The Black Ambition Prize competition provides a platform for Black and Hispanic founders across the nation to access growth capital, coaching, and a curated community of innovators and mentors.
Donor Name: Black Ambition
State: All States
County: All Counties
Type of Grant: Awards and Prizes
Deadline: 05/06/2024
Size of the Grant: $500,000 to $1 million
Grant Duration: Grant Duration Not Mentioned
Details:
Eligible applicants consist of Black and Hispanic innovators building early-stage ventures across five distinct categories.
- Consumer Products and Services
- Healthcare
- Media and Entertainment
- Technology
- AI
Program Features
- Cohort-based programming designed for HBCU students & alumni
- Mentoring from technical experts & experienced entrepreneurs.
- Demo Day with real investors and startup champions.
- Investments of up to $100,000.
Funding Information
Eligible ventures will compete for awards between $15,000 to $1,000,000.
Select applicants will receive the following support services:
- Capital
- Coaching
- Pitch, Wellness, and Leadership workshops
- Community
- Online and in-person events and funder introductions
- Cohort-based Mentorship
- Exclusive Training Opportunities with Global Brands
- Resources – Supports valued at more than $20k through partners
- Marketing Opportunities.
Eligibility Criteria
Black ambition prize recipients must meet the following eligibility requirements:
- Be a for-profit venture in the fields of consumer products and services, healthcare, media and entertainment, technology, and / or AI.
- Are already, or intend to be, legally incorporated in the U.S.
- Have demonstrated progress against a business concept as illustrated by a minimum viable product and/or existing consumer base.
- Have raised less than $1M in dilutive funding at the time of applying for the award.
- All team members must be at least eighteen (18) years of age
- Eligible teams must include at least one founding member that identifies as Black/African/African American and/or Hispanic/Latino/Latina/Latinx. A founding member is a team member having the title of CEO, Vice President or other C-level role (e.g., the CEO or an executive-level direct report to the CEO).
- Each team must have a minimum of two team members. A team member is defined as an individual playing a critical role for the venture (e.g., employee, essential contracted support) with responsibilities for specific work streams or deliverables for the venture.
- The lead of the venture (defined as the CEO or President, or most senior role on the founding team) must be a legal U.S. resident and based in the U.S.
For more information, visit Black Ambition.
