Cortex Ventures has become the first Artificial Intelligence focused venture fund in Africa. It was unveiled by South Africa’s Cortex Group. The group also unveiled Click-2Pitch Challenge for AI startups.
Cortex Ventures will serve as Africa’s one-stop-shop for AI-focused startups and scale-ups seeking early or growth stage funding – coupled with the unique opportunity to tap into the Cortex Group’s technical advisory, AI-application development capabilities and co-working space.
Welcome to @CortexVentures – a division of @CortexGroupAI | An #AI-focused seed to growth #VentureCapital company the develops, incubates & invests in entrepreneurial businesses within the #African #ArtificialIntelligence Community to accelerate their growth & global expansion. pic.twitter.com/9UnnjhlYub
— Cortex Ventures (@CortexVentures) April 30, 2019
Dr Jacques Ludik, Cortex Group Founder and CEO said: “ The AI play is so large, that we decided it would be beneficial to create a Venture Capital company focusing on companies, innovators, and entrepreneurs working with AI-based technologies – specifically leveraging Data Science, Machine Learning or Deep Learning in their stack. The world of AI is recognizing a global explosion of new companies seeking investment, and we intend to fill that gap – especially those seeking early-stage funding, traditionally dubbed high risk by more traditional VCs and investment entities such as banks, angel or private investors”.
Giving more details about the Click-2Pitch Challenge, Cortex Group CMO, and Director Cortex Ventures, Dr Nick Bradshaw stated: “As a call-to-action, we invite AI-focused start-ups and scale-ups to take part in our Click-2- Pitch Challenge.
“It encompasses a very simple application process, inviting candidate companies to submit and join our investment and advice program. Applying is free of charge and will be reviewed by our investment team, which could lead to the opportunity to pitch for investment. Whether you are at pre-MVP, MVP, pre-revenue or post-revenue stage – we review all proposals and advise accordingly. Screening is currently active, and we welcome all submissions from across the African continent.”
Click here for more details: http://cortexgroup.ai/
