In a groundbreaking effort to stimulate innovation and drive economic growth, Nigeria has officially launched a ₦100 million Artificial Intelligence (AI) Fund designed to support startups developing cutting-edge solutions with AI.
The fund is a strategic collaboration between the Nigerian government and Google Africa, aiming to boost technological advancements within the country.
Spearheaded by the National Centre for Artificial Intelligence and Robotics (NCAIR), the initiative seeks to harness the transformative power of AI to address pressing local challenges and drive Nigeria’s position within the global tech ecosystem.
By supporting startups that leverage AI, the fund will help stimulate solutions that can impact sectors such as healthcare, education, agriculture, and financial services, providing much-needed tools to scale innovation in these critical areas.
Startups that meet the eligibility criteria are encouraged to apply for the fund through the NCAIR website. Once selected, these companies will gain access to both financial and technical support, including mentorship and partnerships that can propel them to new levels of growth.
This initiative provides not just funding but a platform for startups to contribute significantly to Nigeria’s technological future while positioning the country as a hub for AI-driven innovation in Africa and beyond.
The introduction of the AI Fund signifies Nigeria’s commitment to embracing emerging technologies and fostering homegrown solutions. It is seen as a pivotal step towards integrating AI into various industries, aligning with global trends, and preparing the nation to compete on the international technology stage.
Interested startups can apply for the fund by visiting the official NCAIR website here: https://ncair.nitda.gov.ng/aifund/.
