Page 16 - Identifying and scaling AI startups for SDGs

Identifying and scaling AI startups for SDGs

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OKO Finance is recognized as a leading insurance company
across 7 countries, including Angola, Ivory Coast, Mali,
Mozambique, Senegal, Togo and Uganda.

“The idea emerged as I was working in Papua New Guinea for a
life insurance product distributed via mobile phones. A drought
hit the country and most customers suddenly stopped paying
as they lost their main source of income, which came from
agriculture. I realized that the tool that I was successfully using
to distribute life insurance could be adapted to distribute crop
insurance and change the lives of millions of vulnerable people,”

said Simon Schwall. OKO Finance has secured funding from
Mercy Corps Ventures and has participated in Microsoft for
Startups Israel’s AI for Good Accelerator Program.

Bioniks, the winner of the “Meet the Robotics for Good start-ups
advancing sustainable development – 2nd Session” is a social
enterprise, that leads the way in pioneering innovative solutions
for individuals with disabilities, offering AI-powered, affordable
bionic limbs. The prosthetics are made with cutting-edge
technology, custom-designed, cost-effective, and non-invasive,
revolutionizing accessibility for all. Since winning, Bioniks has
made news all around the world for its inclusive prosthetics,
including at The Friday Times, Arab News PK, and the Gulf News.

8 AI for Good Innovation Factory: 2024

8.1 AI for Good Innovation Factory Grand Finale

Geneva, Switzerland, 30 May 2024

At the AI for Good Global Summit, the AI startup Stemuli with their ground-breaking generative
metaverse gaming EdTech platform was declared the winner of the Innovation Factory Grand
Finale in Geneva, Switzerland.

The year-long awaited Innovation Factory Grand Finale was launched with opening remarks
by Her Royal Highness Princess Beatrice from the United Kingdom and an innovative opening
demonstration of a football match carried out by two teams of humanoid robots – NomadZ,
from ETH Zurich.

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