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The Cortex Group Launch Cortex Ventures – Africa’s First Artificial Intelligence (AI) Only Focused Venture Capital Company.
CAPE TOWN, South Africa, 2nd May 2019 –The Cortex Group is an Artificial Intelligence (AI) focused holding company building value in the IR4.0 Economy on a local, regional and global scale. Already home to the successful Cortex Logic, an African Artificial Intelligence (AI) Software and Solutions company that helps businesses thrive in the Smart Technology Era, Cortex Ventures will be Africa’s one-stop-shop for AI focused start-ups and scale-ups looking for early or growth stage funding coupled to the opportunity to uniquely tap into the Cortex Group’s technical advisory, AI application development capabilities and co-working space.
Dr Jacques Ludik, recipient of the AI Leader of the Year 2019 award and Cortex Group CEO & Founder said, “The AI play is so large that we decided to create a Venture Capital company that would only focus on companies, innovators and entrepreneurs working with AI based technologies that leverage data science, machine learning or deep learning in their stack. The world of artificial intelligence is seeing an explosion of new companies requiring investment and we intend to fill that gap, especially those seeking early stage funding, which is traditionally seen as higher risk by more traditional VCs and investment entities such as Banks, Angel or Private Investors.
Fellow entrepreneur and 20-year tech veteran, Dr Nick Bradshaw,who will be heading up Cortex Ventures stated, “There has never been a better time to be a tech entrepreneur in the AI space. Many of the things you could only dream of doing in this space two to three years ago are now possible and access to free or cost-effective resources via open source, APIs and Cloud providers such as Microsoft, AWS, Google and IBM is making this happen. As a VC focusing on both early and growth stage businesses we are supplementing the traditional support a VC can offer with unique access to AI developers and data scientists, product advisory services and a FREE co-working space so that we can be close to the companies and partners we are working with, ultimately making them succeed”.
“Embracing AI in South Africa is critical as it brings immense opportunity and we anticipate it to be one of the most disruptive technologies in human history. Microsoft’s latest research into the adoption of AI in business shows that 37.8% of high-growth companies are actively implementing AI. It’s great to see new players like the Cortex Group and Cortex Ventures helping clients shift towards digital transformation and creating new opportunities for companies of tomorrow. As companies are relying more on AI, it is freeing up business leaders to focus on other activities. Realising the true benefit of AI is not simply about being fast adopters of innovative technology. Every company needs to think of itself as a digital company”, said Lillian Barnard, Managing Director at Microsoft South Africa.
James Milne, Head of Investment Promotion Wesgro and Zimkhita Buwa, Chief Operating Officer at Britehouse, who both sit on the Board of The Silicon Cape, South Africa stated, “Cortex Ventures will add significantly to the tech landscape in South Africa and more broadly Africa and we applaud what the team at the Cortex Group are doing to create inclusive, earlier stage funding opportunities in the Artificial Intelligence sector both locally and nationally”.
Ludik concluded, “Africa can really benefit from leveraging cutting-edge 4th Industrial Revolution technologies and we as a community need to identify the gaps to create an AI pipeline for growth. Investment funding plays a big role in making this happen and we see collaboration with other VCs, incubators, accelerators, academia, industry and government as key to job creation and economic growth. Cortex Ventures will play an important role in this helping shape a better future for all”.
Bradshaw concluded, “As a call to action, we invite AI focused start-ups and scale-ups to take part in our “Click-2-Pitch Challenge”. It’s a very simply application process that we use to invite candidate companies to submit and join our program for investment and advice. Its free to apply and all applications are reviewed by our investment team for the opportunity to pitch for investment. It does not matter if you are at pre-MVP, MVP, pre-revenue or post-revenue stage – we look at all proposals and advise accordingly. We are already screening deals and welcome all submissions from anywhere on the African continent”.
