In a groundbreaking move to foster innovation, the Nigerian government has partnered with tech giant Google to launch a ₦100 million fund aimed at empowering AI-focused startups. This initiative marks a significant step towards establishing Nigeria as a leader in artificial intelligence technology across Africa.
Key Highlights:
- ₦100 million fund to support 10 Nigerian AI startups
- The National Centre for Artificial Intelligence and Robotics (NCAIR) will coordinate the AI Fund
- Each selected startup to receive ₦10 million in funding
- Additional benefits include access to Google’s AI tools and expert mentorship
Nigeria Government’s Vision for AI Innovation
Dr. Bosun Tijani, Nigeria’s Minister of Communications, Innovation, and Digital Economy, Announced this exciting development on September 10, 2024. The fund is set to turbocharge Nigeria’s growing tech scene by identifying and backing AI startups with big potential.
“If we get it right in the public sector, it will permeate the private sector. With time, the adoption and deployment of AI will not only transform our national lives but will shape the future of things in our country,” Dr. Tijani explained.
The Nigerian government has also drafted a National Artificial Intelligence Strategy document, which is expected to shape future AI policy and guide government efforts.
Google’s Commitment to African Tech
Google’s involvement in this fund aligns with its ongoing efforts to boost digital skills across Africa. Olumide Balogun, Google’s West Africa Director, stated that this partnership is part of their larger plan to enhance tech capabilities in Nigeria and beyond.
This news comes hot on the heels of Google’s recent announcement of its latest Google for Startups Accelerator Africa program. This program focuses on creating Africa-centric products and services using AI, with five Nigerian startups among the ten selected participants.
What’s in it for Startups?
Selected startups will receive:
- ₦10 million in funding
- Access to Google’s AI tools
- Mentorship from industry experts
- Connections to a global network of partners to help scale their innovations.
Eligibility and Application Process
To be considered, startups must:
- Be based in Nigeria
- Have at least one Nigerian founder
- Focus on AI-driven solutions with global scaling potential
- Show proof of market traction for their product
The application window is open from September 10 to September 25, 2024. After a thorough selection process, the chosen startups will be announced in October.
Eligible startups can apply for the fund using this link: https://ncair.nitda.gov.ng/aifund/
