Paddle a leading payments infrastructure provider for software firms based in London, has unveiled AI Launchpad, an innovative six-week program designed to assist budding software founders in developing, initiating, and expanding their AI-based ventures.
The program offers participants a combination of expert mentorship, masterclasses, workshops, and a chance to win a $25,000 cash prize for the best venture.
AI Launchpad aims to turbocharge the growth of AI startups by providing comprehensive guidance on key areas such as product and go-to-market strategies, finance and operations, and industry positioning.
The first cohort will consist of 25 founders selected based on the potential:
• The potential of their AI business idea
• The viability of their minimum product
• Market traction and growth potential
Participants who complete Paddle's programs will be eligible for a share of a $10m fund set aside by Founderpath, a $150m fund for SaaS founders, offering them extra resources to accelerate their success.
Other contributors to AI Launchpad include:
AWS Activate, SaaStock, Toplyne, Banana, PartnerStack, Enablix, Kustomer, ArK Kapital, SaaS Launch, and Startup ROI.
The program offers a host of benefits including expert mentorship, a collaborative community, cash prize, and additional perks from partners such as free access to products, credits, and masterclasses. Runners-up will enjoy benefits such as co-marketing events with Paddle and its partners and free tickets to industry events like SaaStock.
Applications for the AI Launchpad program are open from 18th July until 31st August 2023.