Eight Romanian startups join Techcelerator and Google's Advancing AI #3 accelerator program

Fifteen startups were accepted into Advancing AI #3, an accelerator program organized by Techcelerator and Google for South Eastern European startups creating MVP and Investment Readiness products based on AI (Artificial Intelligence) solutions.

Eight of the selected startups are from Romania, while the rest are from Turkey, Poland, Ukraine, Bulgaria, Serbia and Georgia.

They were chosen from 114 applications from 36 countries.

The Advancing AI #3 accelerator program will last ten weeks and end on March 31st. The teams will present their products, progress during the program and growth plan at the bi-annual Investors Day event in May.

Advancing AI #3 targeted startups with an established team of specialists with complementary skills whose product is at MVP (Minimum Viable Product) or IR (Investment Readiness) lever.

To increase the pace of company formation, starting this edition, the program includes two parallel and complementary cohorts (tracks) - one of MVP Acceleration, dedicated to early-stage companies with a prototype being validated, and one of Investment Readiness, targeting companies with traction and go-to-market strategy, companies ready to raise pre-seed/seed rounds.

Startups in the MPV track will be able to validate their idea with real customers and increase their traction. Startups in the Investment Readiness track will be better able to implement their go-to-market strategy and attract investment.

"Within Techcelerator, we have initiated since 2020 with Google for Startups and GapMinder VC the Advancing AI program, an accelerator specifically targeting startups with AI/ML solutions in Romania and South East Europe. During these years, we have consistently managed to increase the quality of the applications and especially of the rounds raised by alumni companies. […] The rounds of over EUR 20 million in alumni startups on AI/ML have confirmed pragmatically that this is just the beginning," Cristian Dascălu, co-founder of Techcelerator and GapMinder partner, said.

The startups selected for the MVP track are: Alter Medico - develops a marketplace and data management framework for healthcare providers by centralizing applications based on Artificial Intelligence (AI) algorithms; PanSafeKid s - develops an app that helps parents and children detect and prevent cyberbullying and other digital threats; TaoTechnology - develops an AI-powered firewall, providing real-time data processing and decision-making ability to protect web applications even against cyber attacks; EDNEOS - is an educational assistant that increases the performance of learning and memorization;