AI Fund in Collaboration with Google
Supporting Innovation in Artificial Intelligence in Nigeria
Why an AI Fund?
Artificial Intelligence (AI) is transforming industries worldwide, driving innovation, efficiency, economic growth and new business models. To unlock the full potential of AI in Nigeria, we are launching the AI Fund in collaboration with Google, a dedicated initiative to support and nurture the next generation of AI-powered startups in Nigeria.
Why is this important for Nigeria?
Nigeria is the largest economy in Africa with a thriving technology ecosystem and a youthful, tech-savvy population. We have a rich pool of talent and a growing number of tech entrepreneurs who are creating solutions tailored to the unique challenges of the African continent. However, despite this potential, Nigerian startups often face funding constraints and lack the necessary resources to scale their solutions.
By fostering the development of Artificial Intelligence in Nigeria, we aim to:
- Address local challenges with AI solutions.
- Drive job creation and economic growth.
- Establish Nigeria as a competitor in the African and Global AI landscape.
More about the AI Fund
The AI Fund in Collaboration with Google is an initiative designed to empower 10 Nigerian startups leveraging AI in their technology products. The N100 million fund will provide:
Financial Support
Grant funding of up to ₦10 million per startup.
Technical Expertise
Access to Google AI tools, resources, and mentorship from Google engineers.
Network & Visibility
Connection to Google's vast network and opportunities for global exposure.
Unlock the Future with AI Fund in Collaboration with Google
Receive up to ₦10 million in funding, Google’s AI tools, and global exposure to elevate your AI startup. Propel your vision to the next level today!
Frequently Asked Questions
Artificial Intelligence (AI) is transforming industries worldwide, driving innovation, efficiency, and new business models. To unlock the full potential of AI in Nigeria, NCAIR in collaboration with Google is launching the AI Fund, a dedicated initiative to inspire and nurture the next generation of AI-powered startups in Nigeria.
Company:
- Headquartered in Nigeria.
- Building solutions for the Nigerian market and potentially African/global market.
- Demonstrated market fit and significant growth potential.
Founders:
- At least one Nigerian founder.
- Relevant experience and a strong team positioned for success.
Tech:
- Core AI technology company with a live product in the market.
- Compatibility with Google products and potential to leverage them for growth.
Startups receive:
- Financial Support: Grant funding of up to ₦10 million per startup.
- Technical Expertise: Access to Google AI tools, resources, and mentorship from Google engineers.
- Network & Visibility: Connection to Google’s vast network and opportunities for global exposure.
The program will be virtual
Due to the volume of applications we receive, we do not provide feedback on individual applications.
The program is for 6 weeks – from October 2024 to November 2024