Friday, May 3, 2024

Google selects three Nigerian startups for Africa AI First Accelerator programme

Three Nigerian startups firms have be shortlisted for the Google first cohort initiative for the development and acceleration of artificial intelligence in Africa tagged “Google for Startups Accelerator: AI First programme”.

The Nigerian startups firms unveiled among other 11 selected from across Africa include: Famasi Africa, a startup that is building the OS for pharmacies in emerging markets; Izifin, a Nigerian company providing an end-to-end credit infrastructure via API for small businesses; and Vzy, which is revolutionizing website building with AI-driven tools that craft sites in mere minutes.

According to Google, the 11 startups were selected from a vast pool of innovative talent using cutting-edge Artificial Intelligence to address both Africa’s challenges and broader global issues.

The transformative power of AI in Africa is highlighted by a McKinsey report which suggests that AI could add $1.3 trillion to Africa’s GDP by 2030.

Google disclosed that the selected startups will undergo a 10-week accelerator journey.

Beyond benefiting from Google’s AI expertise and a $350,000 allocation in Google Cloud Credits, they will also benefit from mentorship sessions, technical guidance, and networking opportunities to enhance their reach and impact.

Commenting on the programme, Head of Startup Ecosystem, Africa at Google, Folarin Aiyegbusi, said, “At Google, we’ve been working on AI for over a decade, and we’ve shown how useful AI is in our products and for developers externally. AI is not only a powerful enabler, it is also a major platform shift. That’s why we’re focused on making it easy and scalable for others to innovate with AI. Our chosen startups for the “AI-First program embody this vision, leveraging AI in pioneering ways to address both local and global challenges. We’re here excited to support and amplify their impact.”

Speaking on the selection of his company’s selection, the CEO/Co-founder of Famasi Africa, Adeola Ayoola, said, “Famasi Africa is scaling AI-powered digital health solutions to reach more underserved communities. Joining the Google for Startups Accelerator: AI First program represents a significant step towards realizing that dream. With Google’s mentorship, we’re confident of scaling our solutions, reaching more pharmacies, and ultimately improving healthcare outcomes.”

Other startups selected from Africa include Avalon Health from South Africa, Chatbots Africa from Ghana, Dial Afrika Inc. and Fastagger Inc., both from Kanya, and TeGarri Logistics from Ethiopia.

Others are Lengo AI from Senegal, Logistify AI from Uganda and Anlescopepe from Ethiopia.

Since 2017, Google has consistently supported African startups across diverse programs. Collectively, these startups have raised $263 million and created over 2,800 job opportunities.

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