Early-stage deep tech founders working in AI and ML, or sectors like mobility, robotics and semiconductors are generally better off raising funds, seeking mentorship and connecting with potential customers via investors who aren’t expecting rapid growth and expansion.

Because corporate VC looks for strategic plays that can accelerate their companies’ tech adoption and expand access to markets, they’re often more in alignment with deep tech startups. They also cast a wider net — while Y Combinator enrolls 1.5% of the applicants it receives, Intel Ignite is still highly selective, but it has a 4% acceptance rate and a broader global reach, says VP and GM Tzahi Weisfeld.

In this episode, we discussed his program’s selection and evaluation process, the kind of team Intel Ignite wants to mentor, and how they help deep tech founders overcome common challenges like feature prioritization and hiring.

“We look at the size of opportunity for Intel to be engaged,” said Tzahi. “And for us to look at this as a relevant thing, we would want to see a major impact.”

Interested in more corporate venture capital insights? I’m interviewing two more CVCs this season: Kevin Weber (managing director, Amex Ventures) and Nicolas Sauvage, (president, TDK Ventures), so please subscribe to Fund/Build/Scale on your preferred podcast platform.

Links:

• Intel Ignite