Prague as a center of artificial intelligence – this is the courageous plan promoted by the AI Startup Incubator. It wants to support companies that develop interesting ideas for how to use artificial intelligence in practice. Our guest is its co-founder, Petr Šrámek.

Prague as a center of artificial intelligence – this is the courageous plan promoted by the AI Startup Incubator. It wants to support companies that come up with interesting ideas for how to use artificial intelligence in practice. Over a period of two years, it will provide roughly a quarter of a billion korunas to realize their visions.

In what areas could artificial intelligence play an important role and what companies have a chance to succeed in the incubator? These questions will be answered by its founder, Petr Šrámek.

Welcome to the show.

What does a company have to do to get support from your incubator?
What criteria will you use to assess the projects?

It doesn’t have to be a company at all; it can just be a group of enthusiastic individuals with an innovative idea using AI technologies.

How will the two-year incubator program look exactly? Will the companies regularly present their interim results? Will you also provide them with mentors to help with development?

They have to have the prerequisite knowledge and abilities to implement their ideas. We will help them.

How will it look?

First, the team focuses on product development. Then it concentrates on communication with customers. We check their progress and help them set their goals. For that purpose we have a team of people, even from other areas such as finance. We have a host of mentors and we connect them with the team.

What areas would you like to see penetrated by Czech-developed artificial intelligence? Are you focusing on any specific topics?

There are, of course, many areas, and they are diverse. The most interesting ones are education, healthcare, marketing, and human resources.

The first companies have already applied, with around 90 of them having shown an interest. What are some of the projects that have been submitted?

For instance, diagnostic methods for cancer research, mass language learning, and others. The Czech Republic has a technological base and skillful developers, but the first step, starting something, is often not taken.

What do you see as the primary Czech potential? How could we break through in the world? What could be our contribution?

The potential lies in knowledge, but people are unwilling to start doing business. There’s an unwillingness to take risks. We are here to help them and support them so that they can fully focus on their projects.

An incubator that will support artificial-intelligence projects was presented to us by its founder, Petr Šrámek.

Thank you for the information.