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.