Kenya Wall Street

Google Rolls Out $6 Million Programme to Support African Startups

Google has rolled out three programmes worth $6 million, seeking to support women and young entrepreneurs and innovators in at least thirteen African countries.

In the first programme, the firm will grant $3 million to the Tony Elumelu Foundation to support women-owned startups to upscale their ideas. The funding will go a long way in providing entrepreneurship training, mentorship, and coaching to at least 5,000 women. It will also provide seed capital in one-time cash grants to 500 African women aspiring entrepreneurs in Kenya, South Africa, Nigeria, etc.

Google has further launched a $3 million fund dubbed Black Founders Fund for Africa, which is expected to benefit 50 budding startups in Kenya, Uganda, Tanzania, Botswana, Cameroon, Côte d’Ivoire, Ghana, Ethiopia, Nigeria, Rwanda, Senegal, South Africa, and Zimbabwe. BFF Africa also aims at providing cash awards and hands-on support to black-led startups in Africa without ceding any equity stake.

Under the third initiative, Google for Startups Accelerator Africa class 6 will select 15 startups to participate in a three-month online programme comprising virtual training boot camps, mentorship and Google product support.

See Also:

Kenya’s Agri-Tech Startup Secures KSh108 Million Loan from ABC Fund

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