Gadgets Africa
  • News
    Twitter blocks links to one-week-old rival Threads

    Twitter blocks links to one-week-old rival Threads

    Twitter CEO Yaccarino debunks alleged decline in traffic

    Twitter CEO Yaccarino debunks alleged decline in traffic

    Microsoft to layoff nearly 300 workers

    Microsoft to layoff nearly 300 workers

    Twitch adds Stories features to app

    Twitch adds Stories features to app

    Meta to launch twitter-like ‘threads’ app

    Meta to launch twitter-like ‘threads’ app

    Coinbase shares surges after Cboe names crypto exchange

    Coinbase shares surges after Cboe names crypto exchange

    Tweeps react to Twitter accounts restriction

    Tweeps react to Twitter accounts restriction

    WhatsApp introduces QR-code method for data transfer

    WhatsApp introduces QR-code method for data transfer

    ChitChat: Zambian startup, Mastercard launch encrypted messaging platform

    ChitChat: Zambian startup, Mastercard launch encrypted messaging platform

  • Apps
  • Cryptocurrency
  • featured
  • Telecommunications
  • Gadgets
  • FinTech
  • Tech leaders
Gadgets Africa
No Result
View All Result

Google resumes $4m fund for startups in Nigeria

by Agency Report
May 18, 2022
in News
Reading Time: 2 mins read
India fines Google $162m over market dominance

FILE: Google

Share on FacebookShare on TwitterShare on Telegram

Google has announced that applications for the second cohort of its Startup Black Founders Fund for Africa are now open.

According to the firm, it is increasing its commitment to $4m in funding and supporting 10 more founders because of the success of its first cohort.

It added that the Black Founders Fund Africa is open to startups that meet the eligibility criteria in Botswana, Cameroun, Côte d’Ivoire, Ghana, Ethiopia, Kenya, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, and  Zimbabwe.

It stated that while these thirteen countries are the prime focus, strong applications from other African countries will also be considered.

In a statement, Head of Startup Ecosystem, SSA, Folarin Aiyegbusi, said, “The Black Founders Fund Africa demonstrates our commitment to supporting innovation in underserved areas.

“Black-led tech startups face an unfair venture capital funding environment and that is why we are committed to helping them thrive, grow to be better and ensure the success of communities and economies in our region.

“The fund will provide cash awards and hands-on support to 60 Black-led startups in Africa, which we hope will aid in developing affordable solutions to fundamental challenges affecting those at the base of the socio-economic pyramid in Africa.”

According to the firm, selected startups will receive between $50,000 and  $100,000 non-dilutive cash awards and up to $200,000 per startup in Google Cloud credits, support in the form of training, and access to a network of mentors to assist in tackling the challenges unique to each startup.

It added, “The following African businesses are eligible for selection for the BFF: early-stage startups with black founders or diverse founding teams,  startups which are benefiting the black community, operating and headquartered in Africa, startups with a diverse founding team with at least one black founding member; those having a legal presence on the continent and building technology solutions for Africa and the global market; and those who have the growth potential to raise more funding and create jobs.”

Tags: Black Founders Fund Africa
ADVERTISEMENT

Related Posts

Twitter blocks links to one-week-old rival Threads
News

Twitter blocks links to one-week-old rival Threads

by Alex Omenye
July 11, 2023
Twitter CEO Yaccarino debunks alleged decline in traffic
News

Twitter CEO Yaccarino debunks alleged decline in traffic

by Alex Omenye
July 11, 2023
Microsoft to layoff nearly 300 workers
News

Microsoft to layoff nearly 300 workers

by Joy Onuorah
July 11, 2023
Twitch adds Stories features to app
featured

Twitch adds Stories features to app

by Alex Omenye
July 8, 2023
Next Post
Lagos: Gov Sanwo-Olu bans Okada in six local govts

Lagos: Gov Sanwo-Olu bans Okada in six local govts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

Huawei launches first smartphone with satellite texting

Huawei launches first smartphone with satellite texting

September 7, 2022
African startup joins Mastercard programme

Mastercard, Opay to launch payment platform in Nigeria

May 22, 2022

Trending.

Price of .NG domains  falls by 40%

Price of .NG domains falls by 40%

March 22, 2022
Apple hikes prices for iPhone, MacBook’s battery repair

Apple hikes prices for iPhone, MacBook’s battery repair

January 4, 2023
Intel co-founder, Gordon Moore dies at 94

Intel co-founder, Gordon Moore dies at 94

March 25, 2023
Meta

How Meta lost $13.7b in 2022

February 5, 2023
Japan warns ChatGPT maker OpenAI over data collection

OpenAI to launch iOS ChatGPT app

May 18, 2023
Gadgets Africa

© 2023 Gadgets Africa.

Navigate Site

  • News
  • Apps
  • Cryptocurrency
  • featured
  • Telecommunications
  • Gadgets
  • FinTech
  • Tech leaders

Share

No Result
View All Result
  • News
  • Apps
  • Cryptocurrency
  • featured
  • Telecommunications
  • Gadgets
  • FinTech
  • Tech leaders

© 2023 Gadgets Africa.

Go to mobile version