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

Paul Wilkinson, head of technology research at Tesco Labs, is expected to visit Israel for the accelerator’s launch.

“We will bring together entrepreneurs, investors, and customers at an early stage, with the aim of building companies that are well-built, relevant to the market, and have solid foundations that would enable them to be the next big thing,” said JVP’s founder and chairman Erel Margalit, a former Israeli Labor party parliament member.

Source: CTech