Meta today announced the launch of AI Accelerator TLV, a new initiative aimed at Israeli early-stage startups focused on consumer artificial intelligence (AI) applications (B2C). Scheduled to run from September to December 2024, the program will consist of 15 sessions and provide 10 selected startups with guidance, mentoring, and valuable resources to accelerate their business development.
AI Accelerator TLV aims to help Israeli startups operating in the open source AI field grow and innovate. Participants will have access to experts from Meta’s research labs, including researchers, engineers and AI specialists from FAIR Labs. They will also benefit from advanced cloud computing resources and Meta’s cutting-edge AI technologies, such as the advanced language model Llama 3. Additionally, selected startups will enjoy networking opportunities with partners, investors and industry leaders, as well as personalized coaching and business development tools.
Registration for the program is currently open and will close on July 31, 2024. Meta invites Israeli startups specializing in artificial intelligence to apply and participate in this unique accelerator program designed to accelerate their growth and establish themselves as market leaders in their respective fields.
Adi Sofer Tani, CEO of Meta Israel, commented: “AI, Gen AI and open source language models represent a huge opportunity for the Israeli ecosystem. Since establishing Meta’s Israel office 10 years ago, we have supported thousands of startups from inception to every stage of growth. The current generation of AI technologies already has great potential, and the next generation will create even more new value for both individuals and businesses. There are unprecedented opportunities ahead for the Israeli ecosystem.”
Dror Bin, CEO of the Innovation Authority, said: “The high-tech industry and innovative ventures are at the heart of the Israeli economy – they create quality jobs, lead technological innovation, and generate significant tax revenues. Moreover, these products and services directly contribute to our quality of life, help solve complex problems, and enable us to tackle global challenges more efficiently. Despite the complex challenges facing the industry as a whole, we believe Israeli high-tech will prevail once again and continue to grow. We congratulate Meta for playing an active role in the Israeli ecosystem.”
