Five Chicago startups selected for Google for startups Latino Founders Fund

Local entrepreneurs receive $100K each as part of the $5M Latino Founders Fund, focused on high potential startups founded by Latino entrepreneurs based in the U.S. In the photo, Rick Regalado (left) and Osvaldo Montelongo, two  Negocios Now’s Latinos 40 under 40.

 Chicago — (HINA Wire) – Google today announced the 50 recipients who have been selected for the first Google for Startups Latino Founders Fund, which provides promising Latino-led startups non-equity cash awards to help fuel their businesses. 

Five Illinois-based founders are among the recipients, amounting to $500,000 invested in Chicago startups. The goal of this fund is to increase economic opportunity for promising Latino startup founders in the US, who receive a disproportionately low percentage of investment.

Read the full article on: Negocios Now