Healthcare company-building profile
Black Ambition Prize and HBCU Pre-Accelerator
Black Ambition (nonprofit founded by Pharrell Williams)
AcceleratorGovernment or nonprofit acceleratorNonprofitActive
Source-based profile
Program at a Glance
- Program type
- Accelerator
- Program category
- Government or nonprofit accelerator
- Organization
- Black Ambition (nonprofit founded by Pharrell Williams)
- Organization type
- Nonprofit
- Location
- Norfolk, Virginia
- Company stage served
- Not publicly documented
- Cohort or participation model
- Annual prize competition cycle with an HBCU Pre-Accelerator track for student and alumni founders
- Investment or funding offered
- Yes
- Published investment terms
- Non-dilutive; prize awards reported up to $1 million, no equity taken
- Equity or fee model
- No equity
- Clinical or hospital connection
- Not publicly documented
- Application status
- Active
- Founded
- 2020
Public description
About the program
Black Ambition is a nonprofit founded by Pharrell Williams that runs an annual prize competition for Black and Latino entrepreneurs, including a dedicated health and wellness track, with awards of up to $1 million. It also launched an HBCU Pre-Accelerator program to prepare student and alumni founders at historically Black colleges and universities to compete. Participants receive mentorship, curriculum and connections to corporate partners.
What the program publicly emphasizes
Focus areas and features
Health and wellnessUnderrepresented foundersHBCU entrepreneursConsumer productsTechnology
- Category: Government or nonprofit accelerator
- Program structure: Annual prize competition cycle with an HBCU Pre-Accelerator track for student and alumni founders
- Published terms: Non-dilutive; prize awards reported up to $1 million, no equity taken
Sources
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