Askya Investment Partners is offering African artificial-intelligence startups up to $200,000 each through a new accelerator programme that takes no equity, as investors step up efforts to back companies developing AI products for the continent.
The six-week Askya AI Growth Platform will select 10 startups from pre-seed to Series A, with applications open until September 30.
The first cohort will be announced at Moonshot by TechCabal in Lagos on October 28-29, when the programme begins.
The initiative, launched in Lagos, is being run in partnership with Magna Collective and will provide selected companies with access to capital, cloud and computing resources, customers and talent, as well as coaching on product development, technology, governance and distribution.
Tosin Eniolorunda, founder and group chief executive officer of Moniepoint, will serve as honorary chair of the inaugural cohort.
