In a bold move that underscores the growing importance of artificial intelligence (AI) in shaping the world of business and innovation, Google has announced its latest endeavor: the Google for Startups Accelerator: AI First. This groundbreaking program is specifically designed to bolster the efforts of African startups that are harnessing the power of AI to address local challenges and create groundbreaking solutions.
The 10-week accelerator program stands as a unique opportunity for startups, offering them a chance to not only tap into Google’s AI expertise but also to receive essential technical resources, including up to $350,000 in Google Cloud Credits.
Mentorship from seasoned AI professionals and invaluable networking connections are also part of the package, ensuring startups are poised for success.
Folarin Aiyegbusi, the Head of Startup Ecosystem in Africa, emphasized the dynamic nature of the African tech landscape. He conveyed his inspiration by witnessing African startups not only employ AI to address distinctive challenges but also set global benchmarks.
The “AI First” initiative, according to him, transcends being just a program; it’s a testament to Google’s unwavering belief in the potential of these startups, providing them the guidance and support they need to achieve their full potential.
The accelerator program’s impact is already evident through the Google for Startups Accelerator: Africa, launched in 2018. This program has fostered the growth of 106 startups hailing from 17 African countries. Together, these startups have garnered over $263 million in funding and created more than 2,800 direct job opportunities within the region.
How to be part of Google AI First Accelerator
The criteria for entry are clear and compelling, targeting startups demonstrating traction between Seed and Series A stages, with scalable products or services boasting a substantial addressable market and a defensible growth model.
A strong technical foundation, particularly leveraging AI and Machine Learning, is essential. Moreover, a commitment from the CTO and technical roles to actively participate in the program is crucial.
The accelerator’s structure is meticulously designed to maximize the startups’ potential. The program commences with an assessment of each startup’s unique challenges and the required support.
It then transitions into three intensive boot camps, encompassing both technical and non-technical topics such as AI, Machine Learning Labs, product development, design, hiring, and fundraising. These boot camps culminate in an Objective Key Results (OKR) workshop, facilitating the definition of program objectives.
Mentorship is a cornerstone of the program. Each startup is paired with a dedicated Technical Startup Success Manager, who guides them through their projects, connecting them with Google’s people, network, thought leadership, and technology.
The program’s climax involves startups presenting their projects to Google teams, mentors, venture capitalists, and tech ecosystem stakeholders. This exposure amplifies their potential for growth and collaboration. Furthermore, the post-program engagement continues through an Alumni network, fostering ongoing connections and opportunities.
Who’s eligible and when can you apply?
The AI First Cohort particularly seeks startups building products or services that harness AI’s transformative capabilities. The application window for this cycle closes on September 6th, with the program itself scheduled to run from September 2023 to November 2023.
Selected startups stand to gain access to Google’s engineers, technical project partnerships, product support, custom mentorship, inclusion in the Google for Startups Accelerator Global Community and alumni network, Google Cloud Credits, and marketing spotlight opportunities.
While the program doesn’t provide grants or funding, the resources and connections offered are invaluable.
The program casts its net wide, welcoming startups from 17 African countries, including Algeria, Botswana, Cameroon, Côte D’Ivoire, Egypt, Ethiopia, Ghana, Kenya, Morocco, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Tunisia, Uganda, and Zimbabwe.
