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Nigeria to Grant $289,980 to Startups and Researchers for AI Development

Algoine News
Summary:
Dr. Bosun Tijani, Nigeria's Minister for Communications, Innovation and Digital Economy, has announced a grant program aimed at funding 45 AI-focused startups and researchers, with each to receive $6,444. This move is part of the new Nigeria Artificial Intelligence Research Scheme, which is designed to enhance the application of AI across several sectors aimed at economic growth. Candidates need to submit a detailed proposal in line with the Ministry's AI focus areas and demonstrate a record of excellence. The application window opens on Oct. 13, 2023, and closes on Nov. 15, 2023.
Dr. Bosun Tijani, the Nigerian Minister for Communications, Innovation and Digital Economy announced on Oct. 13 that the government aims to provide $6,444 to 45 startups and researchers focusing on Artificial Intelligence (AI). The total grant sum rounds up to $289,980. In a post by Dr. Tijani, he stated that the newly estalished Nigeria Artificial Intelligence Research Scheme is aimed at promoting the use of AI in ways that benefit the economy. The grant eligible sectors include Agriculture, Education and Workforce, Finance, Governance, Healthcare, Utility, and Sustainability as per the scheme's official site. To receive the grant, a consortium must be formed by applicants - it should include either a tech company or startup, a Nigerian university researcher, or a foreign researcher as per the ministry's instructions. The government recently released the Nigeria Artificial Intelligence Research Scheme to finance 45 consortiums of startups and researchers for the expansion of AI applications to improve the economy. To qualify for the grant, candidates should submit a research proposal in alignment with the focus areas of Artificial Intelligence by the Federal Ministry of Communication, Innovation and Digital Economy. It's mandatory for the applicants to highlight the economic benefits of their project in Nigeria and show evidence of success in research or entrepreneurship. Additionally, it is expected of the applicants to publish a minimum of one peer-reviewed article within a year of receiving the grant. Earlier in August, the government invited scientists of Nigerian descent worldwide and experts familiar with the Nigerian market to contribute to the formulation of its National Artificial Intelligence Strategy. The application window for the grant is from Oct. 13, 2023, to Nov. 15, 2023. All the applications should be submitted via the designated online platform. The Ministry has specified that AI experts will review all the applications and those shortlisted will be notified via email and summoned for interviews. Referencing note: EasyTranslate CEO's perspective on AI's impact on the industry.

Published At

10/15/2023 6:55:14 AM

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