Eligible ventures will compete for awards between $15,000 to $1,000,000. Up to 250 semi-finalists will be
selected, with one grand prize winner receiving $1,000,000. For more information on this funding opportunity, please visit: Black Ambition
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 web 3.0.
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 those applying for the HBCU Track: Eligible teams must have at least one founding team member who is the team lead and an HBCU-affiliated individual (a current student, a recent alum within five years of graduating, or a former student within five years of attending the institution) that identifies as Black / African / African American and / or Hispanic / Latina / Latino / Latinx.
The application will be open for 10 weeks, plenty of time to bring your A-game. Selected semifinalists will participate in a mentorship program to refine their application and advance their business. These teachings will not just serve them in their efforts during this endeavor but through their entire business journey. Prize winners will be announced at the Black Ambition Demo Day in November 2023.
Applications Close
May 8th, 2023