UK markets close in 8 hours 2 minutes
  • FTSE 100

    7,242.28
    +73.63 (+1.03%)
     
  • FTSE 250

    18,723.72
    +86.74 (+0.47%)
     
  • AIM

    878.97
    +3.76 (+0.43%)
     
  • GBP/EUR

    1.1617
    +0.0024 (+0.21%)
     
  • GBP/USD

    1.2121
    +0.0018 (+0.15%)
     
  • BTC-GBP

    15,758.08
    -102.73 (-0.65%)
     
  • CMC Crypto 200

    412.22
    -7.92 (-1.88%)
     
  • S&P 500

    3,825.33
    +39.95 (+1.06%)
     
  • DOW

    31,097.26
    +321.86 (+1.05%)
     
  • CRUDE OIL

    108.52
    +0.09 (+0.08%)
     
  • GOLD FUTURES

    1,811.60
    +10.10 (+0.56%)
     
  • NIKKEI 225

    26,153.81
    +218.19 (+0.84%)
     
  • HANG SENG

    21,803.61
    -56.18 (-0.26%)
     
  • DAX

    12,877.07
    +64.04 (+0.50%)
     
  • CAC 40

    5,974.92
    +43.86 (+0.74%)
     

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