The application process for the third round of the Google for Startups Black Founders Fund (BFF) for Africa has begun. Google has committed $4 million to support eligible black-founded startups.
This follows the success of a $4 million fund to 60 early-stage African founders in the second cohort. In 2021, Google distributed $3 million in non-dilutive funding to 50 investable startups in Africa.
Following the last two cohorts, the program has supported 110 black-owned startups across Africa. Sixty growth-stage startups were selected and supported through the program last year in Africa.
Startups are a critical driver of innovation, economic growth, and social progress, especially in Africa and the support that the selected startups will receive will go a long way to unlock the potential and promote growth in the African tech ecosystem and the next generation of African tech entrepreneurs. We encourage all eligible startups to apply.
The initiative’s main goal is to “bridge the existing fundraising gap for Black startup founders in Africa’s fast-growing technology landscape”.
The BFF is Google’s startup funding initiative designed to offer financial support and help to early-stage black-founded startups in a bid to accelerate growth. According to the tech giant, the fund was created in response to the financial and cultural challenges that black founders regularly face.