Black Ambition Prize
Black Ambition finds, funds, and fuels the businesses of the future. Most importantly, we believe that the future looks like you. 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
Grant Deadline
2025-05-02
Funding Amount
$1,000,000
Type of Grant
Competitions
Sectors
Fintech, Aerospace, Artificial Intelligence, Arts & Culture, Biotechnology, Clean Tech, Entertainment, Healthcare, Software, Technology, Web 3.0, SaaS, Media, Med Tech, Sports & leisure
Demographics
Black, Visible minority
Incorporation
For Profit
Perks
Mentorship, Networking, Demoday, Coaching, Virtual
Region Restriction
This grant is restricted to whole of United States
Keywords
Age Restriction
This grant is age restricted from 18 to 100
Eligibility and Requirements
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.
Grant Application website
https://blackambitionprize.com/
Contact