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Consortium TTT.AI launched for AI startups from knowledge institutions

A knowledge and investment consortium, consisting of a large group of Dutch universities and a venture investor, has been granted a €8 million grant to accelerate the application and commercialisation of innovation in the field of Artificial Intelligence (AI).

Anita Lieverdink, coordinator of the Startups & Scale-ups working group of the Netherlands AI Coalition (NL AIC): “The NL AIC supports the TTT.AI consortium because this initiative is an important addition to our agenda. It will provide more knowledge-based startups in AI, strong support for them and improved access to capital for these young tech companies. If we want the Netherlands to think and act bigger, we need to join forces and learn from each other. As with the NL AIC, TTT.AI involves collaboration with many parties on a national level and that is exactly what is going to make the difference.”

The TTT.AI consortium focuses on transferring knowledge from AI research and providing early stage funding to startups that originate from a knowledge institution. The University of Amsterdam is the leader of the project. LUMO Labs from Eindhoven is the investor responsible for providing early stage funding. The consortium receives the subsidy from the Thematic Technology Transfer (TTT) scheme of the Rijksdienst Voor Ondernemend Nederland (RVO).

Desk for AI startups from knowledge institutions

The consortium combines the forces of top researchers, business developers, investors and entrepreneurs in the field of AI. The primary themes are care, safety and human-centred AI, but promising initiatives from other themes can also call on the consortium.

About TTT.AI and partners

The project connects a large number of influential Dutch players in the field of Technology Transfer and startups in AI. The key players are the University of Amsterdam, Vrije Universiteit, University of Utrecht, Radboud University and TU Eindhoven, as well as the university medical centres of Amsterdam, Utrecht and Nijmegen and the Centre for Mathematics and Computer Science (Centrum Wiskunde & Informatica). In addition, the other technical universities, universities of applied sciences, incubators, regional development agencies, the Innovation Centre for Artificial Intelligence (ICAI) and the Netherlands AI Coalition are connected as partners.


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