Malaxmi’s Sedibus Signs MoU with 50K Ventures to host Machine Learning Boot Camps in Amaravati

The Sedibus of Malaxmi Group has signed MoU with 50K Ventures, Hyderabad based early stage investment firm to conduct their signature programs, Artificial Intelligence and Machine Learning boot camps in Vijayawada and Amaravati. The pact was signed at Malaxmi Office in Vijayawada yesterday.

The Sedibus, an undertaking of Malaxmi Group is a 360 degree complete startup ecosystem creating sustainable and innovative entrepreneurship in India. With their first startup platform in Vijayawada and Amaravati, The Sedibus offers incubation, acceleration, networking platform and co work spaces. They have started conducting various programs that identify and close the existing gaps. Some of them include boot camps, hackathons, demo days, startup pitches, investor summits, accelerator innovator programs, smart city drives, disruptive challenges and mentor talks.

50K Ventures is an effective platform for tech startups at the earliest stage of their life-cycles providing access to seed funds. Great place for investors and experts to find, fund and nurture ground-breaking ideas that will make a difference, they have a proven track record of conducting programs such as startup pitches, boot camps and hackathons. 50K Ventures is operating pan India to create an impact for the startup entrepreneurs and students.

“After the kickoff of the initial activities, we are very happy that 50K Ventures has come forward to work along with us to develop the startup ecosystem in Amaravati and AP. We are looking forward to organizing a line of boot camps and hackathons in Vijayawada and Amaravati as part of our endeavor to make a ground level impact” said Harish Chandra Prasad, Founder and Chief Mentor, Malaxmi Group.

“The AI and ML boot camps are particularly useful for the students in the campuses, when they are just about to start out with disruptive ideas in tech. Signing up with 50K Ventures is a great beginning and opportunity to offer mentoring in the arena of automation” said Deepa Balasubramanian, CEO, The Sedibus.

“Machine Learning and Artificial Intelligence technologies are fundamentally transforming the way we live and are creating new opportunities for startups to innovate and build new businesses. We strongly believe that this workshop will empower students and entrepreneurs by providing them understanding of how to leverage these technologies to build solutions” said Harsha Avvari, COO, Wavelabs and Technology Advisor for 50K Ventures.

50K Ventures will conduct their pilot cohort in Vijayawada and Amaravati in November in collaboration with The Sedibus to cater to the students in the sphere of technology with interests in Machine Learning and Artificial Intelligence. The potential products coming out of boot camp will be considered for seed funding by 50K.