Startups from 20 countries have applied to Advancing AI #4, Techcelerator’s accelerator program for entrepreneurs in Southeast Europe developing products using Artificial Intelligence.

9 startups from Romania, Turkey, Poland and Serbia complete the program, and a third of the solutions are in the medical area

• 130 applications from over 20 countries
• Nine participating startups, four of which are from Romania
• The global market for Artificial Intelligence solutions will grow about 28.5% annually until 2030

Techcelerator and Google for Startups have selected nine startups in Advancing AI, an accelerator program for startups in the region that create products based on AI (Artificial Intelligence) solutions. The programme supports companies’ growth efforts and stimulates the development of the ecosystem in the region, with the selected startups coming from Romania, Poland, Serbia and Turkey.

The nine startups were chosen from 130 applications from over 20 countries.

The Advancing AI #4 accelerator programme runs for ten weeks and will end at the end of May, after which the startups will enter the post programme.

The global market for Artificial Intelligence solutions is estimated to reach $184 billion this year and around $827 billion in 2030, growing about 28.5% annually, according to Statista data.

“Artificial Intelligence solutions will be most commonly used in healthcare in the future (15.7% of the market value), especially for disease diagnosis, drug development and personalized medicine. Other areas where we will increasingly see AI solutions are in the enterprise software area such as finance and cybersecurity, manufacturing, business & legal, retail and logistics, green energy and new materials generation.  We see these international trends also in the fourth edition of AdvancingAI, where a third of the finalist startups are from the healthcare area and a significant part from the cybersecurity segment, two of the areas where people need innovation the most“, said Cristian Dascălu, Managing Partner Techcelerator.

Techcelerator, together with its partners, will showcase the best teams at the biannual Investors Day event on May 27th at BT Stup (Calea Șerban Vodă 206 – 218, Bucharest).

Investors and speakers at the event include representatives from organisations such as GapMinder VC, Techangels Romania, Bravva Angels, Notion, LaunchHub, West Regional Development Agency, SeedBlink, North-West Regional Development Agency, Startup Moldova, PortfoLion, European Investment Fund, Credo, Early Game Ventures.

Speakers include Camelia Drăgoi – Senior Mandate Manager European Investment Fund, Dan Mihăescu – founding partner GapMinder VC, Olga Melniciuc – CEO Startup Moldova, Mark Palfalvi – Principal PortfoLion, Karolina Mrozkova – General Partner Credo Ventures, Kamil Mieczakowski – Partner Notion Capital, Mălin Ștefănescu – Vice President Techangels Romania, Marius Istrate – Chairman of the Board TechAngels.

Those who wish to pre-register for the next edition of Advancing AI can do so by visiting this link: https://www.f6s.com/techcelerator.ro/apply.

Startups completing the program are:

Travatar (Poland) – offers a solution that combines cyber security and data analytics to ensure website security and provides reliable traffic data, identifying the percentage of bots vs real (human) users. The solution uses advanced security measures including behavioral biometrics and AI-based detection and helps marketing agencies and e-commerce business owners streamline the use of marketing budgets. 

Feyenally (Poland) is transforming the way of eye care with EyeTEST – an AI-based mobile app for self-examination of eyes to detect refractive errors at home, using only your smartphone.

NS-EDGE (Romania) is an artificial intelligence cybersecurity monitoring platform that displays real-time threat detection as graphs and processes terabytes of data daily, requiring low operating power.

Abrakadabra Games Technology (Turkey) a product for football fans around the world. Allows real-life videos to be transformed into games and video experiences directly on mobile devices, avoiding the complexity of 3D game engines and coding expertise. Abrakadabra enables collaboration and monetization through blockchain integration, including NFTs and digital tokens.

Naratix (Romania) a suite of artificial intelligence-based robots that add skills to e-commerce departments for most activities. Naratix increases the speed and accuracy of these actions by about 1,000 times, reducing costs by up to 99%!

Mantiscope (Turkey) is an artificial intelligence platform that accelerates diagnosis and improves patient care through automated classification and anomaly detection.

FigVision (Romania) is an artificial intelligence tool designed to shorten the design workflow for both freelancers and professional design teams. It turns any screenshot into fully editable and responsive Figma design components.

AmabiexAi (Romania) is an artificial intelligence-based medical platform. It combines imaging techniques (facial photoplethysmography (rPPG), generative artificial intelligence and advanced computer visualisation algorithms to revolutionise the way digital health diagnosis, monitoring, prevention and treatment of chronic pathologies are performed.

Beehold (Serbia) is a “digital beekeeper’s assistant” and a pioneer of AI-based solutions for beekeepers. The solution provides hive management suggestions, predicts potential problems and optimises honey production.

Access to Google’s premium resources – experts, network and advanced technologies

Selected startups benefit from a customized business case validation and optimization program where they collaborate with mentors with technical and business development expertise in artificial intelligence. Techcelerator’s team and partners provide startups with the necessary support to test and implement use cases to partner with potential customers and validate international development strategies.

The companies that perform best in the Advancing AI #4 accelerator program will directly enter the investment round attraction programs developed by Techcelerator together with local and regional investors to quickly access international markets and develop pilot projects.

Each company can also access up to $350,000 in Google Cloud and Firebase credits and benefits from Techcelerator partners such as Stripe credits, HubSpot accounts for startups, FreshWorks & Notion software products and more.

About Techcelerator

Techcelerator is the SEED accelerator for high-tech start-ups in Romania and South Eastern Europe. With offices in Bucharest, Cluj-Napoca and activities at national and regional level, Techcelerator is an accelerator and investment partner for SEED-level high-tech start-ups in the accelerator and post-accelerator phases. It targets for acceleration and investment young, innovative companies with high growth and international expansion potential in rising industries such as Artificial Intelligence, Cybersecurity, FinTech & InsurTech, B2B SaaS, eHealth, PropTech, Digital Transformation, Sustainability and Clean Tech and Aerospace & Defense. Techcelerator benefits from the strategic support provided by Google for Startups and collaborates with numerous local and European VC investors to support the tech ecosystem in Romania and South Eastern Europe.

Techcelerator has successfully supported more than 200 startups through previous accelerator rounds, as well as through various support programs organized by itself or in partnership with other entities in the ecosystem. Since launch, Techcelerator portfolio companies have received a total investment of more than €40 million through the investment rounds attracted so far.