Black Founders Fund Africa

Giving access to funding to Black-founded startups in Africa

Overview

Jul 7
Google for StartupsAccelerator/Incubator
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Africa
Sector agnostic

A Google for Startups program giving access to funding to Black-founded startups in Africa.

Program Overview

Through the Google for Startups Black Founders Fund Africa, we are supporting early-stage Black-founded startups and startups that are benefitting the Black community on the continent. We want to bridge the existing fundraising gap for Black startup founders in Africa’s fast-growing technology landscape. This non-dilutive $3 million fund is allocated across a pipeline of 50 investable startups in Africa. The fund is open to all startups that meet the criteria, with priority given to Google for Startups Accelerator and Partner program alumni. This fund will be given along with mentorship support and Google platform credits to help the startups grow.

Who Should Apply

The Black Founders Fund is intended for startups with self-identifying Black leaders or companies directly supporting the Black community. We encourage established startups based in Africa who are seeking seed-stage funding to apply. Applications are open now through July 7, 2021.


Which countries are eligible?

We’re currently accepting applicants from the following countries in Africa: Botswana, Cameroon, Cote D’Ivoire, Ethiopia, Ghana, Kenya, Mozambique, Nigeria, Rwanda, South Africa, Tanzania, Uganda, and Zimbabwe. Applications are open now through July 7, 2021.

Who is eligible?

Here’s our eligibility criteria:

A startup that is:

  • Headquartered in Africa or has a legal presence on the continent
  • Building for Africa and a global market
  • Creating jobs, has growth potential to raise more funding, and making an impact

With a founding team that is:

  • Diverse, with at least one Black C-level founding member
  • Directly supporting the Black community

Technical requirements:

  • Technology startups with a live product in market or business where technology is core to their ability to scale (not for consultancies or not-for-profits)
  • Compatibility with Google products—our products can accelerate their growth

How much funding is offered to selected startups?

Each startup will receive either $50,000or $100,000. Funding varies according to each startup’s product development stage, current needs, and how much they’ve already raised. The Black Founders Fund is an equity-free investment. That means there is no shareholding or financial counterpart of any kind. Google won’t be part of your startup’s corporate structure or have any kind of financial return on the investment.

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