Google has announced the names of 40 海角视频 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 拢3m - up from 拢1.5m last year - will be split between the businesses that have been selected.
Each successful start-up will be given $100,000 (拢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鈥檚 network.
Across Europe, founders from the 2021鈥檚 programme raised an additional $81m (拢64m) in follow-on funding and increased their headcount by 21%, Google said.
Josephine Philips, chief executive of sustainable fashion tech start-up Sojo, has been selected for the 2022 fund. She said the mentoring and networking opportunities on offer would be "invaluable" to her firm.
"[It] will help us to invest in our tech and allow the business to grow," she said. "It is great to see Google addressing the funding gap and providing real tangible support for those who are underrepresented in the start-up community.鈥
Marta Krupinska, head of Google for Startups 海角视频, said: 鈥淔or the second year in a row we've been able to debunk the myth of the 'pipeline problem'. The 海角视频 is home to a wealth of talent from underrepresented backgrounds 鈥 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 海角视频, and one third is led by women.鈥
A total of 60% of the companies selected for Google's Black Founders Fund 2022 are from London.
Mayor of London Sadiq Khan added: 鈥淥ur city is a leading hub for innovation and startups, and our tech sector has an important role to play in creating jobs and investment for the capital鈥檚 economy as we build a better London for everyone.鈥
Full list of 海角视频 start-ups selected for the Black Founders Fund 2022
- (海角视频): Combining data, machine learning and formulation expertise to create precise and personalised skincare.
- (海角视频): Delivering a digitally-enabled care pathway for better gynaecological health.
- (海角视频): Combining boxing inspired fitness with smart tech to provide a fun and accessible way to workout.
- (海角视频): A Sustainable Product Intelligence and Compliance platform enabling companies to manage, verify, and confidently communicate responsible product claims at scale.
- (海角视频): Predicting production defects in metals.
- (海角视频): An end-to-end operating system enabling the digital transformation of convenience stores.
- (海角视频): An ecosystem of on-demand web applications using contactless technology to innovate how people access, communicate and interact with each other, unrestricted by device.
- (海角视频): Online grocery shopping with preferences, made easy.
- (海角视频): The world鈥檚 first on-demand business school, designed exclusively for startups.
- (海角视频): A recruitment platform for construction companies to find and hire skilled construction workers.
- (海角视频): AI-powered digital lending platform for emerging markets.
- (海角视频): Providing the embedded lending infrastructure to enable online platforms to become a source of funding for their business users.
- (海角视频): Accelerating the transition towards net-zero materials.
- (海角视频): Virtual Reality training platform.
- (海角视频): Solving the healthcare demand-supply mismatch problem with our fractional clinician marketplace platform.
- (海角视频): A B2B SaaS company that enables fashion retailers and brands to reap the benefits of resale and the secondary market through a peer-to-peer resale platform
- (海角视频): Providing real-time, automated decision intelligence, and industry leading BI to the hospitality industry.
- (海角视频): A female focused financial investment platform, designed to get women investing more regularly and building wealth.
- (海角视频): A platform that leverages computer vision, voice & ML to accelerate life sciences in labs.
- (海角视频): The Ruka vision is to become the definitive hair brand for black women globally, by building an ecosystem of hair solutions which truly work.
- (海角视频): A sustainable fashiontech startup centralising & modernising the clothing repair and tailoring industry.
- (海角视频): A digital lending platform that facilitates access to credit to underserved micro and SME businesses in developing countries, by making lending borderless.
- (海角视频): A wellbeing app for pregnant and postnatal mothers.
- (海角视频): The 海角视频's first app-powered mobile barbershops.
- (海角视频): Creates safety tech solutions designed to make the internet safer by solving compliance and safeguarding problems with age assurance, identity authentication and content moderation.
- (海角视频): An AI driven conscious beauty marketplace.
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