Velebit AI accepted into Algebra LAB startup incubator
On November 18, 2019
Velebit AI has been chosen as one of the 10 teams in a fierce competition of 120 applicants. We are proud to be a part of the 12th generation of Algebra LAB startup incubator.
Algebra LAB Startup Incubator is one of the most successful and well-known Croatian incubator programs for startups. The incubator is the successor of the ZIP incubator, which has been the main incubator program in Croatia’s capital Zagreb for many years. This is the 12th generation of startups accepted into the program. This year the program is realized in collaboration with Fil Rouge Capital and the INA ANI startup program.
The project we are accepted with is called: Very short term precipitation prediction. It’s a useful forecasting concept providing the final beneficiary with a very precise overview of the meteorological conditions for the subsequent hours. It is indispensable in delivering timely weather alerts during the periods of unstable atmospheric conditions and emergencies such as firestorms or floods. This project proposal focuses on the delivery of precipitation nowcasting service based on deep neural networks. By implementing an innovative approach, the project aims to provide a unique service, both for the Croatian and international markets enabling a very precise forecast of precipitation location and intensity within the subsequent 10-180 minutes.
Velebit AI has been chosen as one of the 10 teams in a fierce competition among 120 applicants, and we are proud to be accepted into the program. The incubator program features many renowned mentors and learning workshops all of which have helped many startups in reaching their true market potential.
We are proud to announce that Velebit AI has, among the first, joined a recently established CroAI association. At Velebit AI, we believe artificial intelligence is becoming the driving force of the world's economy.
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