San José awarded four artificial intelligence companies cash grants and support services through a new AI Incentive Program. Winners are developing solutions in maternal health, food waste reduction, and next-generation satellite data processing. The grant program aims to support early-stage AI companies tackling real-world problems and is described as the first city-run grant program of its kind in the United States. San José now hosts 91 venture-backed AI companies valued at about $6 billion, with 23 downtown startups valued at $1.3 billion. Winners were selected from over 170 applicants by a panel evaluating innovation, feasibility, ethical AI standards, and civic benefit.
"Some of society's biggest challenges are also great opportunities for innovation and job creation," said San José Mayor Matt Mahan in a statement. "San Jose's first-in-the-nation AI grant program is funding local startups building businesses that make our city stronger, safer and more vibrant for everyone. Making local government a platform for innovation is just one of the reasons we're America's AI Capital."
The city reported that San José now has 91 venture-backed AI companies valued at approximately $6 billion. The four winning startups join a community of 23 AI startups worth $1.3 billion in downtown San José, the city reported. "The initiative reflects the city's strategy to strengthen its innovation economy while encouraging job creation and public problem-solving through responsible AI," the city said in its announcement.
#ai-startups #municipal-grant-program #maternal-health #food-waste-reduction #satellite-data-processing
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