Google for Startups has announced the 25 Africa-based startups selected for this year’s US$4 million Black Founders Fund. Disrupt Africa reported in July 2021 on the US$3 million Google for Startups Black Founders Fund Africa, which is part of Google’s racial equity commitments announced in June 2020. Fifty founders were awarded equity-free funding, and for the second edition Google increased its commitment with an additional US$1 million in funding, and supported 10 more founders. The Google for Startups Black Founders Fund is committed to addressing the stark inequality in VC funding by providing black founders with the resources and support they need to succeed,” said Folarin Aiyegbusi, head of startups ecosystem for Africa at Google. Ifedayo Durosinmi-Etti, founder of Herconomy, said being chosen for the 2023 Black Founders Fund would fuel its revolutionary vision and accelerate its progress.

Source: The North Africa Journal June 22, 2023 08:05 UTC