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 impactful and enduring way that communities move forward, but the funded entrepreneurs in the US do not reflect the diversity of our country.
In an effort to work towards a more equitable country, the Mechanism Ventures team is funding 15 grants for Black students and recent graduates across a wide variety of fields where opportunity is not equal.
Thanks to the contributions of our Philadelphia-based team members, the Philadelphia Black Entrepreneurs Grant will be awarded to a Black entrepreneur from Philadelphia at any education level 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 financial support would have for them.
This scholarship is part of the Mechanism Ventures Impact Grants Series.
Please tell us a bit about yourself. What do you hope to achieve with the business you're building (or aspiring to build)? What are you doing to reach those goals?
The application deadline is Jun 11, 2021. Winners will be announced on Jul 11, 2021.
The scholarship award is $1,000.
The winner will be publicly announced on Jul 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 firstname.lastname@example.org and we’ll get back to you as quickly as we can.
Yes. The terms and conditions for this scholarship can be found here.