2024 Black Ambition Prize Competition

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.