2024 Black Ambition Prize Competition

Award AMOUNT (UP TO):

$1,000,000

DETAILS:

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. 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

WHY APPLY?
Because it’s time to even the playing field. There’s not just space for more Black and Hispanic leaders in these industries, there’s an overwhelming necessity. Your ideas and innovation, combined with the right support, will tip the scales in a way that permanently changes the landscape in these arenas. We know that building bold ideas and innovative companies requires collaboration and support.

Eligible ventures will compete for awards between $15,000 to $1,000,000.

Select applicants will receive the following support services:

- Capital
- Prize award of $15k-$1M
- 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

Teams applying for the Black Ambition Prize must have at least one founder or co-founder who identifies as Black/African/African American and/or Hispanic/Latino/a/. A member of the founding team is defined as having a VP or C-Suite level role. Eligible ventures must have raised no more than $1M in dilutive funding to date. This competition is for ventures that have shown progress against the venture concept (tested the concept, working prototype, minimum viable product).

ELIGIBILITY:

  • 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.

DEADLINE:

  • 5/6/2024

General, Minority-OwnedKelsey Curfman