Google For Startups is funding African founded business initiatives

Google is empowering African businesses founded in Africa. The funding program is The Google for Startups Black Founders Fund Africa Program 2022 for early-stage African Startups with a total of $4 million in funding.

The program was previously done in 2021 with a total budget of $3 million.

Google is assisting early-stage, Black-founded firms on the continent through the Google for Startups Black Founders Fund Africa. In Africa’s fast-growing technological scene, Google wants to close the funding gap for Black business entrepreneurs. Founders will earn up to $100K in cash and up to $200K in Google Cloud Credits, as well as access to the best of Googlepeople, products, and practices.

Eligibility Requirements Startups must be:

Headquartered in Africa or has a legal presence on the continent
Building for Africa and a global market
Creating jobs, able to show 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 inmarket or a business where technology is core to their ability to scale (the initiative is not for consultancies or not-for-profits)
Compatibility with Google products—our products can accelerate your growth

Eligible Countries

Botswana, Cameroun, Cote D’Ivoire, Ethiopia, Ghana, Kenya, Mozambique, Nigeria, Rwanda, South Africa, Tanzania, Uganda, and Zimbabwe.

Benefits

Access to capital : Up to $100K in equity-free cash will be awarded to each startup. 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.

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. For More Information: Visit the Official Webpage of Google for Startups Black Founders Fund Africa Program 2022.