The OFN CDFI Technology Grant Program supported by Google.org provided $11 million to support 55 OFN member CDFIs across the country.
Google.org is also providing select CDFIs with pro bono coaches from Google.org to help accelerate their tech innovation projects and ultimately bring their projects to life. Additionally, all OFN program awardees have the opportunity to participate in Google-led workshops to help them build capacity across a range of areas, including user experience design, product management, and more.
The program was supported by a competitive awards process available to OFN members focused on small business lending. The program offered two award types:
- Smaller grants, ranging from $75,000-$100,000, are geared to smaller or mid-sized CDFIs.
- Larger grants, ranging from $250,000-$750,000, aim to help support larger technology innovations.
With support from…