Also Read Interview With Street Global Venture Capital Partners, Alysia Silberg And Christian Meyers
ABOUT CORTEX GROUP
The Cortex Group works across multiple business and industry domains to develop cutting edge intelligent systems and AI driven companies / platforms that leverage our unique mix of IP, access to funding, technology, people, partners and extensive community.The Cortex Group is made up of six brands each focusing on a different part of the AI Ecosystem namely; Asset Management, FinTech, Health, AI Products, AI focused VC Investments and a Portfolio of AI powered platform businesses that we have partnered with or invested in. The Cortex Ventures Click-2-Pitch Challenge is now open to any African based start-up or scale-up focusing on AI who is seeking seed or growth stage funding. Learn more at www.cortexgroup.ai
Press Release
The 234 Venture Vault Launches Tech Startups and Talents Hunt Across Nigerian Tertiary Institutions
The 234 Venture Vault Project Administrator, Boluwatife Micheal (Image: Supplied)
The 234 Venture Vault has announced its inaugural Tech Startups & Talents Hunt across Nigerian tertiary institutions. It is on a mission to discover innovative startups and nurture tech talents in Nigerian university communities, beginning with the launch of “StartUp Unilag.” This initiative, set to kickoff at the University of Lagos, provides a unique platform for members of university communities, including laboratory and faculty staff members to gain hands-on insights and support in creating products, refining ideas, finding markets, managing investor relationships, and generally, building great companies.
Located in a city renowned for its vibrant technology startup ecosystem, the University of Lagos stands out as a breeding ground for future tech leaders. The university has produced standout founders like Olaoluwa Faniyi, Co-founder of Sun-Fi; Luther Lawoyin, Founder & CEO of Pricepally; and Olumide Soyombo, an investor and the Co-founder of Bluechip Technologies Ltd. StartUp Unilag seeks to uncover more companies and hidden talents, to equip them with the skills, tools, access to mentorship and funding they need to succeed faster.
This one-day event will feature a lineup of industry-leading speakers who will share their expertise and inspire the next generation of founders. Confirmed speakers include:
– Oluwapelumi Oyetimein , a distinguished Growth Manager and Digital Strategy expert who spearheaded the Marketing department at Umba, acquiring over 1.5 million app downloads, 1 million sign-ups and 700k verified active users in a year.
– Oluwatofunmi Awodiji, a technology professional, a product engineer at a global invest bank and founding Executors Lead at Covenant University’s Hebron Startup Lab.
– Collins Gilbert, an Associate at Ventures Platform, a pan-African venture capital fund that invests early in mission-driven founders in Africa.
In addition to expert talks, participants will have the chance to network, receive scholarships that will help bridge technical skill gaps, and receive guidance from esteemed partner organizations that share our mission. We are proud to announce partnerships with Natal Bond, Being The Product, Rabit Consulting LLC, Makintouch Consulting, Heard In Africa, Business Africa Online (BAO) and Native Shapers.
Date: Saturday, 30th of November, 2024
Time: 10am
Venue: Faculty of Social Science Design Studio, UNILAG, Akoka, Yaba.
Join us at StartUp Unilag to witness the birth of Nigeria’s next big tech startups here.
About The 234 Venture Vault
The 234 Venture Vault is an initiative by The Business Apple, dedicated to identifying, mentoring, and developing tech startup founders across Nigeria to support and fund them before they become obvious. The Business Apple specializes in supporting entrepreneurs who are building consequential businesses, by providing training, insights (data), mentorship, funding and access to markets.
Meta recently hosted its first Youth Summit in Lagos, Nigeria, bringing together over 200 young professionals, students, recent graduates, creatives, tech enthusiasts and aspiring entrepreneurs.
Themed ‘Empowering Youth Through Technology, Innovation and Entrepreneurship’, the summit included a series of thought-provoking panel discussions, a mentoring session and an interactive workshop designed to equip young Nigerians with the skills, insights and networks needed to thrive in today’s tech-driven world.
Commenting about the event, Phil Oduor, Head of Policy Programs, Sub-Saharan Africa said, “At Meta, we believe that today’s youth are tomorrow’s change-makers. Through initiatives like the Youth Summit, we aim to foster innovation, promote digital literacy and empower young Nigerians with the tools and opportunities to realise their potential and contribute to Nigeria’s growing digital economy.”
