Google, the multinational American technology corporation, has revealed its intention to invest in African startups leveraging artificial intelligence (AI) and machine learning (ML) technologies through its Startups Accelerator Africa program.
Now entering its eighth cohort, the program aims to financially support startups addressing crucial challenges and unlocking new opportunities with AI across the African continent.
The three-month equity-free virtual program offers African startups mentorship, technical resources, and access to a global network of experts and investors.
Folarin Aiyegbusi, Head of Startups Ecosystem Africa at Google, expressed enthusiasm about backing the next generation of African AI innovators through the Google for Startups Accelerator. He underscored the importance of providing them with the necessary resources and mentorship to establish successful and impactful businesses, noting the ripe landscape of innovation within Africa’s tech ecosystem and the transformative potential of AI across various sectors.
Google highlighted that participating startups could access up to $350,000 in cloud credits and other incentives. It stressed that eligible startups must either be based in Africa or develop AI and ML solutions tailored to African needs.
Applications for the program are open from April 29 to May 20, 2024.
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