UK?? Giants Tesco & Barclays To Launch Startup Accelerator In Israel??

British supermarket chain Tesco PLC, and financial services firm Barclays partnered with venture firm Jerusalem Venture Partners (JVP) to launch an AI startup accelerator in Jerusalem, the companies announced Monday. Further partners in the new accelerator include accounting firm Deloitte and Microsoft.

The new accelerator, to be called JVP Play, will focus on AI and Deep Learning applications for retailers and financial services. The partners will be involved in startup selection, and help participating companies to tailor products for global markets.