Pharrell Williams Is Backing A New Initiative Focusing On Ambitious Black & LatinX Creators

Pharrell Williams has officially announced the beginning of a new nonprofit organization called Black Ambition: “dedicated to Black and Latinx entrepreneurs who are launching tech, design, healthcare, and consumer products/services start-ups.”

The initiative also includes two competitions with generous prizes: The Black Ambition HBCU Prize focuses on current and former students at HBCU’s so they can create “seed and early-stage ideas and launch companies in tech, design, healthcare, and consumer products and services.”

The Black Ambition Prize will “find, support, and seed early-stage companies in tech, design, healthcare, and consumer products and services and ventures must have at least one founder or co-founder that identifies as Black/African/African American and/or Hispanic/Latino/a/Latinx.”

Williams Released a statement about the endeavor, saying:

“Recent events and tragedies have illustrated the always existent stark divisions in the American experience, and while entrepreneurship has long been a tenet of the American dream, marginalized people have faced long-standing barriers to success. With Black Ambition, the goal is to help strengthen the pipeline of talented entrepreneurs and close the opportunity and wealth gaps derived from limited access to capital and resources.”

Source:
TheRoot