What is the real per-recipient economic value?

USD 1,000,000 maximum. Award minimum: 1000000. Dilution/equity: equity investment.

Which jurisdictions and applicants are eligible?

The archived Converge 2 program invited early-stage AI founders globally, but current eligibility cannot be assumed. The $1m was an investment, not a non-dilutive grant.

Early-stage companies using AI to create substantial impact; A founding team and product suitable for intensive acceleration; Investment readiness rather than grant-project compliance

What burden or follow-on should I expect?

Investment documents and accelerator participation obligations; not grant reporting. Possible Startup Fund follow-on investment is discretionary, not promised.

OpenAI Startup Fund — Converge Accelerator

USD 1,000,000 maximum; see notes for structure · OpenAI Startup Fund

Selective ~5–6 week accelerator for engineers, designers, researchers, and builders using AI to reimagine products. Includes API credits/access and community, alongside a Startup Fund investment. Current status: closed; Converge 2 was a historical six-week cohort; no Converge 3 application window is published. Award economics: USD 1,000,000 maximum; dilution/equity: equity investment.

Tier 2aiacceleratorcompute-creditsstartup-fund

Apply Official site Open in the live directory

Key facts

Funder	OpenAI Startup Fund
Amount	USD 1,000,000 maximum; see notes for structure
Decision time	Historical selection for a six-week program; current decision timing is unavailable because the call is closed.
Eligibility	The archived Converge 2 program invited early-stage AI founders globally, but current eligibility cannot be assumed. The $1m was an investment, not a non-dilutive grant.
Restrictions	Investment documents and accelerator participation obligations; not grant reporting. Dilution/equity: equity investment.
Status	closed

Always confirm on the official page before applying — dates and terms change.

Application process

Historical online application
Selection by OpenAI Startup Fund
Six-week program with technical and founder support
Receive $1m equity investment under negotiated documents

Background

OpenAI Startup Fund operates OpenAI Startup Fund — Converge Accelerator. The official-source pass separates the currently actionable opportunity from historical cohorts and separates per-recipient value from headline program envelopes. Official Converge 2 material described a $1m investment per participant.

How the application really works

Historical online application → Selection by OpenAI Startup Fund → Six-week program with technical and founder support → Receive $1m equity investment under negotiated documents

Tips

Demonstrate: Early-stage companies using AI to create substantial impact
Demonstrate: A founding team and product suitable for intensive acceleration
Demonstrate: Investment readiness rather than grant-project compliance

Watch out for

Current status is closed; do not use an archived form.
Dilution/equity treatment: equity investment.
Investment documents and accelerator participation obligations; not grant reporting.

Track record

Official Converge 2 material described a $1m investment per participant.

No official applicant, cohort or acceptance count was located for Converge 2.

Frequently asked questions

Is this opportunity actionable now?: closed. Converge 2 was a historical six-week cohort; no Converge 3 application window is published.
What is the real per-recipient economic value?: USD 1,000,000 maximum. Award minimum: 1000000. Dilution/equity: equity investment.
Which jurisdictions and applicants are eligible?: The archived Converge 2 program invited early-stage AI founders globally, but current eligibility cannot be assumed. The $1m was an investment, not a non-dilutive grant.
How does selection work?: Historical online application; Selection by OpenAI Startup Fund; Six-week program with technical and founder support; Receive $1m equity investment under negotiated documents. Historical selection for a six-week program; current decision timing is unavailable because the call is closed.
What appears to win?: Early-stage companies using AI to create substantial impact; A founding team and product suitable for intensive acceleration; Investment readiness rather than grant-project compliance
What burden or follow-on should I expect?: Investment documents and accelerator participation obligations; not grant reporting. Possible Startup Fund follow-on investment is discretionary, not promised.

Sources

www.openai.fund/news/converge-2 — Official archived Converge 2 terms and program description (checked 2026-08-10)
openai.fund — Current Startup Fund site; no open Converge application located (checked 2026-08-10)