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Thursday, July 18, 2024

Tech Giant Google has started doing for Africa what it did to open up the internet

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.

 #startup #startups #entrepreneurs #funding #founders #africa #cloud #nigeria #kenya #google #southafrica #francophone #entrepreneurship #innovation #business #coaching #growth #mentoring #training #women #Ghana #Tunisia #Ethiopia #SMEs #businessowners

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