Google has announced the names of 40 UK black-led businesses that will receive a share of cash from its Black Founders Fund for 2022.
The tech giant's start-up arm, Google for Startups, launched the fund in 2021 to help tackle stark racial inequality in venture capital funding. A total of £3m - up from £1.5m last year - will be split between the businesses that have been selected.
Each successful start-up will be given $100,000 (£86,000) in non-dilutive cash awards; up to $200,000 in cloud credits and ad support; one-to-one mentoring by industry experts; and connections within Google’s network.
