Google has opened applications for the 8th cohort of its Google for Startups Accelerator Africa program which will target startups leveraging artificial intelligence (AI) and machine learning (ML) to address critical challenges and unlock new opportunities across the continent.
The Google for Startups Accelerator Africa is a three-month, equity-free virtual program that provides African startups with mentorship, technical resources, and access to a global network of experts and investors. Since its inception in 2018, the program has supported 106 startups from 17 African countries, that have collectively raised over $263 million and created more than 2,800 direct jobs.
Head of Startups Ecosystem, Africa at Google, Folarin Aiyegbusi, said: “We’re excited to support the next generation of African AI pioneers through the Google for Startups Accelerator, providing them with the resources and mentorship they need to build successful, impactful businesses. Africa’s tech ecosystem is a hotbed of innovation, and AI has the potential to be a transformative force across various sectors.”
According to Google , startups are the lifeblood of innovation, driving economic growth, creating jobs, and solving some of society’s most pressing challenges.
The company also stated that digital transformation is accelerating rapidly, and startups play a vital role in shaping the continent’s future. from fintech and agritech to healthcare and education.
Startups selected for the program will undergo accelerator class from June to September 2024. The startups will benefit an equity-free $350,000 allocation in Google Cloud Credits.
Other benefits for startups, include personalized guidance from Google AI experts, seasoned entrepreneurs, and industry leaders; in-depth training on AI/ML development, product strategy, and scaling; connections to potential investors, partners, and customers; and a supportive network of fellow founders facing similar challenges and opportunities.
For 2024, Google said applications are open from April 29 to May 20, 2024, and can be submitted here.