September 8

60 African Startups Receive $4 Million Equity-Free Funding From Google

Earlier today at the Transcorp Hilton Hotel in Abuja, Google announced that 60 African startups have been selected for the second cohort of its Google for Startups Black Founders Fund.

Each of the selected startups will receive support in the form of a 6-month training programme that includes tailored workshops, community-building sessions and access to a network of mentors to assist in tackling challenges that are unique to them. The 60 startups will also get equity-free funding between $50,000 and $100,000, and up to $200,000 in Google Cloud credit.

“We’re proud that we were able to reach gender parity in this cohort,” Folarin Aiyegbusi, Head of Startup Ecosystem, Africa said. The grantees, made up of 50% women-led businesses, hail from Botswana, Cameroon, Ethiopia, Ghana, Kenya, Nigeria, Rwanda, Senegal, South Africa and Uganda.

Photo courtesy of Exchanges Photos.

Source: TechCabal (link opens in a new window)

global development, impact investing, startups