Intel on Sunday announced a new program in Tel Aviv to help Israeli startups develop artificial intelligence (AI) and autonomous systems.
The program, called Ignite, will provide 10 to 15 startups with a 20-week business and technical mentorship from Intel and industry experts. Intel also added that it currently has no plans to seek equity or intellectual property rights from the startups taking part in the program, but it may do so in the future.
“Intel has always worked in concert with open ecosystems to scale new technologies so they can be transformational for our customers, business and society,” Intel CEO Bob Swan said.
“Israel has the deep skill base in AI, autonomous systems, and the underlying technologies critical to these inflections that make it a natural choice to launch our Ignite program.”
The startup program will be headed by Tzahi Weisfeld, former global head of Microsoft for…