Deadline: 31-May-22
The Google for Startups is seeking applications for the Black Founders Fund program to support early-stage, Black-founded startups on the continent.
The foundation want to bridge the existing fundraising gap for black startup founders in Africa’s fast growing technology landscape. This non- dilutive $4 million fund is allocated across a pipeline of 60 investable black-founded startups in Africa.
This fund will be given along with mentorship support and Google platform credits to help the startups grow.
Funding Information
- 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.
Eligible Countries
- They are currently accepting applicants from the following countries in Africa: Botswana, Cameroun, Côte D’Ivoire, Ethiopia, Ghana, Kenya, Mozambique, Nigeria, Rwanda, South Africa, Tanzania, Uganda, and Zimbabwe
Benefits
- The best of Google: They connect founders with the very best of Google’s people, products, and practices.
- Access to capital: Up to $100K in equity-free cash will be awarded to each startup.
- Global community: At its core, the Black Founders Fund is a global initiative. Selected founders have the opportunity to connect with founders from all over the world.
Eligibility Criteria
- 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—their products can accelerate their growth
For more information, visit https://campus.co/africa/black-founders-fund/