VentureBeat August 9, 2023
Amazon Web Services (AWS), the largest and most lucrative cloud services provider in the world, has been running accelerator programs for startup founders for years, equipping them with knowledge and expertise on how to build their companies, as well as AWS developer credits. AWS told VentureBeat it has assisted 50 underrepresented Black, Latino, and female entrepreneurs through its accelerators.
But, the cloud arm of the e-commerce giant also had an issue: it was receiving many applications from early-stage startup founders it couldn’t accommodate in existing accelerator programs due to the program requirements.
“We were rejecting probably about 48% of the startups that applied because they were too early,” said Denise Quashie, the Head of Startup Programs at AWS.
Now, AWS...
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