Banco Santander and Microsoft join the Oxentia Foundation in a new way global challenge for entrepreneurs from 11 countries seeking innovative solutions in the field of artificial intelligence that make a positive impact and help society to face the challenges that lie ahead.

Santander X Global Challenge | The AI ​​Revolution is aimed at startups and scalers from Germany, Argentina, Brazil, Chile, USA, Spain, Mexico, Portugal, Poland, UK and Uruguay, who will be able to Sign up for the challenge until April 27th.

There will be six winning projects, which will receive a prize pool of 120,000 euros: 30,000 euros for the three winning startups (10,000 euros each) and 90,000 euros for the three best scale-ups (30,000 euros for each). Additionally, the winning team will travel to Silicon Valley for the awards ceremony on June 29.

The winning companies will have access to Santander X 100, the global entrepreneurial community with the most outstanding Santander X projects, connecting them with the resources they need to grow: advice and training, capital, clients, talent and networks.

In addition, they will receive exclusive mentorship from Microsoft’s artificial intelligence experts and the opportunity to present their project to M12, the company’s Venture Capital.

For Diego Calascibetta, global director of Open Entrepreneurship and Innovation at Santander Universities, “artificial intelligence is a fast-paced technological revolution and, as in any cutting-edge sector, innovation is key to ensuring development that leads to sustainable society. With these challenges we want to support and accompany companies in this sector who share our vision of a technology that is destined to come into our lives much sooner than we thought.”

Jens Hansen, General Manager Data & AI at Microsoft EMEA, notes that “at Microsoft we have always seen technology as a catalyst for progress, and we believe that Artificial Intelligence can positively impact and change our lives when used responsibly. We are committed to democratizing the use of AI, which is why we are excited to join Banco Santander in the Santander X Global Challenge | AI revolution”.

Steve Cleverley, CEO of Oxentia Foundation, highlights that “exploring exciting new technologies and helping entrepreneurs address global challenges in innovative ways is at the heart of our work. We’re excited to be collaborating with Banco Santander and Microsoft to launch this new challenge. Artificial Intelligence is playing an increasingly important role in our lives and we look forward to learning more about the best cutting-edge technologies and transformative solutions from the candidates.”