Source: Entertainment interviews
NEW YORK
Nonprofit organization Black Ambition has announced that applications are now open for the 2025 Black Ambition Prize Competition. Founded by Pharrell Williams in 2020, Black Ambition provides funding, mentorship, and resources to underrepresented entrepreneurs.
This year’s competition will award more than $1 million to up to 25 selected applicants. The competition is open to early-stage entrepreneurs in consumer products and services, healthcare, media and entertainment, technology, and artificial intelligence. Selected participants will enter a 12-week mentorship program, gaining access to business development support, industry leaders, and networking opportunities. The program will culminate in Black Ambition’s 5th Annual Demo Day in November, where finalists will compete for funding.
“Black Ambition’s fifth anniversary is more than a milestone—it’s proof of what happens when vision, resilience, and community come together. It’s a testament to what’s possible when we invest in each other. What started as a mission to close the wealth and opportunity gap has grown into a global movement, proving that underrepresented founders don’t just belong in the room—they are redefining the game,” said Felecia Hatcher, CEO of Black Ambition.
Finalists will be selected through a multi-stage process, beginning with 150-200 semifinalists who will participate in a three-month mentorship program. The top 40 founders will move on to a public voting round and pitch training, with 20 finalists receiving funding and additional pitch coaching.
“Five years ago, Black Ambition was an idea. Today, it’s a force. A catalyst for change. A platform where underrepresented entrepreneurs don’t just get a seat at the table—they build new tables, positioning themselves for uninterrupted success. When we invest in diverse talent, we unlock limitless potential. But this is just the beginning. Let’s keep building, keep breaking barriers, and keep rewriting the rules. I can’t wait to see what we do in the next five years,” said Pharrell Williams, Founder of Black Ambition.