The Swedish AI Fund (SAIF), a global financial aid, grants, and scholarships NGO focused on the AI industry active in Israel, Sweden, Albania, the UK, South Africa, Germany, Georgia, and North Macedonia has announced plans to expand into more countries.
The 100 million Swedish Krona (approx. Euro 10 million) fund is now inviting African-based/focused AI companies to apply for its Euro 10k – Euro 15k non-equity micro-seed grants through a specific group of organisations, institutions, and universities. The initial fund being distributed in this Africa call is Euro 96,000.
SAIF has partnered with the AI Media Group as the primary launch partner in Africa along with launch partners; AWS, Nvidia, Telkom, Embassy of Switzerland SA, Zindi, Cirrus AI and AiCE Kenya. SAIF is one of the projects launched by the AICenter Sweden a collaboration between several legal entities and experts towards a common goal: Equality, safety, and security in the AI industry. The AICenter started in Sweden and it works internationally. It has different types of partnerships globally. In Sweden, it’s cooperating with universities, corporations and experts from United Nations (UN) and The European AI Alliance. SAIF’s international partnership is with the Swedish Chamber of Commerce in different countries, and several recognisable organisations and associations in different parts of the globe.
To be eligible to receive funds from SAIF you need to apply through SAIF’s official partners and for the initial Africa funding call this is via The AI Media Group. SAIF is seeking to fund companies based in Africa primarily at pre-seed stage who have developed solutions and services that leverage AI.
