Note

March 28, 20 - 5:04 pm - LABS

Google will spend over $800 million to support small businesses, health organizations, and researchers

On Friday, Google‘s CEO Sundar Pichai announced a new $800+ million commitment to support small and medium-sized businesses, health organizations and governments, in addition to health workers on the frontline of COVID-19 pandemic disease.

Among the measures included in this commitment by the technological giant are:

  • $250 million in ad grants to help the World Health Organization (WHO) and more than 100 government agencies globally provide critical information on how to prevent the spread of COVID-19;
  • A $200 million investment fund that will support NGOs and financial institutions to help provide small businesses with access to capital;
  • $340 million in Google Ads credits available to all SMBs with active accounts over the past year;
  • A pool of $20 million in Google Cloud credits for academic institutions and researchers to leverage computing capabilities and infrastructure as they study potential therapies and vaccines, track critical data, and identify new ways to combat COVID-19.
Google’s chief executive officer, Sundar Pichai. Photo: Google.