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 Elevate Black Entrepreneurs Scholarship will be awarded 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.
Please tell us about your story, your business (or business idea), and your goals. How did you become interested in entrepreneurship? What inspired you to pursue your business idea? What do you hope to achieve?
The application deadline is Jul 1, 2021. Winners will be announced on Jul 31, 2021.
The scholarship award is $1,000. It will be awarded to 1 winner every 6 months.
The winner will be publicly announced on Jul 31, 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 winner’s academic institution in their name, and in the name of their institution (depending on the school’s requirements).
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.