Pharrell Williams has announced the fourth annual Black Ambition Prize Competition is now open for applications for the 2024 prize cycle. Black Ambition is a non-profit initiative that aims to provide a bridge to success for Black and Latinx entrepreneurs launching tech, design, healthcare, and consumer products services start-ups. The initiative has seen significant success, with Black Ambition entrepreneurs raising over $95 million and generating more than $23 million in revenue.
The goal of Black Ambition is to empower underrepresented founders and bridge the racial wealth gap. The 2024 prize eligibility verticals include technology, healthcare, consumer products and services, media and entertainment, and a new addition, Artificial Intelligence. Up to 250 semi-finalists will be selected to participate in a 3-month mentorship program, with one exceptional winner receiving a $1,000,000 prize.
