Google has launched its latest round of funds for Black and brown founders.
Feb 28, 2023
Google is back with more funds and resources to help Black founders thrive and survive. Originally created to help alleviate financial and societal pressures Black founders face, the Google for Startups Black Founders Fund is still continuing to help Black business owners along their journey. Last year, 76 Black-led startups received up to $100,000 in funding and didn’t have to give up any ownership to their company in the process. Now with a second $5 million investment placed into the U.S. Black Founders Fund, the total amount of capital available for distribution has been raised to $10 million. This year’s recipients will receive support from tools and teams across Google, about $120,000 in donated search Ads from Google.org, and up to $100,000 in Google Cloud credits. In an announcement made by the company, there were 50 recipients revealed to be a part of the second Black Founders Fund in the U.S. This year and last year combined bring that list to a total of 126 founders who...
Sep 21, 2021