Google to fund AI startups by women founders in Asia-Pacific region

New Delhi, Aug 2 (KNN) Google has announced that it will provide financial support to startups founded by women in the Asia-Pacific region with a special dedicated fund, reported Forbes Asia.

The fund, called Google for Startups Women Founders Fund, will provide USD 100,000 in equity-free cash to six female-founded startups this year.

It will focus on startups in India, Japan and South Korea before expanding into other Asia-Pacific markets.

For now, the Google for Startups Women Founders Fund will focus on startups in the field of artificial intelligence.

As AI technology rapidly accelerates, Mike Kim, the Singapore-based Asia-Pacific head of Google for Startups told Forbes Asia that it’s important for underrepresented minorities and women to be part of the development process and not be left behind.

Kim will also runs the Google for Startups Women Founders Fund said, “but what’s more important than the amount is that this fund puts founders on a global platform to get recognition from VCs around the world for additional funding.”  (KNN Bureau)