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African-American Entrepreneurs Grant — Male Award

Funded by
user profile avatar
Mechanism Ventures
$1,000
1 winner$1,000
Awarded
Application Deadline
Feb 11, 2021
Winners Announced
Mar 11, 2021
Education Level
Undergraduate, Graduate
Share
Eligibility Requirements
Ethnicity:
African American
Ethnicity:
African American

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.

From small businesses to venture-scale companies, 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 - Male Award will be awarded to a male 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.

Selection Criteria:
Impact, Drive, Business Plan
Scholarships for Black StudentsGraduate School ScholarshipsScholarships for MinoritiesHigh School ScholarshipsUndergraduate ScholarshipsEssay ScholarshipsBusiness ScholarshipsCollege Students ScholarshipsEntrepreneur Scholarships
Published June 11, 2020
$1,000
1 winner$1,000
Awarded
Application Deadline
Feb 11, 2021
Winners Announced
Mar 11, 2021
Education Level
Undergraduate, Graduate
Share
Essay Topic

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?

500–1000 words

Winners and Finalists

March 2021

Winners
iyaji adoga
Century College
Woodbury, MN
Finalists
Izunna Okpala
University of Cincinnati-Main Campus
Cincinnati, OH
Anthony Moore
Kishwaukee College
Evergreen Park, IL
Caesar Fountain
Clarion University of Pennsylvania
Philadelphia, PA
Randall Leath
Florida Agricultural and Mechanical University
Cary, NC
John Jessamy
Rensselaer Polytechnic Institute
Springdale, MD
Damari Hughes
Kenwood Academy High School
Chicago, IL
Roger Fox
Rutgers University-New Brunswick
Middlesex, NJ
David Hulett
Howard University
Houston, TX

Winning Application

iyaji adoga
Century CollegeWoodbury, MN
Remember the days when you were a kid when you wanted to become a big YouTuber or social media sensation, but people always told you it's unrealistic? Me too. Ever since I was ten years old, I loved watching people live their dream life, and I was so sold on making it to the "luxurious lifestyle." But of course, like everyone else, big dreams crumbled into pieces. People said things like "School is the only way to become successful" or "you can't live a life like that, it's not possible…" or the worst one was "you have to be realistic." Surprisingly all these negative phrases uplifted me to keep envisioning the life I want to live, and I knew I could make it. When I was 15, I was diagnosed with an anxiety disorder. This discovery affected how I approached every aspect of my life, from school, work, sports, family, and relationships. When I turned 16, I was introduced to my first love, the gym. The gym became my sacred place; however, I didn't realize my passion for health and wellness until my senior year of high school. Like many other teens, my biggest insecurity was my body, and even though I was working out a lot, I still felt helpless. I wanted someone to show me all the correct ways to transform my body and mindset, but no one was available. One day, I decided to DM one of my favorite fitness influencers on Instagram, and I wrote a whole paragraph on why he should help me reach my goals. But of course, he didn't respond. So I shook it off and messaged 10-20 other influencers. Again, no response. I became extremely frustrated that I was alone, and no one wanted to teach me how to reach my goals. Fast forward to my senior year of high school, after years of running on low energy, feeling purposeless and lost, my friend asked me an eye-opening question: "Hey iyaji, have you ever thought of becoming a fitness influencer yourself?" of course, I made a million excuses of why I shouldn't do it, but then I asked myself one night while I laid in bed in tears.. What do I have to lose? I responded with silence. So later that week, I created a plan that would propel me to take massive action on becoming the next most prominent social media influencer. For the next three months, I created a fitness page where I posted daily workouts and valuable motivation for men and women. I started falling in love with creating content for others. After three months of consistently posting valuable fitness content, I went from 1,500 followers to 20,000. But then I asked myself why to stop here? I decided to start an online coaching business. I also created a website where I have cheap affordable training programs for various goals. Although I'm not making a lot of money, I convinced myself that it's not about the money. It's about the value I bring to people daily through my content. Motivate, inspire, and create a movement that will shift people's lives. That's my goal so far, and I'm proud to say that it's working. Waking up to messages about how I changed someone's life or helping them become the better version of themselves is the biggest blessing I could imagine. I never thought I could achieve what I've done at 18 years old, but this is just the beginning. Hard work and consistency placed me in the position I'm in today, and It wouldn't be possible without my close friends, family, and god. There's more to it than just the business aspect of what I'm doing; it's the mindset. Once I started placing my focus around others and not myself, my life changed for the better. So what's next for me? To help people achieve their dream body and inspire the youth to go after their dreams! Some so many people are going through the same problems I went through, and I'm confident enough to say that I'm that voice for the lost. Seeing that I'm making an impact is my biggest motivation, so I will continue to bring value to the world and soon open up my very own health club, clothing line, and much more! It's not about me anymore, and that's why I love what I do.

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FAQ

When is the scholarship application deadline?

The application deadline is Feb 11, 2021. Winners will be announced on Mar 11, 2021.

How will scholarship application information be used?

Your privacy is a top priority on the Bold.org platform, and you can find our privacy policy in full here. You may opt out of communications from Bold.org at any time, and unless we’ve first notified you and gotten your consent, you’ll never receive communication from any third parties related to personal information you give us.

What is the scholarship award?

Award amounts per winner are designated by the donor. Check the award amount for a detailed breakdown.

When will the scholarship winner be chosen? How will they be notified?

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.

How will the scholarship award be paid?

Award checks will be sent to the financial aid office of the winner's academic institution in their name to be applied to their tuition, and in the name of their institution (depending on the school's requirements). If the award is for a qualified educational non-tuition expense, we will work with the winner directly to distribute the award and make sure it goes towards qualified expenses.

How will my scholarship application be verified?

Before we award the scholarship, the winner will be required to confirm their academic enrollment status. Depending on the circumstances, verification of Student ID and/or their most recent transcript will be required.

How should I get in touch with questions?

If you have any questions about this scholarship or the Bold.org platform, just email contact@bold.org and we’ll get back to you as quickly as we can.

Does the scholarship have terms and conditions?

Yes. The terms and conditions for this scholarship can be found here.

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