Access to funding is a challenge for the majority of businesses in the continent, fortunately, some organisations are wiling to help where they can to alleviate the problem. One such organisation is Google Africa through its Black Founders Fund initiative is planning to assist 60 African startups with cash injection and resources.
“We are now pleased to announce that 60 additional startups have been selected as beneficiaries of the Google for Startups Black Founders Fund in Africa 2022. This cohort represents 10 African countries, with Botswana joining the program for the first time,” said the company in a blog post.
“Selected startups will receive $100,000 in non-dilutive cash awards, paired with up to $200,000 in Google Cloud credits per startup.”
“The startups will also receive ongoing hands-on business and technical mentorship from Google’s network of mentors and facilitators, learning the best practices on a range of topics from artificial intelligence, organisational culture, people management, to growth strategies and more.”
According to Google Africa, “since introducing the Google for Startups Black Founders Fund in Africa in 2021, we’ve supported 50 startups from nine African countries that have gone on to raise over $87 million and created 518 jobs.”
