FG to award N5m to AI startups in new research scheme

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The Federal Government has launched an Artificial Intelligence (AI) Research Scheme, through which it plans to award N5 million each to 45 startups and researchers focusing on AI.

The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, announced the opening of applications for the scheme on Friday.

According to him, the objective of the scheme is to support the mainstreaming of the application of Artificial Intelligence for economic prosperity.

He said the N5 million grant is to help the startups and researchers improve their work for the benefit of the economy.

According to the information shared on the scheme’s website, the areas being looked at include Agriculture, Education and Workforce, Finance, Governance, Healthcare, Utility, and Sustainability
Eligibility criteria.

To be eligible for the grant, the Ministry said the applicant must be a consortium that includes a start-up or technology company, a Nigerian academic researcher, or a foreign researcher.

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Tropic Reportershttps://tropicreporters.com
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