Cleo Capital, an early-stage venture firm, has announced a cybersecurity accelerator program aimed at addressing the growing epidemic of online threats, as first announced by TechCrunch. The 12-week remote initiative seeks to support pre-seed and seed-stage companies worldwide, offering $250,000 in funding for a 7% equity stake. Applications are open until January 20, with the program starting on February 24. Tackling Cybercrime with Innovation Sarah Kunst, founder and managing partner of Cleo Capital, was inspired to create the program after witnessing the rising tide of fraud in industries like crypto,
Google has unveiled the latest cohort startups selected for its Google for Startups Accelerator: Africa program. The six Black-led South African startups were announced at an event coinciding with this year’s Africa Tech Festival, which was held in Cape Town, South Africa. Google for Startups Accelerator: Africa The three-month hybrid accelerator program supports Seed to Series A technology startups led by at least one Black founder. This opportunity includes ZAR1 million ($50,000) in non-dilutive funding, up to ZAR3.6 million ($200,000) in Google Cloud credits, and access to mentorship and industry networks. By
Bolt Kenya has awarded 10 drivers with KSh 288,000 ($2,200) each in seed funding as part of its first-ever accelerator program. The awards, amounting to a total of €20,000 ($22,400) mark the culmination of a six-month program aimed at creating innovation in Kenya’s mobility sector. A Platform for Innovation The Bolt Accelerator, launched in April 2024, provided drivers with business training, mentorship, and funding to create innovative solutions for transport and delivery services. The program attracted over 800 applications from Bolt drivers and couriers, including ideas for electric vehicle charging
The Migrant Accelerator (TMA), a Germany-based, early-stage startup accelerator for founders with a migration background, including Black, Indigenous, and people of color (BIPOC), has just announced its first cohort of 10 startups. TMA aims to create a softer landing and sense of belonging for BIPOC founders who encounter discrimination on a structural and individual basis. “Migrant founders in Germany are overlooked and underfunded,” said Laila Zohaib, Stuttgart-based startup coach and investor relations manager. “Since the 1960s, migrant led-businesses have served as the backbone of the local German economy and are
The Indianapolis African Quality of Life Initiative (IAAQLI) has pledged to give $300,000 in grant support for Black people in tech. As a result of this funding, tech companies such as TechPoint, InnoPower, and Sagamore Institute are now seeking companies in Indiana to provide apprenticeships in tech to low-income Black adults. The IAAQLI is funded by a $100 Million Lilly Endowment, Inc. grant to build collaborations and partnerships to elevate the quality of life of African Americans in Indianapolis. According to Building Indiana Business, the two-year pilot apprenticeship program is
For Black and Latino entrepreneurs, there’s only one direction to go — forward. This is the message driving Square‘s small business accelerator program for Black and Latino entrepreneurs, FORWARD. The accelerator, launched in partnership with Social Change Fund United (SCFU), 1863 Ventures, and American Express, aims to provide Black and Latino entrepreneurs with the education, mentorship, coaching, and capital needed for their businesses to thrive. Black and Latino Americans are the fastest-growing group of entrepreneurs. In 2022, Black and Latino Americans filed more than 5 million new business applications, more than any other group.
Equitable inclusion platform 1000 Black Voices has partnered with The British Consulate to launch their accelerator program dedicated to helping support the ambitions of Black tech founders. The partnership will be focused on breaking down the obstacles faced by Black tech founders, particularly when scaling and growing their business. The program kicks off on September 21 and will run until the end of this year. “Ultimately, a lack of venture funding has resulted in a challenging environment for marginalized founders to tackle and get their business off the ground,” said 1000 Black
