2022 Google Startups Black Founders Fund for African Entrepreneurs ($4 million Fund)
Applications for the 2022 Google Startups Black Founders Fund are now open for interested and eligible African entrepreneurs.
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The fund is an investment commitment of $4 million to 60 eligible black-founded startups across Africa, getting at least $100,000.
Following the success of the first cohort last year, Google will increase its commitment with an additional $1 million in funding and support for ten more founders this year.
The Black Founders Fund is intended for startups led by founders who self-identify as Black and are based in Africa. We want to hear from you if your product is in-market and you’re ready to fundraise.
In 2021, the Google for Startups Black Founders Fund invested $3M into 50 Black led-startups in Africa. Since then, the selected startups have raised $73M+ in follow-on funding, hired more staff, and grown their revenues.
To be considered for the Google Startups Black Founders Fund, you must meet the following requirements;
- Early-stage startups with black founders or diverse founding teams,
- Startups that are benefiting the black community,
- Operating and headquartered in Africa,
- Startups with a diverse founding team with at least one black founding member;
- Those having a legal presence on the continent and building technology solutions for Africa and the global market;
- Those who have the growth potential to raise more funding and create jobs.
Duration and Reward
- Access to capital up to $100K in equity-free cash will be awarded to each startup.
- We connect founders with the very best of Google’s people, products, and practices.
- At its core, the Black Founders Fund is a global initiative. Selected founders can connect with founders from all over the world.