The two sides will pour in a maximum of $2 million for each enterprise in Accel's Atoms program. The program will prioritize founders in India and the Indian community that is developing AI products right from the idea stage.
An Accel representative said that the goal is to promote AI products to serve billions of users in India and expand globally. India has a large internet and smartphone market and abundant technical human resources, but there are not many models and companies leading AI technology. This trend is changing as businesses such as OpenAI and Anthropic open offices in this country and initial investment flows increase sharply.
The capital will be directed to many fields such as creativity, entertainment, programming and work applications. Companies will also seek opportunities in new development directions of the major language model in the next one to two years.
Participating founders will receive a credit package of up to $350,000 on Google Cloud, Gemini, and DeepMind, along with early access to testing models and features. They are also consulted monthly by Accel and Google engineers, participate in intensive training courses in London and the Bay Area, and receive marketing support through the global networks of both sides.
A representative of the AI Futures Foundation said that India was chosen for the first cooperation because it has great potential in the AI-led technology generation. This partnership comes as Google is investing heavily in India.
The AI Futures Fund was launched to invest in AI startups around the world and has supported companies like Replit and Harvey. Google also invests in Indian startups such as Toonsutra and STAN. Google will be present in the ownership structure of companies that receive capital from the program but will not disclose the ratio.
Accel's Atoms platform has supported more than 40 companies since 2021 and this year expanded to Indian-origin founders abroad. The new partnership between Google and Accel comes after Accel joined Prosus to invest in Atoms X to support expansion solutions for the domestic market.
