According to ElevenLabs (@elevenlabsio), over 4,000 Startup Grants have already been awarded to leading AI startups such as Allo, Layer, Opus, Lucida, and Yarn. This initiative aims to accelerate the development and commercialization of advanced AI voice and language models. These grants provide early-stage AI companies with essential funding and resources, enabling them to innovate in natural language processing, speech synthesis, and conversational AI. The program strengthens the AI startup ecosystem and opens new business opportunities in voice technology, virtual assistants, and generative AI applications (source: @elevenlabsio, August 12, 2025).