This is a Nigeria news story, published by TechCrunch, that relates primarily to GoTime AI news.
For more Nigeria news, you can click here:
more Nigeria newsFor more GoTime AI news, you can click here:
more GoTime AI newsFor more Africa business & economics news, you can click here:
more Africa business & economics newsFor more news from TechCrunch, you can click here:
more news from TechCrunchOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about Africa business & economics, you might also like this article about
African startups. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest African startup news, global accelerators news, news about Africa business & economics, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
older local startup acceleratorsTechCrunch
•
85% Informative
Y Combinator made a splash in Africa in 2020 when it began to accept startups from the region into its cohorts.
The move was huge: in this nascent market, startups especially rely on programs like YC to find their feet and connect with investors.
Now with foreign investors pulling away, it’s forced local players to rethink how to cultivate startups on the continent.
GoTime AI is an accelerator in Nigeria aimed at founders developing AI products in Africa .
Generative AI is currently the hottest trend in tech, but Africa and other emerging markets have so far lagged behind Western counterparts across North America and Europe when it comes to building AI startups.
Accelerate Africa 's aim is to forge partnerships between its portfolio companies and local banks, telcos , and others.
Both GoTime AI and Accelerate Africa are starting with two cohorts annually .
Both accelerators offer up to $ 200,000 in exchange for 8% equity.
GoTime is structured as $ 25,000 upfront, $ 75,000 at Demo Day , and $ 100,00 at startup’s first fundraise.
VR Score
87
Informative language
87
Neutral language
42
Article tone
semi-formal
Language
English
Language complexity
54
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
10
Source diversity
6
Affiliate links
no affiliate links