The University of Chicago this week announced the creation of Transform, an accelerator for early-stage tech companies focused on data science and artificial intelligence.
WHY IT IMPORTANT
The new program – which is part of the Deep Tech Ventures initiative at UChicago’s Polsky Center for Entrepreneurship and Innovation – aims to provide a wide range of support for startups: access to business and technical training technology, industry mentoring, venture capital matching and funding opportunities
Transform is looking for two groups of up to 10 companies each. Candidates should focus on information technology and data science: AI and machine learning, data engineering, analytics and other innovations for biotech and healthcare applications, security network, blockchain, IoT, social impact, etc
Accepted startups will receive approximately $250,000 in total investment — including $25,000 in funding, use of UChicago computing resources, credits for Amazon and Google Web Services for startups, a workspace at the Polsky Exchange on the South Side of Chicago, and access to mentors, technical advisors, and talented students from the Department of Computer Science, the Data Science Institute of University of Chicago and the Chicago Booth School of Business.
Applications for the first Transform group will expire on January 25.
TREND TO BIGGER WOMAN
Over the past 5 years, the Department of Computer Science and Statistics has added more than 40 new faculty members at UChicago, most of whom specialize in AI, machine learning, data science, and data engineering.
Dan Sachs, managing director of Polsky Deep Tech Ventures, said: “We believe that AI and data science startups can accelerate their ability to bring innovations to market with results. connecting venture capital and funding opportunities from the Polsky Center”. “And our partners at the Data Science Institute at the university can provide focused, in-depth technical instruction and access to industry-specific mentors we know as invaluable resources for today’s entrepreneurs.”
ON PROFILE
“Transform offers a powerful combination of resources, training and funding that will provide invaluable support to the tech startup community,” said Shyama Majumdar, director of Transform. “I’m excited about the top mentoring and student talent program we can offer from the Chicago Booth School of Business and the Data Science Institute. We have an amazing team of mentors ready to roll up their sleeves. jerseys and work with the teams.”
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Healthcare IT News is a publication of HIMSS.
