By Emmanuel Ogbodo
The Federal Government of Nigeria, through the National Centre for Artificial Intelligence and Robotics (NCAIR), has opened applications for a N100 million AI Fund, backed by Google. This initiative aims to support Nigerian startups developing AI-driven solutions, as part of broader efforts to drive technological innovation and economic growth in the country.
Startups that meet the following criteria can apply for the fund:
– Headquartered in Nigeria.
– Have at least one Nigerian founder.
– Focus on AI-driven solutions with potential to scale beyond the local market.
– Have a live product with early traction and product-market fit.
Selected startups will receive up to N10 million in funding and access to Google’s resources, including AI tools, mentorship, and a global network. Applications opened on September 10, 2024, and will close on September 25, 2024.
Dr. Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, emphasised the AI Fund’s importance in nurturing local innovation, contributing to economic growth, and fostering the future of Nigeria’s digital economy. Dr. Bunmi Ajala, NCAIR’s National Coordinator, highlighted the partnership with Google as a testament to their shared vision for advancing Nigeria’s technological capabilities.
Olumide Balogun, Google’s West Africa Director, reaffirmed the company’s commitment to enhancing digital capabilities across Africa, aligning with its broader mission to support AI-driven innovation.
