On March 27, Presight, a global leader in AI-powered big data analytics, signed a Memorandum of Understanding (MoU) with Microsoft to support the Presight AI-Startup Accelerator.

The UAE-based program is designed to empower AI startups by giving them access to advanced technology, strategic mentorship, and expanded networks within the UAE, the G42 ecosystem, and Presight’s international markets. The initiative also offers venture funding opportunities to help startups scale and compete globally.

As part of the collaboration, Microsoft will offer technical expertise, mentorship, and market acceleration through its Microsoft Founders Hub. Startups will have access to high-performance computing, cloud services, and AI models, including LLMs and Gen AI-powered analytics.

Selected startups will benefit from Microsoft’s mentorship network, gaining strategic insights and technical guidance throughout their development.

Thomas Pramotedham, CEO of Foresight, said: “Microsoft and we share the same passion for AI innovation and nurturing the next wave of AI pioneers. Our collaboration underscores our dedication to empowering startups with the tools and opportunities they need to thrive.”

Launched during Gitex Global last year, the Presight AI-Startup Accelerator targets startups with a prototype ready for market testing. The program supports refining AI-powered products, optimizing go-to-market strategies, and integrating into Presight’s product pipeline, while offering networking and promotional opportunities.

Graduates will emerge as market-ready companies with validated product-market fit and scalable business models.

Naim Yazbeck, General Manager of Microsoft UAE, commented: “We are excited to collaborate with Presight to support AI startups. The Microsoft Founders Hub will provide the resources and mentorship needed for innovation and scaling.”

The initiative builds on Microsoft’s $1.5 billion investment in G42 to drive AI innovation. Presight and Microsoft already collaborate on multiple projects within the G42 ecosystem.