Delivering the keynote address, Femi Aluko, CEO/Co-Founder, Chowdeck, shared his journey of breaking barriers to achieve success in tech. He encouraged attendees to embrace the limitless opportunities within today’s technology ecosystem.
A panel discussion, led by Chinny Francis, Public Policy Manager at Meta, featured panellists Nifemi Akinwamide, Head of Operations, Alt School; Adaora Mbelu, Co-Founder of Lumination Global and Obaloluwa Adeagbo, Marketing Lead at Talstack. They shared valuable insights about the future of work, emphasising the importance of storytelling to build a personal brand, practicing self-awareness, developing soft skills, lifelong learning and honing problem-solving skills to thrive in a digitally transformed world.
Francis Sani, Technical Adviser for Innovation, Entrepreneurship & Capital at the Federal Ministry of Communications, Innovation & Digital Economy, spoke at the event. He highlighted the 3 Million Technical Talent (3MTT) program, emphasising that the program aims to build Nigeria’s technical talent backbone to drive the digital economy and position Nigeria as a net talent exporter. He encouraged youth to take advantage of this opportunity.
Another panel of industry experts took the stage during the ‘Lunch and Learn: Navigating Entrepreneurship in a Rapidly Changing Landscape’ session, moderated by Sade Dada, Head of Public Policy for Anglophone West Africa at Meta. Seye Bandele, CEO of PaidHR and Damilola Teidi-Ayoola, Head of Platform and Networks at Ventures Platform Fund, shared their invaluable insights. Seye highlighted the importance of grit, curiosity and candour, while Damilola reinforced the need to understand one’s target audience, deliver value through their business and embrace data-driven decision-making in the dynamic entrepreneurial landscape.
The event also featured inspiring conversations with leading figures in the creative industry. Miss Techy, an award winning tech content creator and Salem King, a creator, storyteller, author and speaker, shared their experiences and advice on achieving long-term success. Attendees also benefited from an interactive workshop and a mentoring session, where industry experts shared practical advice and strategies for entrepreneurs and tech enthusiasts.
Meta’s Youth Summit 2024 highlights a commitment to driving positive change, championing youth empowerment and advancing economic opportunities in Nigeria. Through investments in key areas—such as the creative industry, digital literacy, economic impact and youth job training—Meta is dedicated to empowering young Nigerians to thrive in today’s tech-driven world.
Cross-section of some of the attendees at the Meta Youth Summit 2024 in Lagos
L-R: Chinny Francis, Public Policy Manager, Meta; Nifemi Akinwamide, Head of Operations, Alt School; Adaora Mbelu, Co-Founder of Lumination Global and Obaloluwa Adeagbo, Marketing Lead at Talstack.
L-R: Sade Dada, Head of Public Policy, Anglophone West Africa, Meta; Damilola Teidi-Ayoola, Head of Platform and Networks, Ventures Platform Fund, and Seye Bandele, Chief Executive Officer, PaidHR during the Lunch and Learn: Navigating Entrepreneurship in a Rapidly Changing Landscape panel session.
Salem King, a creator, storyteller, author and speaker and Miss Techy, an award winning tech content creator
During a mentoring session workshop
Femi Aluko, Chief Executive Officer and Co-founder, Chowdeck.
Francis Sani, Technical Adviser to the minister of communications and digital economy of Nigeria
Novotel Director Sales and Marketing Joesph Kimondo, PR and Marketing Manager Ivy Irungu, General Manager Fabio gonsalves, During the Media Briefing at the hotel (L-R).
Novotel, one of Accor’s flagship brands and a champion of balanced living, is proud to announce the opening of Novotel Nairobi Westlands, Kenya.
