Advertisment
Monday, August 15, 2022
  • About Us
  • Contact Us
  • TNG Board
  • TNG Investigation
  • Login
TheNewsGuru
  • Trending
  • News
    • Nigeria
    • World
  • Politics
  • Entertainment
  • Sports
    • Football
  • Business News
  • Technology
No Result
View All Result
TheNewsGuru
  • Trending
  • News
    • Nigeria
    • World
  • Politics
  • Entertainment
  • Sports
    • Football
  • Business News
  • Technology
No Result
View All Result
TheNewsGuru
No Result
View All Result

Home » Tech » Google funds hub for disbursement of $100,000 fund to startups in Africa

Google funds hub for disbursement of $100,000 fund to startups in Africa

Ediri Oyibo by Ediri Oyibo
1 year ago
in Tech, Technology
Reading Time: 2 mins read
A A
0
Google to discontinue popular service
286
SHARES
1.5k
VIEWS

Co-creation Hub (CcHUB) on Thursday announced a partnership with Google for Startups to lead the disbursement of the Black Founders Fund Africa.

The fund would provide grants and technical support to early-stage startups in Africa to grow their companies and create meaningful impact in their communities.

Mr Bosun Tijani, the Chief Executive Officer (CEO) of Co-creation hub, in a statement on Friday, said it was heartwarming to see Google’s continued commitment to strengthening and elevating the start-up ecosystem in Africa.

RecommendedReads

Google to discontinue popular service

Google highlights Peter Obi, Putin as top trending personalities in first half of 2022

3 weeks ago
1.4k
Google to discontinue popular service

Google upskills alternative young creators

2 months ago
1.5k

“Google was one of the early believers in tech entrepreneurs across Africa and the evolution of the support over the last 10 years, reflect a thoughtful and contextualised commitment.

“This programme will not only empower founders across the continent but also deepen the pipeline and unlock follow-on funding from both local and foreign investors.

“It is extremely timely,” he said.

He said the fund, which is a non-dilutive (equity-free) fund, would be allocated across a pipeline of 50 investable early-stage startups in Africa and selected companies would receive the fund.

“Up to 100,000 dollars in cash awards, each startup will receive either 50,000 or 100,000 dollars.

“Funding varies according to each startup’s product development stage, current needs and how much they’ve already raised.

“There will be 220,000 dollars in Google Cloud Credits and Ad Grants, mentoring, technical and scaling assistance from the best of Google and its resources,” he noted.

He said the eligible startup would be the one headquartered in Africa or had a legal presence on the continent with a founding team that was diverse, with at least one Black C-level founding member.

“A Technology startup with a live product in market or business where technology is core to their ability to scale (not for consultancies or not-for-profits).

“A startup with services that is compatible with Google products, “he said.

The deadline for application is July 7, 2021.

Author

  • Ediri Oyibo

    View all posts

Tags: Co-CreatorfundGoogleHub
SendShare114Tweet72
Previous Post

Trump seeks revenge on Republican impeachment voter with Ohio rally

Next Post

COVID-19: NCDC registers 35 new infections in 4 states, no fatality

Related Contents

BridgeGap introduces innovative app, 56 Bridge
News

BridgeGap introduces innovative app, 56 Bridge

3 days ago
1.4k
NCC chairs ministerial broadband implementation steering committee
Tech

NCC clarifies new fees on adverts, promos

3 days ago
1.5k
NCC to support indigenous innovative solutions based on 5G
Tech

NCC to support indigenous innovative solutions based on 5G

5 days ago
1.4k
Load More
Next Post
American woman dies in Delta hotel, COVID-19 test result released

COVID-19: NCDC registers 35 new infections in 4 states, no fatality

JAMB speaks on sales of forms for 2021 UTME

How to check 2021 UTME result

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Co-creation Hub (CcHUB) on Thursday announced a partnership with Google for Startups to lead the disbursement of the Black Founders Fund Africa. The fund would provide grants and technical support to early-stage startups in Africa to grow their companies and create meaningful impact in their communities. Mr Bosun Tijani, the Chief Executive Officer (CEO) of Co-creation hub, in a statement on Friday, said it was heartwarming to see Google’s continued commitment to strengthening and elevating the start-up ecosystem in Africa. “Google was one of the early believers in tech entrepreneurs across Africa and the evolution of the support over the last 10 years, reflect a thoughtful and contextualised commitment. “This programme will not only empower founders across the continent but also deepen the pipeline and unlock follow-on funding from both local and foreign investors. “It is extremely timely,” he said. He said the fund, which is a non-dilutive (equity-free) fund, would be allocated across a pipeline of 50 investable early-stage startups in Africa and selected companies would receive the fund. “Up to 100,000 dollars in cash awards, each startup will receive either 50,000 or 100,000 dollars. “Funding varies according to each startup’s product development stage, current needs and how much they’ve already raised. “There will be 220,000 dollars in Google Cloud Credits and Ad Grants, mentoring, technical and scaling assistance from the best of Google and its resources,” he noted. He said the eligible startup would be the one headquartered in Africa or had a legal presence on the continent with a founding team that was diverse, with at least one Black C-level founding member. “A Technology startup with a live product in market or business where technology is core to their ability to scale (not for consultancies or not-for-profits). “A startup with services that is compatible with Google products, “he said. The deadline for application is July 7, 2021.
No Result
View All Result
  • Columnist
  • News
    • National
    • World
  • TNG Investigations
  • Politics
  • Business
  • Entertainment
  • Tech

© 2021 Thenewsguru.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
targetBlank();
We use cookies to offer you a better browsing experience. If you continue to use this site, you consent to our use of cookies.
I Accept Cookies
We use cookies to offer you a better browsing experience. If you continue to use this site, you consent to our use of cookies.
I Accept Cookies