Nvidia forms Inception VC Alliance to connect AI startups with venture capital

Nvidia has formed its Inception VC Alliance to connect AI startups with venture capital. The move will help connect more than 7,500 startups in the company’s Inception program for AI tech with venture capital firms.

Jeff Herbst, vice president of business development and head of Inception at Nvidia, unveiled the alliance today at the AI Day for VCs event during Nvidia’s annual GTC 21 conference. Nvidia CEO Jensen Huang unveiled the company’s latest products on Monday in a keynote speech where he talked about the company’s new Grace central processing unit (CPU).

“We always felt a very strong connection to the ecosystem. We give them technology, we introduce them to our 150 different software development kits, we give them joint marketing, we introduce them to investors,” Herbst said in an interview with VentureBeat. “We give them Cloud Credits. We give them discounts for GPUs.”

Above: Nvidia’s Jeff Herbst (top left) leads a panel on AI startups at GTC 21.

Image Credit: Nvidia

AI adoption is growing across industries, and startup funding has been booming. Investment in AI companies increased 52% last year to $52.1 billion, according to PitchBook. The Inception AI startups are up 9 times from 2016, Herbst said.

The alliance aims to help investment firms identify and support leading AI startups early, as part of their effort to realize meaningful returns down the line. The goal is to educate VCs about AI opportunities and nurture startups, Herbst said.

Above: Inception has more than 7,500 AI startups.

Image Credit: Nvidia

“AI is growing like a weed. We’re over 7500 companies, and it’s not going to be long before we’ve doubled that,” he said. “The ecosystem is clearly exploding. And VCs are a super important part of it. Startups need VCs, and VCs need startups. It’s just that simple fuel for startups to grow. We have thousands of VCs that are already part of our ecosystem, but we’ve never formalized the partnership with them until now.”

Founding members of the alliance include venture firms NEA, Acrew, Mayfield, Madrona Venture Group, In-Q-Tel, Pitango, Vanedge Capital, and Our Crowd. More VCs can apply here.

Above: Nvidia’s Inception AI startups by industry.

Image Credit: Nvidia

The Nvidia Inception VC Alliance is part of the Nvidia Inception program, an acceleration platform for startups working in AI, data science, and HPC. These startups represent every major industry and are located in more than 90 countries.

Among its benefits, the alliance offers VCs exclusive access to high-profile events, visibility into top startups actively raising funds, and access to growth resources for portfolio companies.

“It’s both a corporate goal and a personal goal to extend this ecosystem around the world,” Herbst said.

Above: Nvidia’s Inception AI startups are from the green countries.

Image Credit: Nvidia

Nvidia currently counts about 40 companies it has invested in directly. Around 300 Inception companies are making presentations at the GTC 21 event, which is expected to have an online audience of about 150,000. And around 35 of the startups are in emerging markets, Herbst said.

“Is there parity in the world with AI startups? No,” Lopez Research analyst Maribel Lopez said on the panel. “Do we have a long way to go? Yes. But I’m seeing exciting things like Cuda, a fintech startup in microfinance in Africa.”

These startups are using AI for a wide range of tasks, like figuring out what percentage of fisheries in the world are operating illegally.

“Now that Jensen has shown the roadmap, people know that Nvidia is a complete platform, with CPUs, GPUs, DPUs, and everything that enables these startups to do their life’s work.”

Above: Nvidia’s Inception AI startups over the years.

Image Credit: Nvidia

On Monday, Herbst moderated a panel on investing in startups around the globe and the need to create a more diverse ecosystem for entrepreneurs. He estimated there are 12,000 to 15,000 AI startups around the world and said Nvidia is only in touch with about half of them through Inception.

“It’s an open invitation to join our ecosystem,” Herbst said. “Nvidia loves startups.”

Herbst said about 16% of Inception members are part of the health care industry. Growth areas include robotics, self-driving cars and trucks, and data science.


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Tech News

Get the most out of Google Forms with these 6 settings

When businesses are choosing a form app, there seems to be a perception that Google Forms is too simple. This is unfortunate, because it’s a pretty robust tool—if you know how to find all the options.

Here are a bunch of settings that make Google Forms much more powerful. Go ahead and make a new form, and then click the gear icon in the top-right corner.

We’ll go over a few of the best features hidden inside that icon, then move on to a few other things you should know about.

Make sure everyone only submits one entry

By default, Google Forms don’t collect email addresses. This is useful because people can respond anonymously and because people don’t need a Google account to fill out your form. The downside: you can’t confirm who provided which answers, and people could in theory submit the form multiple times.

You can prevent this in the General tab of the settings. Just make sure Limit to 1 response is checked, and you’re done.

Checking the box limiting to one response

Note that users will have to be signed in using a Google account for this to work, so it’s probably better for internal usage than it is for anything customer-facing (unless you’re absolutely certain that all of your customers are Google users, I guess, but I wouldn’t assume that in most cases).

Want to see which email address is connected to which form responses? Make sure Collect email addresses is checked.

Checking the collect email addresses box

Turn a Google Form into a quiz, complete with grades

You can turn any Google Form into a multiple-choice quiz, allowing you to grade tests and quizzes automatically. Just head to the Quizzes section in the settings for your form.

Quizzes tab in settings

Multiple-choice questions can be graded in real time—just point out the correct answer, and Google Forms will take care of the grading for you.

An example of a multiple choice question

You can also include short or long responses in a quiz, though in these cases, grading will have to be manual.

An example of a short answer question

This option turns Google Forms into a very customizable testing tool, so be sure to give it a shot if you’ve been considering other tools for this purpose.

Add a custom header image and colors to Google Forms

Google Forms, by default, is extremely purple. Maybe you love that, think it’s perfect, don’t want to change it at all, and honestly, I respect you—purple is great. But if you want to change things up, you should learn how to make the perfect Google Forms header image. Start by clicking the paint palette icon.

The palette icon in Google Forms settings

From here, you can upload an image. Google will match the color scheme from that picture (which you can then adjust if you want).

A header image with Winston the dog

Take a look at our full tutorial to learn how to properly size your logo or anything else for your header image.

Logo in a header image on Google Forms

Use form sections and logic in Google Forms

Want your form to spread over multiple pages, or for some questions to only show up depending on earlier answers? You need to create form sections and logic in Google Forms.

Form sections are simple: just click the Add section button on any question.

Adding a section in Google Forms

Just like that, you’ve split your form into multiple sections.

A new section in Google Forms

You can also send respondents to different sections depending on their answers. This could allow people to skip entire portions of the form that aren’t relevant to them, or it could allow you to ask different people different questions entirely. To get started, click the three dots at the bottom-right of a multiple-choice question.

Go to section based on answer in Google Forms

See our full tutorial for more details.

Use a Google Forms template

Building a template from scratch isn’t hard, but in many cases, you don’t have to: Google offers pre-built templates for all kinds of obvious use cases.

Templates in Google Forms

You can find this collection by heading to Google Forms, then clicking the Template gallery.

Template gallery in Google Forms

If you’re using Google Workspace (formerly G Suite), you can create templates that your entire company can use. If you tend to make many similar forms, there’s no need to start from scratch each time.

Store Google Forms responses in Google Sheets

By default, responses to Google Forms questions live in Google Forms itself, but you can automatically send all responses to a Google Sheet if you want. Just head to the Responses section.

Responses tab in Google Forms

From here, click the Google Sheets icon.

Spreadsheet icon in Responses tab in Google Forms

Just like that, all of your responses will be sent to a Google spreadsheet in your Google Drive.

This article by Justin Pot was originally published on the Zapier blog and is republished here with permission. You can read the original article here.

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