Remember that San Jose grant program for AI startups I mentioned yesterday? Well, we’ve got some more details on that now.
The city officially opened applications for grants to incentivize AI startups to move to downtown San Jose. There are three $50,000 grants on offer and another for $25,000 to AI companies at any stage that are looking to create a presence in the city. Bonus points if the startup focuses on civic problems for social good.
“We have seen a growing narrative that the Bay Area is a tough place to do business,” San Jose mayor Matt Mahan told TechCrunch. “People are worried about the high cost of living, the lack of affordable housing, and have a lot of concern about whether or not they should start a company in the Bay Area, and we want to take on those concerns head-on.”
Correction: This post has been updated to reflect the correct grant amounts
