Google Hustle Academy SME Fund (75 Million equity-free fund) 2023: (Deadline 12 October, 2023)

Small businesses form the backbone of Nigeria’s economy, yet they consistently grapple with challenges, notably the perennial obstacle of securing vital funding. According to the World Bank, African SMBs face a staggering financial gap of $330 billion. Additionally, only 25 percent of SMBs in Africa have access to bank loans, a percentage that sharply contrasts the 50% observed in developed economies.

This initiative, offering five to 15 Nigerian small business owners, cements Google’s unwavering commitment to cultivating entrepreneurial growth in Nigeria.

Google’s Hustle Academy, introduced in 2022, provides SMEs with business and management education, mentoring, and networking, with a particular emphasis on preparing them to package their businesses in order to raise the necessary capital to take their businesses to the next level. Since its inception, the program has graduated over 4,000 SMBs in Nigeria, with a notable 74% from the first year reporting marked business growth.

Building on the success and impact of the Hustle Academy initiative, the Hustle Academy Fund earmarks a N75 Million pool exclusively for Nigeria to support 15 investor-ready SMBs through non-dilutive funding. This commitment is further enriched with tailored mentorship, ensuring these businesses are primed for success.

To ensure impactful allocation, the Fund invites applications from visionary, investor-ready SMEs operating within Nigeria, emphasizing businesses that have shown commitment to scalable and sustainable growth.

About Google

Google LLC is an American multinational technology company that specializes in Internet-related services and products, which include online advertising technologies, search engine, cloud computing, software, and hardware. It is considered one of the Big Four technology companies, alongside Amazon, Apple, and Facebook. Google was founded in September 1998 by Larry Page and Sergey Brin while they were Ph.D. students at Stanford University in California. The company’s rapid growth since incorporation has triggered a chain of products, acquisitions, and partnerships beyond Google’s core se..

Google Hustle Academy SME Fund

• Category Entrepreneurs
• Organisation Google
• Country to study–
• School to study–
• Course to study Not specified
• Application Deadline 12 October, 2023

Aim and Benefits of Google Hustle Academy SME Fund

• Hustle Academy Fund earmarks a N75 Million pool exclusively for Nigeria to support 15 investor-ready SMBs through non-dilutive funding.

Requirements for Google Hustle Academy SME Fund Qualification

•  Must be an SME formally registered and operating in Nigeria.
• Business should be between 1-7 years old.
• Businesses must have digital-enabled scalable products or services.
• Be a graduate of the Hustle Academy Program.
• Businesses should employ no more than 15 employees.
• Businesses must have a clear growth plan and the ability to leverage the fund to achieve it.
• Show willingness to engage in mentorship and utilize Google’s suite of tools and platforms.

Application Deadline

October 12, 2023

How to Apply

Interested and qualified? Go to Google on docs.google.com to applyFor more details,visit OFFICIAL LINK