Yigit Taha OZTURK 
Fetch.ai, a crypto artificial intelligence company built on Cosmos, has announced a $10 million accelerator program to support startups developing solutions in AI agents, quantum computing, and high-performance technology.
The program will operate through Fetch.ai’s Innovation Lab, with hubs in San Francisco, London, and India. The lab will provide funding, mentorship, and access to Fetch.ai’s agent-based technologies, enabling startups to scale globally.
Humayun Sheikh, CEO of Fetch.ai and chairman of the ASI Alliance, stated that this program will redefine software development processes and serve as the execution layer for modern technologies.
From Research to Real-World Applications
The program will feature boot camps, workshops, and expert lectures in collaboration with international organizations, such as the Massachusetts Institute of Technology (MIT)‘s Web.lab initiative.
Fetch.ai’s proprietary AI agent technologies will allow startups to derive actionable insights from AI models.
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According to Sheikh, AI agents will replace traditional APIs, becoming the new interface for software interaction and task execution. Beyond acting as intermediaries, agents will manage complex workflows as dynamic tools.
Accelerator Program Details
The program includes year-round training and innovation competitions, ensuring startups receive mentorship and resources. Participants will also have the opportunity to pitch their projects to investors and industry leaders.
Sana Wajid, Chief Development Officer at Fetch.ai Innovation Labs, emphasized that the lab will continue supporting young talent and provide funding for early-stage startups.
Wajid noted that the lab aims to expand globally by partnering with international innovation hubs and research organizations to access global markets and ideas.
AI Agents: A Bubble or True Potential?
Sheikh highlighted the crucial role of AI agents in the crypto ecosystem and the ASI Alliance, a collaboration between Fetch.ai, Ocean Protocol, and SingularityNET to accelerate decentralized AI adoption.
However, some industry players argue that AI agents are overhyped. Condz, founder of Web3 startup Acolyte AI, stated in a Dec. 29, 2024, post on platform X that AI agents may be “narrative-driven” and warned that many projects in this space could either be scams or fail to deliver on their promises.
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