Thirty-five of 76 recipients of the Google for Startups Black Founders cash awards will go to metro Atlanta businesses, the company says in a news release.
Those 35 local entrepreneurs will each receive up to $100,000 in cash awards, totaling 2.3 million. The sum is about half of the $5 million Google has allotted for the program.
The money is non-dilutive, which means founders have not had to give up any stakes in their companies.
The monetary prizes signal Google’s renewed commitment to minority businesses across the country, but especially in Georgia.
Atlanta-Based Black Entrepreneurs Awarded Millions From Google
The distribution of cash awards for Black Founders Fund recipients nationwide will be administered by Goodie Nation, an Atlanta-based nonprofit that facilitates and accelerates social capital opportunities.
“We are committed to helping Black founders who have been deeply impacted by COVID-19 and who are disproportionately locked out of access to the funding they need to succeed,” says Jewel Burks Solomon, Head of Google for Startups US. “By combining cash awards with Google for Startups mentorship and programming, we hope to help create a more level playing field for these founders, who are building amazing companies and making an impact on their communities.”
Here Are The Georgia-Based Black Founders Fund Recipients
- Aquagenuity
- Brown Toy Box
- Clubba (by Usit Inc.)
- Countalytics
- Deepr
- Edifius
- Film Connx
- Goodr
- Healthy Hip Hop
- Infiltron Software Suite
- Jax Rideshare Rentals
- Just Add Honey
- Knac
- Kommute
- Laine London
- Latched and Hooked Beauty
- LVNGbook
- Make Music Count
- MantisEDU
- Mar Dat
- Music Tech Works
- Musicbuk
- Optimal Technology Corporation
- Origyn, PBC
- Pharaoh’s Conclave
- Portrait Coffee
- Qoins
- SOIL
- SPRAISE
- Staat
- TQIntelligence
- TruDiary
- U Scope Technologies
- Vibe Ride
- WRINKLE FREE DELIVERY
“The Google for Startups Black Founders Fund will have a considerable impact on the growth of Portrait Coffee,” says Aaron Fender, founder of Portrait Coffee, a specialty coffee company leveraging excellent product and hospitality to reimagine Black representation in the industry. “This capital and support comes at a critical time, allowing us to hire more team members and purchase additional manufacturing equipment to support our growing business.”
If you’re interested in more opportunities for minority-owned firms, check out our Guide to Supporting Black Businesses.
We also have special coverage of Black Farmers In Atlanta as well as How To Keto In Atlanta.
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