AI Fund in Collaboration with Google

Supporting Innovation in Artificial Intelligence in Nigeria

Introducing the Selected Startups

Leverages AI to predict demand and match blood types for Africa’s blood supply needs.

AI-driven platform that centralises and personalizes customer engagement for businesses

Enables seamless text-to-speech and speech-to-text AI functionality in 13 languages across underserved regions.

Leverages AI to support livestock farmers with disease detection and climate control.

Streamlines lending operations using AI, empowering global lenders and borrowers

Connects global companies with vetted African tech talent through AI-driven pre-classification and job matching

AI-powered energy management optimising sustainable power for underserved users.

AI-driven healthcare documentation with tailored tools for Nigerian doctors.

Leverages AI to provide contextual security insights for African communities, empowering informed decision making.

Streamlines credit analysis for MSMEs using AI, facilitating access to financing.

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.

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

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