Pharrell Williams’ Black Ambition, his non-profit organization, announced they are now accepting applications for the 2025 Black Ambition Prize Competition.
Established to “close the wealth gaps and strengthen the pipeline of underrepresented founders”, the organization supports underrepresented entrepreneurs with the access to capital, mentorship, and resources necessary “to scale their ventures and transform industries.” More than $1 million in funding is earmarked for up to 25 applicants.
According to the press release, the competition is open to early-stage entrepreneurs in the fields of consumer products & services, healthcare, media and entertainment, technology, and Artificial Intelligence (AI). If chosen, founders will participate in a 12-week transformative journey where they will receive high-level mentorship, support for business development, and access to a large network of investors and industry leaders through the Black Ambitionist Mentorship Program.
In an announcement, Williams shared his excitement about the upcoming competition.
“Five years ago, Black Ambition was an idea. Today, it’s a force. A catalyst for change. A platform where underrepresented entrepreneurs don’t just get a seat at the table—they build new tables, positioning themselves for uninterrupted success when we invest in diverse talent, we unlock limitless potential,” said Williams.
“But this is just the beginning. Let’s keep building, keep breaking barriers, and keep rewriting the rules. I can’t wait to see what we do in the next five years,” he added.
“Black Ambition’s fifth anniversary is more than a milestone—it’s proof of what happens when vision, resilience, and community come together. It’s a testament to what’s possible when we invest in each other,” added Felecia Hatcher, CEO of Black Ambition.”What started as a mission to close the wealth and opportunity gap has grown into a global movement, proving that underrepresented founders don’t just belong in the room—they are redefining the game.”
So far, Black Ambition has awarded approximately $13 million to 131 visionary entrepreneurs since its inception in 2020. Its network raised more than $280 million and is generating more than $265 million in revenue. Last year, Black Ambition awarded approximately $2.7 million to 30 groundbreaking founders.
Applications for the 2025 Black Ambition Prize Competition are now open. For more information and to apply, visit www.blackambitionprize.com.
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