$6 million funding in backing startups and SMEs in Africa: A Google project

$6 million funding in backing startups and SMEs in Africa: A Google project

Google project: In relation to its dedication to African new businesses including unmerited communities Today Google declared novel initiatives aimed at new businesses and SMEs in Africa which encompasses a $3 million Black Founders Fund for African new businesses with a $3 million Google.org grant to aid low-income communities to build up entrepreneurial skills and funding.

Google for New Businesses Black Founders Fund

The Google for New businesses Founders Fund in Africa will offer grants including technical aid to new startups headed by black and different teams, or in a pursue of moving the Black community forward.
The plan will see 50 African startups incur $100,000 in cash awards.

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The chosen companies will also get $220,000 each in Google Cloud Credits and Ad Grants. Furthermore, mentoring, technical and scaling assistance from the best of Google will also be a benefit.
The program is open for applicants from today till July 7th. Qualified startups can visit google/BFFAfrica now to apply.

Financial backing for SME and endorsement for 500 female enterprisers

The Tony Elumelu Foundation will also be getting $3 million from Google, who via their yearly entrepreneurship program will render entrepreneurship training, guide, teaching and access to networks and important markets for not less than 5,000 women, also seed capital like one-time cash grants to 500 African female informal business-owners in undeveloped and low-income communities across Nigeria, South Africa, Kenya and chosen Francophone countries.

Google for Startups Accelerator: Africa

All around the continent, 15 tech startups have been selected to take part in the GFSA; and the three-month online mentorship programme commences today, June 21, 2021.

These firms are employing technology to construct interesting products and find solutions to some of Africa’s largest challenges, with a big possibility of contributing to the billion-dollar Africa internet economy.

As of 2018 where the GSFA came into existence till now, Google has succeeded in backing 67 startups from 17 African countries who have jointly raised $72 million including the provision of 2800 direct jobs.

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