Google invite applications for the Google for Startups Black Founders Fund Africa
- Application Deadline: July 7th 2021
A Google for Startups program giving access to funding to Black-founded startups in Africa.
Through the Google for Startups Black Founders Fund Africa, we are supporting early-stage Black-founded startups and startups that are benefitting the Black community on the continent. We want to bridge the existing fundraising gap for Black startup founders in Africa’s fast-growing technology landscape. This non-dilutive $3 million fund is allocated across a pipeline of 50 investable startups in Africa. The fund is open to all startups that meet the criteria, with priority given to Google for Startups Accelerator and Partner program alumni. This fund will be given along with mentorship support and Google platform credits to help the startups grow.
Google for Startups Black Founders Fund Africa Requirements
- The Black Founders Fund is intended for startups with self-identifying Black leaders or companies directly supporting the Black community.
- Google encourage established startups based in Africa who are seeking seed-stage funding to apply.
- Currently accepting applicants from the following countries in Africa: Botswana, Cameroun, Cote D’Ivoire, Ethiopia, Ghana, Kenya, Mozambique, Nigeria, Rwanda, South Africa, Tanzania, Uganda, and Zimbabwe.
Eligibility For Google for Startups Black Founders Fund Africa
A startup that is:
- Headquartered in Africa or has a legal presence on the continent
- Building for Africa and a global market
- Creating jobs, has growth potential to raise more funding, and making an impact
With a founding team that is:
- Diverse, with at least one Black C-level founding member
- Directly supporting the Black community
Technical requirements:
- Technology startups with a live product in market or business where technology is core to their ability to scale (not for consultancies or not-for-profits)
- Compatibility with Google products—our products can accelerate their growth
Funding
- Each startup will receive either $50,000 or $100,000. Funding varies according to each startup’s product development stage, current needs, and how much they’ve already raised.
- This $3M non-dilutive fund will be allocated across a pipeline of 50 investable startups in Africa, with each firm receiving up to $100,000 in cash awards.
- Each selected company will also receive $220,000 in Google Cloud Credits and Ad Grants, as well as mentoring, technical and scaling assistance from the best of Google. The equity-free fund is available to entrepreneurs developing for Africa, on the continent.
For further details, Visit the Official Webpage of the Google for Startups Black Founders Fund Africa
