The Fearless Fund has launched the 2023 Fearless Strivers Grant Contest to invest in women of color led businesses seeking pre-seed, seed level or series A financing.
Donor Name: Fearless Fund
State: All States
County: All Counties
Type of Grant: Grant
Deadline: 08/31/2023
Size of the Grant: $20,000
Details:
Black women-owned businesses are vital to the economy yet receive less than one percent of venture capital funding.
With Mastercard prizing, they’ll be awarding four lucky small businesses across the country with $20,000 grants, digital tools to help them grow their business online, and mentorship so they can continue to bolster their business.
Prize Information
- Each prize winner will receive $20,000 awarded in the form of a check, issued to each prize winners’ registered name of business per the entry form, a 30-minute one-on-one virtual mentorship session with a Mastercard Small Business Mentor and a MastercardÆ Digital Doorsô Toolkit. Approximate retail value (“ARV”) of each prize is $20,000.
- Prize winners are required to comply with any and all applicable federal, state and local laws, and for any other fees or costs associated with the prize she receives.
- Prize winners will be solely responsible for all federal, state and/or local taxes, and for any other fees or costs associated with the prize(s) they receive, regardless of whether they, in whole or in part, are used.
- Prize winners will be required to provide Sponsor with a valid social security number before the prize will be awarded for tax reporting purposes.
Eligibility Criteria
- The Fearless Strivers Grant Contest (“Contest”) is open only to black females who are at the time and date of entry:
- legal U.S. residents (including D.C.);
- eighteen (18) years of age or older (or the age of majority in their state of residence, whichever is older) (which is eighteen (18) in most states, but is nineteen (19) in Alabama and Nebraska, and twenty-one (21) in Mississippi); and
- a principal owner of a U.S.-based small business.
- For the purpose of this Contest, a small business means a business with an annual revenue of three million dollars ($3,000,000) or less in calendar year 2021, who are authorized signing officers at said business, and whose business is physically located in the fifty (50) United States or the District of Columbia and is incorporated or otherwise considered a valid legal entity in good standing in its state of formation as of 2/10/22. For purposes of the Contest, a ‘small business’ can be organized as a sole proprietorship, partnership, corporation, or any other legal entity that employs no more than fifty (50) individuals on a full or part-time basis.
- Officers, directors and employees of Fearless Fund (“Sponsor”), Mastercard International Incorporated (“Mastercard”), teamDigital Promotions, Inc. (“Administrator”) and their respective parent companies, divisions, subsidiaries and affiliates, and each of their respective agents, advertising, promotional and judging agencies of each of the foregoing, and any other entity or persons that develops, produces or distributes materials for or related to this Contest (collectively, the “Released Parties”), and members of the immediate families (defined for these purposes as including spouse, parents, grandparents, children, grandchildren, siblings, and each of their respective spouse) or households (whether legally related or not) of any of the above, are NOT eligible to enter or win this Contest.
- The Contest is void in U.S. territories, including Guam, Puerto Rico and where prohibited by law. Winning a prize is contingent upon fulfilling all requirements set forth herein. Mastercard is not responsible for the promotion, administration or execution of this Contest.
Entry Requirements
All Entries must meet the following criteria, as determined within Sponsor’s final sole discretion:
- Entries that contain or otherwise infringe on any third-party names, trademarks, music, identities, copyrighted or patented material, and/or other material subject to third party rights are prohibited;
- Entries that include any reference to any patents and/or trade secrets of Sponsor or Released Parties and/or its competitors are prohibited;
- Entries that are obscene, offensive, contain any profanities, endorse any form of hate or hate group, or any language or images communicating messages inconsistent with the positive images to which Sponsor and/or Released Parties wishes to associate will be void;
- Entries cannot be sexually explicit or suggestive, unnecessarily violent or derogatory of any ethnic, racial, gender, religious, professional or age group, profane or pornographic, or contain nudity or any materially dangerous activity;
- Entries cannot promote alcohol, illegal drugs, tobacco, firearms/weapons (or the use of any of the foregoing), any activities that may appear unsafe or dangerous, or any particular political agenda or message;
- Entries cannot contain disparaging remarks, defame, misrepresent, invade the publicity, third party rights and/or the privacy rights of Sponsor, Released Parties, their products or any trademarks or other intellectual property they own, other products or companies, or any person, living or deceased;
- No background artwork should appear in the Entries unless it is an original work of the Entrant. Any artwork, murals, etc. that can be seen in Entries must be created solely by the Entrant or Entrant must be the sole owner of all copyright interests therein;
- Entries cannot contain trademarks owned by others, or advertise or promote any brand or product of any kind, or contain any personal identifiable information, such as personal names, email addresses, etc.;
- Entries cannot communicate messages inconsistent with the positive images and/or goodwill to which Released Parties associate; and
- Entries cannot be in violation of any law, statute, regulation, or ordinance. Sponsor reserves the right to void and disqualify any Entry not satisfying these requirements, as determined within Sponsor’s final sole discretion.
For more information, visit Fearless Fund.
