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Annual Black Entrepreneurship Grant

Funded by
user profile avatar
The Impact Fund
$2,000
1 winner$2,000
Awarded
Next Application Deadline
Dec 1, 2020
Next Winners Announced
Jan 15, 2021
Education Level
Undergraduate, Graduate
3
Contributions
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.

While entrepreneurship is one of the most impactful ways to move communities and the country forward, the pipeline of funded entrepreneurs does not reflect the diversity of our country.

And since the focus of funded start-ups tends to reflect the experience of their founders, lack of representation means blindspots in innovation. Critical, solvable problems go unaddressed. Concurrently, funding often flows in favor of ideas for businesses in saturated markets with less potential for impact and scale.

Solving this problem will take deep dedication across the start-up, tech, and venture capital world. 

As one small part of this, the Annual Black Entrepreneurship Grant will be awarded each year to a Black undergraduate or graduate school entrepreneur who is currently building or who aspires to build a new business.

Current or aspiring Black 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 support would have for them.

Selection Criteria:
Impact, Pragmatism, Curiosity, Drive
Scholarships for Black StudentsGraduate School ScholarshipsScholarships for MinoritiesUndergraduate ScholarshipsEssay ScholarshipsBusiness ScholarshipsEntrepreneur ScholarshipsScholarships for Black Women
Published June 6, 2020
$2,000
1 winner$2,000
Awarded
Next Application Deadline
Dec 1, 2020
Next Winners Announced
Jan 15, 2021
Education Level
Undergraduate, Graduate
3
Contributions
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

January 2021

Winners
Mazey Copeland
Mt Hood Community College
Vancouver, WA
Finalists
Andrew Okosun
University of Nevada-Reno
Reno, NV
Jasmine Amoako-Agyei
Arizona State University-Tempe
Phoenix, AZ
Blair Jones
Georgia State University
Norcross, GA
Alyce Keys
The University of Texas at Austin
Killeen, TX
Justin Negash
University of Southern California
Chicago, IL
Rachael Cowan
Florida International University
Pembroke Pines, FL

Winning Application

Mazey Copeland
Mt Hood Community CollegeVancouver, WA
Five years ago, I saw through the viewfinder of a video camera for the first time. Class projects soon became film festival entries, and I found myself giving a script to my actors, a shooting schedule to my crew, and holding a camera in my hands. Hello, my name is Mazey Copeland. I'm a 19-year-old Video student at Mt. Hood Community College and I'm developing my own production company. Ideas and stories exist in the minds of hundreds of thousands of people. Many don't have the funds to support their ideas, the camera to record their film, and the agent to advertise it. As I work towards my degree, I've learned that even those who have these privileges lose control of their projects once they are distributed. Black actors have been taken off of posters to make the films more "marketable", and scripts are bought and put on shelves to erase competition. Many do not have the resources to pursue this career path, and when they do, it's rarely on their terms. This brought me to start developing my own production company. Gathering a lot of inspiration from companies like Corridor Digital, the main purpose is to be able to develop films and projects separate from Hollywood and large-scale funding. This provides independence for individuals and gives them more ownership over their creative ideas. From then on, I want to encourage others and give them the resources to start their own production company as well, all to help break down the high barrier to entry in the film industry. As we are in the very beginning stages, MarcieProductions is focusing on social media advertising and local small-business spotlights. We've developed three small budgeted short films, and have several clients in our local area we regularly create video content for. We are currently in the planning phase to create scheduled content for our social media pages. We are working on another short film with a larger budget in the next couple of months, and a gaming documentary with access to materials from influential gaming companies. Once we garner more of a following and reach our revenue goals, we are hoping to begin pre-production for a feature-length motion picture, we have been developing and begin the festival screening process. One of the setbacks I have had in developing this company is student debt. While investing in materials and equipment for my company at this stage in development is crucial, I have to allocate my earnings towards living expenses and tuition, as my loans do not cover the entirety of my education. When I'm not creating budget sheets, scheduling clients, and going to school full-time, I'm editing for my own personal clients to cover these residual costs so that I can continue my education. Receiving this grant would not only aid in covering my tuition expenses, it would also allow me to allocate more of my time and earnings towards my company's development. The film industry incredibly risky to enter, with few large production companies developing the vast amount of media we consume. I aspire to be able to provide what this grant could provide for me, opportunities for talented and underprivileged filmmakers to tell their stories. With the development of my company, I aim to level these high barriers and put the control back in the hands of the skilled and talented, rather than the opportune.

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FAQ

When is the scholarship application deadline?

The application deadline is Dec 1, 2020. Winners will be announced on Jan 15, 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 Jan 15, 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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