Annual Black Entrepreneurship Grant

Funded by
The Impact Fund
Learn more about the Donor
$2,000
1 winner every year
Open
Next Application Deadline
Dec 1, 2020
Next Winners Announced
Dec 31, 2020
Education Level
Undergraduate, Graduate
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.

Diversity and Inclusion
Selection Criteria:
Impact, Pragmatism, Curiosity, Drive
$2,000
1 winner every year
Open
Next Application Deadline
Dec 1, 2020
Next Winners Announced
Dec 31, 2020
Education Level
Undergraduate, Graduate

Scholarship application essay

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

FAQ