UK markets close in 3 hours 8 minutes
  • FTSE 100

    7,563.74
    +21.89 (+0.29%)
     
  • FTSE 250

    19,984.23
    -152.42 (-0.76%)
     
  • AIM

    922.93
    -1.63 (-0.18%)
     
  • GBP/EUR

    1.1767
    -0.0056 (-0.47%)
     
  • GBP/USD

    1.1825
    -0.0108 (-0.91%)
     
  • BTC-GBP

    18,135.04
    -1,829.80 (-9.17%)
     
  • CMC Crypto 200

    509.30
    -48.43 (-8.68%)
     
  • S&P 500

    4,283.74
    +9.70 (+0.23%)
     
  • DOW

    33,999.04
    +18.72 (+0.06%)
     
  • CRUDE OIL

    88.78
    -1.72 (-1.90%)
     
  • GOLD FUTURES

    1,765.00
    -6.20 (-0.35%)
     
  • NIKKEI 225

    28,930.33
    -11.81 (-0.04%)
     
  • HANG SENG

    19,773.03
    +9.12 (+0.05%)
     
  • DAX

    13,628.02
    -69.39 (-0.51%)
     
  • CAC 40

    6,534.94
    -22.46 (-0.34%)
     

Google for Startups deploys $4M of grant funding to 40 Black-led startups across Europe

·5-min read

In an effort to kick-start a greater number of Black tech founders in Europe, last year Google for Startups launched a $2 million (£1.5 million) grant fund to help tackle the quite obvious and stark racial inequality in the European tech industry. That fund ended up doubling to $4 million (£3 million) and now 40 Black-led tech starups across Europe will receive grants from the fund.

Each startup will be given $100,000 in non-dilutive cash awards, up to $200,000 in cloud credits and ad support, mentoring by industry execs and connections inside Google’s network.

Prior to the fund’s launch in 2021, less than 0.25% of venture capital (VC) funding went to Black-led startups in the U.K.

British tech startups will make up two-thirds of the 40 companies selected across Europe, and are spread across beauty, fashion, education, construction and food/beverage.

Marta Krupinska, Head of Google for Startups UK: “For the second year in a row we've been able to debunk the myth of the 'pipeline problem'. Europe is home to a wealth of talent from underrepresented backgrounds – we're so excited to have doubled last year's fund and partner with 40 fantastic companies, of which two-thirds are based in the UK, and one third is led by women.”

The full list is below (with the descriptions supplied by the startups themselves):

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting