The Alchemist Accelerator program is receiving significant support for its expansion into Tokyo and Doha. The Tokyo program is expected to benefit from a recent change in tax policy that will free up early-stage capital at startups, and from investment flowing out of China. The Doha program, backed by a $13 million commitment from the government, will focus on emerging market founders.
Key takeaways:
- Alchemist Accelerator is expanding internationally into Tokyo and Doha, with a focus on AI-forward companies.
- AI startups are focusing on specific applications and problems in specific domains, such as healthcare and fintech, rather than trying to compete with large language models like OpenAI or Anthropic.
- Equality AI is working to ensure AI models in healthcare don't violate non-discrimination protections, while Cerevox aims to eliminate errors from today's large language models by structuring data pipelines and structures.
- Alchemist Doha is receiving a $13 million commitment from the government, with a focus on supporting emerging market founders and making larger investments ranging from $200,000 to $1 million.