Pharrell is taking his support of minority-owned businesses to the next level.
He announced Black Ambition, with the goal of being a resource to help close the wealth gap.
“Recent events and tragedies have illustrated the always existent stark divisions in the American experience, and while entrepreneurship has long been a tenet of the American dream, marginalized people have faced long-standing barriers to success,” Pharrell said. “With Black Ambition, the goal is to help strengthen the pipeline of talented entrepreneurs and close the opportunity and wealth gaps derived from limited access to capital and resources.”
Black Ambition announced The Black Ambition Prize to “provide a platform for eligible entrepreneurs to access growth capital, pitch feedback, and mentorship” as it will award up to $1,000,000 in funding to Black or Latin entrepreneurs.
The Black Ambition HBCU Prize “will help to fund high potential ideas with our capital that can spark and support the next generation of successful entrepreneurs.”
To qualify, applicants need to either be a current HBCU undergraduate or graduate student or have attended and/or graduated an HBCU within the last two years.
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