Google LaunchPad Accelerator has seen the global incubate upcoming startups with mentorships and the possible funds needed to scale in their respective markets.
Notable startups like PiggyVest, Okadabooks, Kudi, and a few Nigerian based brands have been receivers of the process in the past.
However, Google is looking towards developing Artifical Intelligence. In a public conversation to the press head startup success and services, Fola Olatunji-David has made it clear that the brand is looking out for AI startups in its next LaunchPad programme.
He noted that the event has become a lot more technical than it has ever been, so it has refocused the direction in which the brand now plays in, in terms of the Startups that it would be incubating.
South African AI startups like insurtech Pineapple and Voyc.ai are past companies that have been under the company’s AI scheme.
Olatunji-David explained that AI is a representation of technology right now that “actually does everything for us”.
Google, he said, has seen that the best form of that synergy happens when smart thinking humans use the power of the machine.
The reason why the unbanked can still get a loan is because an AI machine or system says oh this guy while he’s un-banked, he’s bought airtime worth XYZ, he has a farm, so we can quantify that
Google Launchpad Accelerator Africa currently takes applications from 17 African countries.
These are Algeria, Botswana, Cameroon, Ivory Coast, Egypt, Ethiopia, Ghana, Kenya, Morocco, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Tunisia, Uganda and Zimbabwe.
However, Olatunji-David explained that the accelerator considers the availability of support systems.
He continued to state the possibility of African Startups to thrive on the global stage is very possible as Silicon Valley giant believes that if it can strengthen the ecosystem, then everyone is “better for it”.
As the core goal of Google is to create an environment where founders can use the tech company’s various tools (such as Google Maps and others) and monetise them better so that in the long run they see Google as an ally.