March 15, 2023
2022 Black Ambition Prize Winners at Demo Day. PRNewsFoto.
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Black Ambition is a non-profit initiative founded by Pharrell Williams that aims to close the opportunity and wealth gap by empowering Black & Hispanic entrepreneurs. In 2022, adverse market conditions led to a 45% decrease in financing for Black Entrepreneurs. Black Ambition is leveling the playing field by creating the relationships and conditions for Black and Hispanic founders to excel, uninterrupted. Its annual Black Ambition Prize Competition provides mentorship, resources, connections, and up to $3 million dollars in Prize awards to founders innovating in consumer products and services, media and entertainment, healthcare, technology, and Web 3.0 industries. Applications for the third annual Black Ambition Prize competition will close on May 8