Google has announced the opening of applications for the Black Founders Fund for Startups in Africa and Europe 2023.
The Google for Startups Founders Funds provide cash awards — without giving up equity in return — and hands-on support to help Black and Latino entrepreneurs build and grow their businesses.
Established in 2020, the Google for Startups Founders Funds have provided more than $30 million to support Black-led startups in Africa, Brazil, Europe, and the United States, and Latino-led startups in the United States. The goals of our funds are to help promising founders grow their businesses and ultimately, to create generational wealth. We’ve supported 400+ founders who have gone on to raise $400M+ in follow-on venture capital.
In addition to equity-free cash awards, Founders Funds recipients receive ongoing Google mentorship, Google Cloud credits, and product support to help them navigate every stage of their startup journey.
Startups are a critical driver of innovation, economic growth, and social progress especially in Africa and the support that the selected startups will receive will go a long way to unlock the potential and promote growth in the African tech ecosystem and the next generation of African tech entrepreneurs. We encourage all eligible startups to apply.Folarin Aiyegbusi, Head of Startup Ecosystem, Google Sub-Saharan Africa