Deadline: 07-Jul-21
Google for Startups is inviting applications for Black Founders Fund Africa to support early-stage Black-founded startups and startups that are benefitting the Black community on the continent.
They 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.
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.
Eligibility Criteria
- The Black Founders Fund is intended for startups with self-identifying Black leaders or companies directly supporting the Black community. They encourage established startups based in Africa who are seeking seed-stage funding to apply.
- They are 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.
- 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/