
Twelve new start-ups – working in areas such as brain surgery, electric vehicles and removing bias from algorithms – have been selected to take part in the AI Accelerator Programme, which is run by the Bayes Centre, Edinburgh’s world-leading hub for data science and AI.
Inward investment
The six-month programme will help emerging companies with high growth potential to develop their initiatives and bring investment and jobs to Edinburgh and the city region.
To qualify, participating companies must use AI for wider societal benefit and deliver solutions in core areas such as health, social care and the environment.
Participants benefit from a full package of support focused on building connections, leadership mentoring and support with product development to help transform their AI businesses into world-leading companies.
2022/2023 cohort
Among the 12 successful companies are EtiqAI – a female-founded company whose technology is designed to increase transparency and minimise any unintended bias within AI algorithms.
Also included is Edinburgh-headquartered Vahanomy, which is driving the rollout of charging stations for electric vehicles, and US start-up MindTrace, which was first attracted to Scotland by the University’s expertise in AI research and talent development. The company uses AI and imaging to enhance positive outcomes in brain surgery.
Entrepreneurial advisor
This year’s AI Accelerator programme features the appointment of John Brodie to the role of Entrepreneur in Residence. John was the co-founder of data analytics consultancy Aquila Insight, which grew to become a highly successful company, and was sold in 2017.
He is now an active advisor and investor within the Scottish start-up community and has been named as one of Data IQ’s 100 Most Influential People in Data.
Previous success
Edinburgh’s AI Accelerator has supported companies and helped them attract more than £10m in grants and investment over the past year.
The programme will be delivered both digitally and in-person by the Bayes Centre and Edinburgh Innovations – the University’s commercialisation service – on behalf of its Data-Driven Innovation hubs.
The programme has also partnered with global strategic design consultancy NileHQ, and is supported by Huawei UK and the Edinburgh Earth Initiative.