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Uninterrupted Ambition,
Unmatched Impact

Celebrating Underrepresented Founders Globally

2024 Black Ambition Impact Report

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“With Black Ambition, the goal is to help strengthen the pipeline of talented entrepreneurs…
Pharrell Williams
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…and close the opportunity and wealth gaps derived from limited access to capital and resources.”
Founder of Black Ambition
Prize Winners
2024
Black Ambition Prize
Reddrop is a FemTech Co that empowers girls from within so that they can grow into powerful women. From the first period to the last, we celebrate womanhood with products that fit their bodies, a distribution model that removes the stigma, and a social network that grows the girl.
2024
Black Ambition Prize
GRIND is a consumer brand developing the world’s first smart ecosystem of sports equipment products – and they started with portable basketball rebounding machine. They aim to revolutionize the world of sports equipment, much like Nest has transformed the connected home. By leveraging cutting-edge technology, we create seamless and intuitive product experiences that blur the lines between hardware and software. Their focus is on developing sports equipment that can seamlessly connect to software, enhancing athletic performance, and pushing athletes to achieve their peak potential.
2024
HBCU Prize
Forefront is the 1st content & creator marketplace for the culture. We make it easy for Black/POC brands to partner with social media influencers who produce content that connects with culture & converts to sales. We help Black brands stay at the Forefront of consumers’ minds by leveraging influencers that promote their products to millions online in exchange for gifted products and paid partnerships.

Our Manifesto

BLACK AMBITION is a set of Prizes to fund bold ideas and companies led by Black and Hispanic entrepreneurs.
BLACK AMBITION is reducing barriers to capital and bridging the wealth gap through entrepreneurship.
BLACK AMBITION provides applicants with resources and access to a network of business leaders.
BLACK AMBITION joins the wave of efforts to open opportunity for Black and Hispanic founders.
BLACK AMBITION, these are united stakes.
Entrepreneurship

Among founders of VC-backed companies, only 3% are Black or Hispanic.

Ownership

Black and Hispanic people make up ~30% of the U.S. population, but only ~20% of its entrepreneurs.

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Economy

If Black and Hispanic people were supported to succeed as entrepreneurs at the same rate as white people, the United States could add 1.1M new businesses and 9M new jobs to the economy.

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“With Black Ambition, the goal is to help strengthen…
Pharrell Williams is continuing his dive into philanthropy…
Pharrell Williams has announced Black Ambition,…
“We need a voice. We have the smallest slice of the…
The organization offers mentorship, pitch feedback…
Over the course of his three decades in the music…
Producer and rapper Pharrell Williams is coupling…
Pharrell does it all, including offering much-needed…
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