Google backs black-founded start-ups with R69m

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Google backs black-founded start-ups with R69m
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Start-ups joining the googleafrica for Start-ups Black Founders Fund for Africa programme will receive a total of $4 million in funding. BlackLivesMatter startups SMEs

According to Google, each of the selected start-ups will receive support in the form of a six-month training programme that includes access to a network of mentors to assist in tackling challenges that are unique to them.

They specialise in sectors such as fintech, healthcare, e-commerce, logistics, agtech, education, hospitality and smart cities. “Africa is a diverse continent with massive opportunity but the continent is faced with the challenge of limited diversity in venture capital funding flow,” says Folarin Aiyegbusi, Google head of start-ups in Sub-Saharan Africa.

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