From small businesses to venture-scale companies, entrepreneurship is an impactful and enduring way to move communities forward, but the funded entrepreneurs in the US do not reflect the diversity of our country.
Although African Americans make up 13% of the U.S. population, just 1% of start-ups receiving venture funding have Black founders.
The Black Entrepreneurs of Philadelphia Scholarship exists to help create more equal opportunities for Black entrepreneurs in the Philadelphia community.
The scholarship is open to students in any field of study. To apply, you must be a current or aspiring Black entrepreneur who is currently located in or around the Philadelphia area.
In addition to the scholarship award, the winner of the scholarship will also have the opportunity to learn directly from Jordan DiPietro, the creator of the scholarship and an experienced entrepreneur. This 1-year mentorship could include face-to-face meetings, zoom calls, and the potential to hone in, craft, and get direct feedback on your business plans.
Tell us a bit more about your journey with entrepreneurship. What inspired you to be an entrepreneur? What do you hope to achieve? What challenges are you facing?
The application deadline is May 31, 2021. Winners will be announced on Jun 30, 2021.
The scholarship award is $2,800 per winner.
The winner will be publicly announced on Jun 30, 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.
Award checks will be sent to the financial aid office of the winner's academic institution or future 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.
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.
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.