Pharrell Williams's Black Ambition announces two prize competitions

Black Ambition provides a pathway to success for Black and Latinx entrepreneurs who are launching start-ups. Created by Pharrell Williams, Black Ambition is committed to leveling the playing field and fostering the ingenuity, determination, and resilience of these underrepresented entrepreneurs. As part of our launch, we are announcing two prize competitions – The Black Ambition HBCU Prize and The Black Ambition Prize – which culminate in one major national event. 

The Black Ambition HBCU Prize will offer prizes and mentorship for current and former students at HBCUs as they develop seed or early-stage ideas and launch companies. The grand prize winner will receive up to a $250,000 prize while at least 9 additional teams will receive smaller prizes. 

View this post on Instagram

A post shared by adidas Originals (@adidasoriginals)

The Black Ambition Prize will find, support, and seed early-stage companies. Ventures must have at least one founder or co-founder that identifies as Black/African/African American and/or Hispanic/Latino/a/Latinx. The grand prize winner will receive up to $1 million prize while at least 9 additional teams will receive smaller prizes.

In addition to financial awards, the entrepreneurs will receive mentorship and feedback as well as access to peer networks and expert connections. All screened applicants will receive access to online resources, information about business resources, and high-level feedback. 

Black Ambition’s long-term vision is for inclusive entrepreneurship to be the new normal.