Situated in the vibrant Westlands area, the new hotel seamlessly balances moments of adventure, relaxation, business, and pleasure, offering a truly reenergising experience just 20 minutes from Jomo Kenyatta International Airport (JKIA). Guests can explore multiple attractions with ease such as the Nairobi National Park, modern shopping malls, entertainment spots, the Giraffe Centre, and the Maasai traditional Market. The hotel caters to business travellers and families eager to share quality moments.
Novotel Nairobi Westlands offers 347 stylish rooms and suites, all featuring the brand’s signature design concept by RF Studio, which emphasises adaptability and sustainability, creating a comfortable, modern atmosphere. For business travellers, the hotel offers 13 versatile, intuitive meeting and event spaces, including a ballroom that can host over 100 guests – ideal for conferences, corporate functions, and social gatherings.
For guests seeking relaxation, the hotel’s state-of-the-art spa offers a range of curated signature massage therapies, designed to provide the ultimate rejuvenation experience. Each treatment is crafted to melt away stress and restore balance. For those looking to stay active, the fitness centre provides expert-led individual and group training sessions, offering a mix of tailored workout routines to suit all fitness levels.
“We are excited to introduce Novotel to Nairobi, a city that beautifully blends rich cultural heritage with modern dynamism,” said Fabio Gonsalves, General Manager of Novotel Nairobi Westlands, Kenya. ‘’Our goal is to create a welcoming space for business travelers and families alike, where quality moments lead to a more balanced life. At Novotel Nairobi Westlands, where modern living meets the pulse of cultural fusion, we offer flexible workspaces and relaxed dining options to suit everyone. It’s a place where guests can truly unwind, connect, and leave feeling invigorated.
The hotel’s four distinct dining concepts take guests on a culinary journey. The rooftop Trunk & Tandoor Gastro Bar offers Indian-inspired cuisine paired with breathtaking views of Nairobi’s skyline, creating the perfect setting for a relaxed evening. Gemma’s Italian Kitchen & Bar provides an all-day dining experience with rich Italian flavours in a welcoming atmosphere. Located at the heart of the lobby, the Safari themed Social Hub coffee lounge and bar adds a unique local flair, inviting guests to connect and unwind. For those seeking a more laid-back experience, the rooftop Pool Bar serves light bites and refreshing drinks, perfect for unwinding under the sun while enjoying the stunning panoramic city views.
Whether complementing a safari adventure or enjoying a family getaway, Novotel Nairobi Westlands offers travellers and locals the perfect environment to connect with family, friends, and colleagues and share quality moments.
“With the opening of Novotel Nairobi Westlands, we are proud to reaffirm our commitment to Africa. The hotel offers a gateway to Nairobi’s vibrant experiences and marks a significant milestone in our growth strategy, as we continue to expand our footprint in key markets across the continent while enriching local communities.” said Paul Stevens, Chief Operating Officer Premium, Midscale & Economy Division, Middle East & Africa for Accor.
Following a longstanding commitment to support its guests’ pursuit of balance in their lives, Novotel announced a three-year agreement with World Wide Fund for Nature (WWF) to champion the protection and restoration of the world’s oceans, the greatest source of balance for the planet’s climate, through science-based action and conservation projects. Novotel has built a three-year Positive Impact Plan, rooted in three of the United Nations’ priority ocean-related actions, namely: reducing marine pollution and ocean acidification, particularly from land-based activities; fighting overfishing and promoting sustainable fishing models; and increasing scientific knowledge and research for ocean health.
To celebrate the opening, Novotel Nairobi Westlands is offering rates from Kes 20,000, including breakfast. True to the Novotel Family Promise, up to two children under 16 can stay for free in their parents’ room.
Members of the brand’s ALL loyalty programme, can unlock 4X Reward Points when booking on all.com until 24/11/2024, for stays up until 12/01/2025. Guests can join the loyalty programme for free and earn points towards a number of benefits, including free hotel stays.
Novotel Nairobi Westlands is Safe Hotels Certified, ensuring our guests peace of mind with globally recognized safety standards. This certification highlights our commitment to a secure, comfortable, and welcoming stay.
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