Google has selected 30 startups to receive a share of its $2M Black Founders Fund in Europe, providing these companies with a spot of cash, some valuable cloud services, and a bit of good old-fashioned networking among the Google crew.
The fund was announced last fall as part of a company-wide effort towards “building a more equitable future for everyone,” alongside grants and new sponsorships. Over 800 companies applied and Google interviewed 100 of them, ultimately winnowing that down to the 30 announced today.
Each company will receive “up to” $100K in non-dilutive funding, and up to $120K in Ads grants and $100K in Cloud credits. (I’ve asked Google for more details on how the fund was divided, and if any company received this full amount. I’ll update if I hear back.)
They’ll also get access to Google’s entrepreneurial network, tech support, and some other assets that…