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The Nigerian Minister of Communications, Innovation and Digital Financial system, Bosun Tijani, revealed on Friday, Oct.13, that the federal government intends to grant 5 million naira ($6,444) to 45 artificial intelligence (AI)-focused startups and researchers.
This initiative was disclosed by the minister in a publish on X (previously Twitter) and is a part of the lately launched Nigeria Synthetic Intelligence Analysis Scheme, which is designed to facilitate the widespread utilization of AI to drive financial development.
As outlined on the scheme’s official web site, the main focus areas embrace agriculture, training and workforce, finance, governance, healthcare, utility and sustainability. To be eligible for a grant, candidates should type a consortium comprising a startup or tech firm, a researcher from a Nigerian college or a international researcher, in line with the ministry.
To help the mainstreaming of the applying of Synthetic Intelligence for financial prosperity, we’ve launched the Nigeria Synthetic Intelligence Analysis Scheme to fund 45 consortia of startups and researchers to permit them discover additional alternatives to deepen their… pic.twitter.com/CaD5Vqs8Du
— Dr. ‘Bosun Tijani (@bosuntijani) October 13, 2023
Candidates ought to current a analysis proposal aligned with the Ministry of Communications, Innovation and Digital Financial system’s AI focus areas. Moreover, they need to present a complete proposal highlighting the venture’s potential financial impression in Nigeria.
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Candidates will need to have a confirmed monitor file of excellence in analysis or entrepreneurship and are anticipated to publish no less than one peer-reviewed article inside one yr of receiving the grant.
In August, the Nigerian authorities extended an invitation to scientists of Nigerian heritage, in addition to globally famend consultants who’ve labored inside the Nigerian market, to collaborate in formulating its Nationwide Synthetic Intelligence Technique.
The appliance interval commences on Oct.13, 2023, and concludes on Nov. 15, 2023. The ministry has indicated {that a} panel of AI specialists will assess the proposals.
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