Black Ambition invites applications for annual prize competition

Black Ambitionis an initiative founded by Pharrell Williams that aims to close the opportunity and wealth gap by empowering Black and Hispanic entrepreneurs.Its annual 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: consumer products and services, health care, media and entertainment, technology, and AI.Eligible ventures will compete for awards between $15,000 and $1 million, and selected applicants will receive capital, coaching, workshops, community, online and in-person events, cohort-based mentorship, exclusive training opportunities with global brands, resources, and marketing opportunities. Teams applying for the Black Ambition Prize must have at least one founder or co-founder who identifies as Black/African/African American and/or Hispanic/Latino/a/. Eligible ventures must have raised no more than $1 million in dilutive funding to date. This competition is for ventures that have shown progress against the venture concept (tested the concept, working prototype, minimum viable product). For complete program guidelines, application instructions, and information about previous prize winners, see the Black Ambition