Talent is evenly distributed, but opportunity is not.
Although African-Americans comprise 13.4% of the US population, just 1% of start-ups receiving venture funding have Black founders.
And since women own just 11% of the equity value of start-ups, this issue is even greater for Black female entrepreneurs.
From small businesses to venture-scale, entrepreneurship is an enduring and impactful way that communities move forward, but the funded entrepreneurs in the US do not reflect the diversity of our country.
Solving this problem will take deep dedication throughout the start-up and venture capital world.
As one small part of this, the African-American Entrepreneurs Grant - Female Award will be awarded to a female African-American entrepreneur at any education level who is currently building or who aspires to build a new business.
Current or aspiring African-American entrepreneurs across any field or business stage will be considered.
Winners will be selected on the merit of their business idea, and on the impact that additional financial support will have for them.
This scholarship is part of the Mechanism Ventures Impact Grants Series.
Please tell us a bit about yourself and your business (or business idea). What inspired you to start it? What do you hope it will achieve?
The application deadline is Feb 11, 2021. Winners will be announced on Mar 11, 2021.
The scholarship award is $1,000.
The winner will be publicly announced on Mar 11, 2021. Prior to the announcement date, we may contact finalists with additional questions about their application. We will work with donors to review all applications according to the scholarship criteria. Winners will be chosen based on the merit of their application.
We will send the award check to the financial aid office of the winner’s academic institution or future academic institution in their name, and in the name of their institution (depending on the school’s requirements). If the student's academic institution does not have a financial aid office, the student will receive the funding directly.
Before we award the scholarship, the winner will be required to verify their academic enrollment status by providing a copy of their most recent transcript.
If you have any questions about this scholarship or the Bold.org platform, just email email@example.com and we’ll get back to you as quickly as we can.
Yes. The terms and conditions for this scholarship can be found here.