FG, Google launch N100m AI fund for Nigerian startups

The National Centre for Artificial Intelligence and Robotics (NCAIR), with support from Google, has announced the launch of the Artificial Intelligence (AI) Fund, a N100 million initiative aimed at supporting Nigerian startups that are leveraging Artificial Intelligence (AI) to develop innovative solutions.

This was disclosed on Tuesday in a statement by Google.

Google said the initiative follows a series of strategic programs by the Ministry of Communications, Innovation & Digital Economy, aimed at harnessing the potential of AI to drive development, innovation, and well-being in Nigeria.

Earlier this year, the Ministry held the Artificial Intelligence Strategy Workshop in April, bringing together key stakeholders to discuss the future of AI in Nigeria.

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This was followed by the release of the National AI Intelligence Strategy in August, which outlined the country’s roadmap for integrating AI into various sectors to enhance growth and societal well-being.

Selected startups will receive up to 10 million in funding, along with access to Google’s extensive resources, including AI tools, mentorship, and a global network designed to help them scale their innovations, Google’s statement said.