over $5 million.

In the first quarter of 2021, the program will expand to Austin, Texas and Munich, Germany.[7]

Structure

The startup program offers 12 weeks intense curricula for early-stage startups who raised at least 1$million-dollar funds. The program includes mentorship, a customized growth plan, and access to customers and investors. Moreover, it additionally provides guidance by professionals from Intel and its network.[7]

Intel takes no equity from the program members and does not include any financing, but its benefits bundle for each startup surpasses $500,000.[8]

Each batch includes 10-12 startup companies from different sectors, primarily artificial intelligence (AI), IoT and cybersecurity.[1]

References

  1. ^ a b Solomon, Shoshanna. "Intel to 'Ignite' key startup tech with accelerator program in Tel Aviv". www.timesofisrael.com. Retrieved 2020-12-23.
  2. ^ Carlson, Kara. "Tech giant Intel bringing startup program to Austin". Austin American-Statesman. Retrieved 2020-12-23.
  3. ^ Schindlbeck, Corinne. "Intel Ignite: Intels Start-up-Programm kommt nach München". Elektroniknet (in German). Retrieved 2020-12-23.
  4. ^ "Startup accelerators forge ahead with new virtual programs". VentureBeat. 2020-04-01. Retrieved 2020-12-23.
  5. ^ Solomon, Shoshanna. "Intel selects 10 startups for Israel accelerator program, names new director". www.timesofisrael.com. Retrieved 2020-12-23.
  6. ^ Spiro, James (2020-10-20). "Intel Ignite appoints Ranny Nachmias as the new Managing Director of the Tel Aviv program". CTECH - www.calcalistech.com. Retrieved 2020-12-23.
  7. ^ a b CTech (2020-09-15). "Intel expanding Ignite startup program on back of Israeli success". CTECH - www.calcalistech.com. Retrieved 2020-12-23.
  8. ^ "Intel Ignite expands accelerator program to Munich, will accept 10 early-stage startups". Tech.eu. Retrieved 2020-12-23.