February 25, 2025
‘5 years in the past, Black Ambition was an concept. Right now, it is a pressure.’
Purposes at the moment are open for Pharrell Williams’ 2025 Black Ambition Prize Competition, providing numerous, underrepresented entrepreneurs entry to capital, mentorship, and sources to raise their companies.
Dedicated to breaking down limitations and empowering underrepresented founders, Black Ambition will award over $1 million in funding to as much as 25 candidates.
“5 years in the past, Black Ambition was an concept. Right now, it’s a pressure. A catalyst for change. A platform the place underrepresented entrepreneurs don’t simply get a seat on the desk—they construct new tables, positioning themselves for uninterrupted success…after we spend money on numerous expertise, we unlock limitless potential,” Williams stated in a press launch.
“However that is only the start. Let’s maintain constructing, maintain breaking limitations, and maintain rewriting the foundations. I can’t wait to see what we do within the subsequent 5 years.”
Early-stage entrepreneurs in client services and products, healthcare, media and leisure, expertise, and synthetic intelligence (AI) are invited to use. Chosen members will obtain 12 weeks of mentorship, enterprise improvement help, and entry to a strong community of buyers and business leaders by means of the Black Ambitionist Mentorship Program.
“The street forward is certainly one of better affect, deeper connection, and an unwavering perception that after we uplift one, we uplift all,” stated Felecia Hatcher, CEO of Black Ambition. “To each entrepreneur, each dreamer, and each changemaker—we see you, we have a good time you, and we’re constructing with you. The journey continues, and one fact stays: We obtained us. And we’re simply getting began.”
The competitors begins with 150-200 semifinalists chosen for a three-month mentorship program. From there, the highest 40 founders head to a public voting spherical and pitch coaching, making ready them for the competitors’s ultimate stage.
The highest 20 finalists will obtain funding and get hands-on help with transforming their methods, upgrading their pitches, and positioning their companies for long-term success. Lastly, at Black Ambition’s fifth Annual Demo Day in November, founders may have the possibility to safe as much as $1 million in funding, additional strengthening the ecosystem of proficient, underrepresented entrepreneurs driving significant affect.
Within the final 5 years, Black Ambition has awarded $13 million to 131 visionary entrepreneurs, with its founder community collectively elevating over $280 million and producing greater than $265 million in income. On the 2024 Demo Day, the group granted practically $2.7 million to 30 groundbreaking founders.
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