ATLANTA, Georgia — Google announced it will donate $2.35 million to Black-owned, Atlanta-based tech companies, BET reported.
“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,” said Jewel Burks Solomon, Head of Google for Startups in the US.
The donation is a part of a larger initiative launched by Google called the Black Founders Fund. Through the $5 million fund, the Google for Startups Program will provide grants between $50,000 and $100,000 to businesses launched by Black founders.
“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.”
Nearly half of the Black Founders Fund recipients are from Atlanta. Amongst the businesses that received investments include Pharaoh’s Conclave, a company that empowers youth to step into the eSports industry, a debt reduction platform dubbed Qoins, and a company called Brown Toy Box which creates educational products where Black children can see themselves reflected
How awesome! Google announced the funding earlier this week, and the money is part of an overall $5 million the company is giving to 76 black tech businesses across the nation. https://t.co/1xoQsQiF1n
— AJC (@ajc) October 11, 2020