Google for Entrepreneurs Exchange: Black Founders Program 2018
Deadline: August 8, 2018
Applications are open for the Google for Entrepreneurs Exchange Program 2018. The Google for Entrepreneurs Exchange: Black Founders is a week-long immersion program focused on addressing the funding gap for startups led by Black founders.
Established in 2016, this program displays how American Underground and Google for Entrepreneurs strive to move the needle on diversity by addressing the key components to building a successful business: mentorship, training, and access to capital.
Throughout the course of this week, you will:
Learn how VC’s evaluate your value proposition
Learn how to lead a board meeting
Learn the secrets of Angel Investing
Receive pitch coaching on how to communicate your value proposition
Hear from Google for Entrepreneurs Exchange alumni about the fundraising process
Mentorship: Each team is paired with a mentor from the North Carolina high-tech corridor (Raleigh, Durham, Chapel Hill) to receive one-on-one time with business and innovation experts. Mentors from Google will also join the program to provide support and product expertise
Training: Skilled tech and business experts are provided to prepare companies for angel/seed funding (less than $750K) and to share knowledge unique to challenges Black founders face
Access to Capital: The week culminates in a Demo Day. The winning company receives a trip to The Bay Area with strategic introductions to potential investors. Each year, over half of the participants receive capital on demo day and every participant recommends the program to fellow founders.
Applying companies must:
Focus on Software, Consumer Product, Big Data, Analytics, and Internet of Things
Have a prototype or Minimum Viable Product
Have conducted customer interviews or have beta/paying customers
Must be raising or preparing to raise a seed round
Participating founder must be an original founding member of the company
Preference given for revenue generating startups