The Federal Government of Nigeria, through the National Centre for Artificial Intelligence and Robotics (NCAIR), has unveiled a N100 million AI Fund in partnership with Google.
This initiative is designed to support Nigerian startups harnessing Artificial Intelligence (AI) to create groundbreaking solutions across diverse sectors.
The fund will allocate up to N10 million in funding to selected startups and provide access to Google’s AI tools, mentorship, and global network.
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Dr. Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, remarked, “The AI Fund is a significant step in nurturing homegrown innovation and driving the growth of Nigeria’s digital economy. By supporting our startups, we are investing in the future of our nation.”
The AI Fund invites applications from startups based in Nigeria that are focused on AI-driven technology solutions with high impact potential. Applications are currently open, with recipients to be announced in October.
Dr. Bunmi Ajala, National Coordinator of NCAIR, emphasized the collaborative nature of the initiative: “Our partnership with Google is a reflection of our shared vision for Nigeria’s technological advancement. The AI Fund is designed to empower our entrepreneurs with the resources they need to create impactful AI solutions. We are excited to see the transformative innovations that will emerge from this program.”
Olumide Balogun, Google’s West Africa Director, reaffirmed Google’s dedication: “Google’s support for the AI Fund is part of our broader mission to enhance digital capabilities across Africa. We are committed to providing Nigerian startups with the tools, mentorship, and resources they need to innovate and succeed on a global stage.”
The AI Fund is seeking applications from Nigerian startups that meet these criteria: based in Nigeria, with at least one Nigerian founder, focused on scalable AI-driven solutions, and possessing a live product with early traction and market fit.
Interested startups can apply via the provided link, as a thorough selection process will identify promising ventures with innovative AI solutions and substantial impact potential.
Successful applicants will be revealed in October 2024, with the program set to officially commence shortly thereafter.
