BUSINESS
Google Releases N259 million for Nigerian Startups with AI, See how to apply
Google is providing entrepreneurs in Nigeria and other countries in Africa with roughly N259 million to use artificial intelligence to solve problems.
According to Google, the program aims to strengthen African companies through ecosystem support systems including mentoring.
The tech behemoth Google has developed strategies to support startups in Nigeria and other African nations with technology to address challenging local issues.
Through its Startups Accelerator: AI First program, the tech company is supporting the project. The project, according to the company, intends to encourage African entrepreneurs looking to employ artificial intelligence (AI) to address problems, particularly those in their immediate environment.
Google to roll out powerful tools for Nigerian, African startups
The company said participants will benefit from access to Google’s AI experience and technical resources, including $350,000 Google Cloud Credits, mentorship from experienced AI professionals, and invaluable networking opportunities.
It said that the project recognised the disruptive role that AI plays across the world.
Google also highlighted the importance of the contributions of African startups in Africa in solving some of the continent’s most critical issues.
The company revealed that the AI First initiative is designed to support startups in delving into AI’s potential.
Riding on the success of past initiatives such as Google for Startups Accelerator: Africa, the Google for Startups Black Founders Fund, and The Google for Startups Accelerator: Women Founders, the key aspiration remains consistent in supporting and boosting African-driven solutions.
Company seeks startups using AI to solve complex problems
The company hopes that more development will come to the AI community.
Google’s Head of Startup Ecosystem, Africa, Folarin Aiyegbusi, revealed that Africa’s tech ecosystem is vibrant and evolving.
He said:
“It’s inspiring to see African startups harnessing AI to address our unique challenges and setting benchmarks for the world. ‘AI First’ is more than a program; it’s a testament to our belief in the vision of these startups, ensuring they have the support and guidance they need to realise their full potential.”
Reports say that Aiyegbusi stated that the 10-week equity-free accelerator is now open. Google is inviting startups to the series A stage in Africa or developing Africa-focused solutions with AI and machine learning.
Deadline and how to apply
He stated that startups are expected to apply on the Google Accelerator website between now and September 6.
Google said the Google for Startups Accelerator: Africa Programme has supported 106 startups from 17 African countries.
The startups have raised over $263 million in funding and created over 2,800 direct jobs on the continent.
