Google for Startups introduces its black founders’ fund for African startups. Through this program, Google aims to support startups on the continent with the funding they need to scale. It is specifically targeted at black-owned, early-stage startups.
The 2022 edition of the Google for Africa Black Founders Fund Africa will provide up to $100,000 in equity-free funding. It will also help beneficiaries with $200,000 in Google Cloud Credits. And they will have access to products and technical support from Google.
Startups that Google selects for this fund will benefit from it in the following ways:
- They will get either $50,000 or $100,000. The funding they will receive will depend on their current needs, product development stage, and how much funding they have previously raised.
- They could also receive an additional $200,000 in Google Cloud Credits and gain access to other Google products.
- They will get the chance to connect with founders from across the world.
Startups that intend to apply for the Google for Startups Black Founders Fund Africa Program should meet these criteria:
- Have their headquarters in Africa
- Build products that are targeted at users in Africa
- Must be creating jobs and making a positive impact in the regions in which they are active
- Have a diverse team with at least one black C-level founding member
- Must be compatible with Google products
- Be a technology-enabled or driven startup
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