Tech giant Google has started doing for Africa what it did to open up the internet💫
Are you a black entrepreneur with a startup & developing for Africa?
If yes, apply for an equity free loan of up to $100,000 + $220,000 in Google Cloud Credits, Ad Grants, as well as mentoring, technical & scaling assistance from, “The Google for Startups Black Founders Fund Africa” by the 7th of July.
Google’s $3M non-dilutive fund will go to 50 investable startups in Africa, of up to $100,000 in cash awards and each selected startup will also receive $220,000 in Google Cloud Credits, Ad Grants and other mentoring, technical & scaling assistance.
Africa’s Internet economy is expected to contribute nearly $189 billion to it’s overall GDP by 2025, rising to $712 billion by 2050.
Google is committed to developing targeted programs to assist African techpreneurs to access technical and financial assistance to develop the ecosystem.
In partnership with Co-Creation Hub, Google funding will be distributed to 50 selected African startups.
Applications are opened for eligible startups – visit goo.gle/BFFAfrica to apply by 7th July.
Since 2017, Google’s $20M commitment prioritized funding, learning solutions & mentoring programs to accelerate women-led startups by focusing on nonprofit organizations supporting access to economic opportunity for women.
Google is giving $3M to the “Tony Elumelu Foundation”, through its annual entrepreneurship program to provide training, mentorship, coaching & access to networks & key markets for over 5000 women & cash grants to 500 informal female SMEs in rural & low income communities in Nigeria, South Africa, Kenya & select Francophone countries.
Since 2018, Google’s Startups Accelerator Africa has supported 67 startups from 17 African countries who have collectively raised $72M & created 2800 direct jobs.
In 2021, Google selected 15 high-potential startups, with 47% women cofounders from across 7 countries and 7 sectors – Angaza Elimu (Kenya) – Education tech; Chekkit (Nigeria) – track and trace software; Emergency Response Africa (Nigeria) – healthcare tech; Envisionit Deep AI (South Africa) – medical diagnostic AI product; GeroCare (Nigeria):
A cloud-based elderly care hospital; Khula! (South Africa) – Agric tech; Nguvu Health (Nigeria) – preventive and corrective tech for mental health; OneHealth (Nigeria) – pharmacy and healthcare platform; PayWay Ethiopia (Ethiopia) – payment tech; Tabiri Analytics Inc (Rwanda) – cyber security tech; Tendo (Ghana) – zero capital investment platform; Third.Design (Tunisia) – SaaS platform for 3D immersive designs; Vittas International (Nigeria) – finance platform for healthcare SMEs; & Whoosh (South Africa) – payments solution.
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