WHO WE ARE
Growth, Support, Resilience & Sustainability
Artificial Intelligence Scaleup Investment Program
The global artificial intelligence market size was valued at USD 24.9 billion in 2018 and is anticipated to expand at a CAGR of 46.2% to $390.9B by 2025 (Grand View Research).
Boab AI, is a scaleup investment program based in Melbourne, investing in Victorian and international AI companies ready to expand globally.
Our mission is to connect an ecosystem of entrepreneurs, government organisations, universities / research institutes, corporations / industry groups and investors working to grow AI opportunities in Victoria and around the world.
Boab is backed by Artesian Venture Partners, Australia's largest and most active early stage VC firm.
Boab offers an investment of $300,000 capital and best-in-class support services for company selected to participate in the scaleup program, with potential follow on investments of up to $5,000,000.
The iconic Boab, also called the bottle tree or tree of life, is incredibly resilient, capable of living for over 1,000 years.
In inhospitable climates the Boab can also be a life saver for other species, with its trunk, or caudex, able to hold up to 1,000 litres of water.
Summary of Scaleup Program
Boab helps AI scaleups, and their founders, to accelerate growth while ensuring the resilience and sustainability of their business. Boab provides domain and industry expertise, funding, access to customers, distribution, investors and capital markets expertise.
Corporations & Industry Groups
Corporations and industry groups no longer underestimate the disruptive risks of agile startups & scaleups but struggle to find opportunities in an opaque innovation ecosystem. Boab provides opportunities to identify, mentor, learn from, partner with and invest in world class AI scaleups
Universities & Research Institutes
Boab works in partnership with universities and research institutes to identify, evolve and develop revolutionary intellectual property, research, technology and ideas into scalable and sustainable businesses with the potential to change the world.
Government organisations must embrace new ideas in innovation and science, and harness new sources of growth to deliver the next age of economic prosperity. AI is a powerful technology that can boost the economy, raise incomes and improve quality of life.
Financial & Strategic Investors
Artificial Intelligence is the transformative technology of our generation. Boab AI provides financial and strategic investors with a pre-screened and de-risked pipeline of the world’s top high growth AI scaleups for co-investment.
DATA, RESEARCH & Advisory
Boab helps build, map, benchmark, analyze and scout the AI Innovation ecosystem. It facilitates and increases the connectivity of the ecosystem, bridging the divide between the research and commercial economies and can provide data, research and advisory/consulting services.
The essence of intelligence is the principle of adapting to the environment while working with insufficient knowledge and resources. Accordingly, an intelligent system should rely on finite processing capacity, work in real time, open to unexpected tasks, and learn from experience. This working definition interprets “intelligence” as a form of “relative rationality".
Pei Wang, 2008
BRANCHES OF AI
Artificial Intelligence: Any technique which enables computers to mimic human behaviour.
Machine Learning: Techniques which use statistical methods to enable machines to improve with experiences.
Neural Networks: Type of machine learning, in which a machine learns to perform tasks by analyzing training examples.
Deep Learning: Makes the computation of mutilayer neural networks feasible.