Google announces $4 million in funding for startups in Africa and Europe
Google has announced applications for the third cohort of its Black Founders Fund for startups in Africa and Europe.
This was announced in a statement from Startup Ecosystem Manager, Google, Sub-Saharan Africa, Folarin Aiyegbusi, on Tuesday in Lagos.
He revealed that the tech company would allocate four million dollars to support eligible black-founded startups this year.
Aiyegbusi said the program is in line with his commitment to digital transformation and support for black-founded startups.
He revealed that startups operating and having their headquarters in Africa or having a legal presence in the continent were eligible to apply for the BFF.
He said startups who want to apply should benefit the black community or early-stage startups with black founders or diverse founding teams.
Aiyegbusi said startups should grow for Africa and the global market, have the growth potential to raise more funds and create jobs.
According to him, the selected startups will receive between $150,000 and $200,000 in cash rewards without capital and per startup in Google Cloud credits, support in the form of training and access to a network of mentors to help them to meet the challenges specific to each startup.
"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 unlocking the potential and promoting the growth of the industry. tech ecosystem and the next generation of African tech entrepreneurs.
“We encourage all eligible startups to apply after the successful completion of two BFF cohorts, the program has supported a total of 110 black-owned startups across Africa,” he said.
He said 60 growth-stage startups were selected and supported through the program last year in Africa.
Aiyegbusi said Africa has a growing population with one in three Africans estimated to be under 35 by 2050.
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Google has announced applications for the third cohort of its Black Founders Fund for startups in Africa and Europe.
This was announced in a statement from Startup Ecosystem Manager, Google, Sub-Saharan Africa, Folarin Aiyegbusi, on Tuesday in Lagos.
He revealed that the tech company would allocate four million dollars to support eligible black-founded startups this year.
Aiyegbusi said the program is in line with his commitment to digital transformation and support for black-founded startups.
He revealed that startups operating and having their headquarters in Africa or having a legal presence in the continent were eligible to apply for the BFF.
He said startups who want to apply should benefit the black community or early-stage startups with black founders or diverse founding teams.
Aiyegbusi said startups should grow for Africa and the global market, have the growth potential to raise more funds and create jobs.
According to him, the selected startups will receive between $150,000 and $200,000 in cash rewards without capital and per startup in Google Cloud credits, support in the form of training and access to a network of mentors to help them to meet the challenges specific to each startup.
"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 unlocking the potential and promoting the growth of the industry. tech ecosystem and the next generation of African tech entrepreneurs.
“We encourage all eligible startups to apply after the successful completion of two BFF cohorts, the program has supported a total of 110 black-owned startups across Africa,” he said.
He said 60 growth-stage startups were selected and supported through the program last year in Africa.
Aiyegbusi said Africa has a growing population with one in three Africans estimated to be under 35 by 2050.
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