In partnership with Google, the Nigerian government, through the National Centre for Artificial Intelligence and Robotics (NCAIR), has launched a ?100 million fund to support 10 innovative startups leveraging artificial intelligence (AI) to drive technological advancements.
Announced on September 10, 2024, by Dr. Bosun Tijani, Nigeria’s Minister of Communications, Innovation, and Digital Economy, this initiative aims to foster AI innovation and entrepreneurship in Nigeria’s rapidly growing tech ecosystem.
The fund, overseen by the National Centre for Artificial Intelligence and Robotics (NCAIR), aligns with President Bola Ahmed Tinubu’s vision to position Nigeria as a leader in AI development.
Dr. Tijani emphasised the government’s pivotal role in shaping AI policy, which he believes will have long-term effects on both the public and private sectors.
‘If we get it right in the public sector, it will permeate the private sector, transforming national lives and shaping the future of our country,’ Tijani st
ated during the launch.
The government is also working on a National Artificial Intelligence Strategy to guide future policies and foster AI growth across multiple industries.
Google’s involvement highlights its commitment to Africa’s digital future. Olumide Balogun, Google’s West Africa Director, noted that the partnership aligns with Google’s focus on developing Africa-centric solutions and promoting digital innovation on the continent.
In addition to financial support, the selected startups will gain access to Google’s AI tools, mentorship, and a global network of experts and investors, helping them scale their businesses and expand beyond Nigeria.
Eligible startups must be based in Nigeria, have at least one Nigerian founder, and focus on AI-driven solutions with strong market potential. Applications will be open from September 10 to September 25, 2024, with winners announced in October.
This AI fund is expected to spur technological progress across Africa, empowering entrepreneurs to solve real-worl
d problems through AI. By providing critical financial and strategic backing, the collaboration sets a new benchmark for digital innovation across the continent, offering African startups a chance to drive economic growth and technological development.
Source: Voice of Nigeria