Techcode focuses on AI startups with global reach
Techcode, the China-headquartered global business incubator, announced in June 2016 that its US office in Silicon Valley would launch a startup accelerator with a focus on the rapid development of artificial intelligence and AI-based hardware ventures. According to Luke Tang, general manager of Techcode US, the six-month program will take place in Mountain View, where the US office is located, with the first cohort composed of eight startups with working prototypes in areas that include connected car technology, robotics and wearable devices. The goal of the AI accelerator is to help startups expedite the commercialization of nascent AI ventures partly by fostering connections with Techcode's international partners and investors on a broad scale, said Tang. With its global support network, startups in the accelerator program get access to resource sharing and value-added services, and are expected to land a significant round of funding - at least $10 million in venture capital - or find a buyer among larger competitors.
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