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Have a good idea for an AI startup? OpenAI wants to give you $1 million

Dec 14, 2023 - venturebeat.com
OpenAI is inviting startup founders, even those without prior AI experience or who don't use OpenAI products, to apply for a $1 million funding boost and exclusive resources from its Startup Fund. The funding is part of a six-week program, “Converge 2,” which requires a maximum of six hours per week. Applicants only need to provide minimal information about themselves and their idea to receive funding, coaching, and expertise to help grow their companies. After the application window closes, OpenAI’s Startup Fund will choose between 10 and 15 companies to fund.

The program will run from March 11 to April 19, 2024, and can be done remotely, with only the first and last weeks of the program structured as in-person events in San Francisco. The program is designed to offer a learning and development experience, with participants engaging in tech talks, office hours, and social events, and interacting with leading AI practitioners and startup founders. Prior experience with AI systems is not a prerequisite, and the program encourages applications from founders of all backgrounds, reflecting OpenAI’s commitment to diversity and inclusivity.

Key takeaways:

  • OpenAI is inviting prospective startup founders to apply for a $1 million funding boost and exclusive resources from its Startup Fund, as part of a six-week program called "Converge 2".
  • The application process is open to anyone, regardless of their experience with AI or use of OpenAI products, and requires minimal information about the applicant and their idea.
  • The program will run from March 11 to April 19, 2024, and will offer a learning and development experience, with opportunities to interact with leading AI practitioners and startup founders.
  • OpenAI is particularly encouraging applications from founders from underrepresented backgrounds and those based outside the United States, reflecting its commitment to diversity and inclusivity in the AI field.
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