Atlanta is once again represented among a new round of recipients of the Google for Startups Black Founders Fund.
Google for Startups recently announced the recipients of its fourth Google for Startups Black Founders Fund and second Latino Founders Fund, which respectively provide promising Black and Latino-led startups non-equity cash awards to help fuel their businesses.
Atlanta Startup Is Recipient Of Google for Startups Founders Fund
One Georgia-based founder is among the recipients. Atlanta-based ConConnect is an innovative AI-powered platform that bridges the gap between the formerly incarcerated, case worker-driven organizations, and employers, fostering successful reintegration through resource matching, skills training, and tailored job opportunities.
“Being a part of the Google Black Founders Fund for me means change and a chance to make big social impact technology advances alongside a tech giant,” ConConnect CEO Andre Peart said in a news release.
What Is The Google For Startups Founders Fund?
The Google for Startups Black and Latino Founders Funds provides $150,000 cash awards as well as hands-on support to help Black entrepreneurs build and grow their businesses in the US. In addition to the non-dilutive capital and up to $100,000 in Google Cloud credits, recipients also receive:
- Mentorship from Googlers
- Other resources such as sales training, investor prep
- Mental health coaching and more at no cost
“In 2020, we launched our first Google for Startups Black Founders Fund to help Black tech entrepreneurs overcome the disproportionate hurdles they face when raising capital,” said [Lisa Gevelber, VP of Google for Startups] “Over the past three years, we’ve significantly expanded the scope of our work, expanding our Black Founders Fund to Europe, Africa and Brazil, and to Latino founders in the US. We’ve now provided $45M in cash awards and to 547 promising entrepreneurs through our Black and Latino Founders Funds. We are excited to welcome a new group of diverse founders who are using technology to solve some of society’s biggest problems.”
Final Word
The total contribution from Google for Startups in the state of Georgia since 2020 amounts to nearly $5M invested across more than 60 startups, including many movers and shakers in Atlanta.
Atlanta is one of the top cities when it comes to businesses owned by black women. Georgia’s capital city also has become a thriving tech mecca with some of the top tech companies headquartered here.
