Applications for the 2024 Black Ambition Prize Competition are now open.
If only you had the right guidance,
If only you had the right capital,
If only you had the shot.
Today, we remove “if” from the equation.
Today, we embrace the fact that you are ready, you are qualified, you are Black Ambition at its finest.
And we want to see it, right now.
Not after your business has made its first five figures (or even it’s first five dollars).
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:
- AI
- HEALTHCARE
- ENTERTAINMENT
- CONSUMER PRODUCTS AND SERVICES
- TECHNOLOGY
Funding:
You must apply as a team (with a minimum of two members).
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. Up to 250 semi-finalists will be selected, with one grand prize winner receiving $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
ELIGIBILITY for The 2024 Black Ambition Prize Competition:
- 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.
