We are living through uncertain and unprecedented times. But here at Fountech.ai, amidst the devastating coronavirus pandemic, we have never been more sure of the power of leading edge technology to address the world’s problems.

With that in mind, we are delighted to announce the launch of Fountech.Ventures, a next generation incubator for deep tech startups in the US and UK. It will take amazing ideas for deep tech products and services and help to transform them into successful businesses, in turn benefiting consumers, businesses, governments and societies.

It is the second subsidiary company that Fountech.ai has rolled out in 2020; it follows the launch of Fountech.Solutions – a new artificial intelligence (AI) consultancy – earlier in March. You can read more about that here.

The offering

So, what makes Fountech.Ventures a “next generation incubator”? Simply put, the term incubator would not do justice to what Fountech.Ventures offers – it goes well beyond standard incubators, providing broader services over a longer timeframe, meaning founders of deep tech startups can fast-track their businesses from ideation to commercial success.

Fountech.Ventures is based in Austin, Texas, US and originated in London, UK. It develops tailored programmes for members, sharing technical and commercial knowledge along with the provision of interim CEOs, funding, business advice, office space and international networking opportunities.

The portfolio

Fountech.Ventures already has six brilliant portfolio companies. These include Soffos, an AI TutorBot; Prospex, an AI-powered lead generation tool; and Dinabite, a restaurant app built on an AI platform.

Its initial cohort has been filled, but the next generation incubator is always keen to identify compelling teams with leading edge capability. If you are one of those, please contact Fountech.Ventures for an initial assessment.

The team

Headed by Salvatore Minetti, a team of experienced tech experts will work with deep tech startups that have AI at their core. Based on progress and continuous assessments, Fountech.Ventures will invest its own funds into its portfolio companies, from pre-seed level right through to Series B.

Rebecca Taylor and Joseph McCall have joined the Fountech.Ventures board as directors. The board is to be bolstered further with additional appointments in the coming weeks.

Rebecca is an industry fellow at UT-Austin’s Ethics Project and a senior-level executive with 35 years’ experience in inventing new technologies, forming startups, building committed teams and raising funds. Joseph is an experienced investor and advisor in the technology space, which includes being the executive director at the Texas Nanotechnology Initiative and an investor within Texas’ International Accelerator.

Fountech.ai kicks into overdrive

As mentioned earlier, Fountech.Ventures is the second subsidiary company that Fountech.ai launched this year. The first was Fountech.Solutions – the AI consultancy will provide clients with the advice and guidance they need to create an AI adoption strategy. Led by chief operating officer Ero Georgiades, Fountech.Solutions’ team of AI boffins will use their commercial, scientific and technological expertise to fuel organisations’ growth through AI.

In the coming months, we are pleased to announce that we will also launch Fountech.Science, an exploration firm that will investigate new, novel ways in which AI can be used to tackle pressing issues affecting consumers, businesses and governments.

Watch this space for more exciting announcements in the coming weeks – and be sure to subscribe to the Fountech.ai monthly newsletter to be kept up-to-speed on all of our latest news!