The Google for Startups Founders Funds provide monetary rewards and hands-on support to Black and Hispanic entrepreneurs as they establish and expand their firms.
The Google for Startups Founders Funds, which were established in 2020, have granted more than $30 million to help Black-led firms in Africa, Brazil, Europe, and the United States, as well as Latino-led startups in the United States. The funds’ objectives are to assist promising founders in growing their firms and, ultimately, to create generational wealth. Google has helped 400+ founders raise $400 million or more in follow-on venture finance.
In addition to equity-free cash rewards, Founders Funds recipients receive continuing Google mentorship, Google Cloud credits, and product support to assist them in navigating each stage of their business.
Selection Criteria:
- Diverse companies with at least one Black founder or Latino founder (for the respective funds) on their founding team.
- Between Pre-seed and Series A
- Scalable product or service with a significant total addressable market and defensible growth model
- Ready to go global
Benefits:
- Access to capital: Equity-free cash awards to help you build and grow your business.
- Custom Mentorship: Receive tailored product and leadership support from Google mentors and industry experts.
- Leadership training: Become a more effective leader through research-based strategies and expert coaching.
- Founder network: Connect and learn from fellow founders and access a peer-to-peer support network.
- Google Cloud credits and support: Receive Google Cloud credits and dedicated support via the Google for Startups Cloud Program.
- Program Highlights
- 1) Non-dilutive (equity-free) cash awards of up to $150,000 per startup
- 2) Up to $200k in Cloud Credits
- 3) Access to a network of mentors to help tackle each startup’s unique challenges
