Brewing company will finance projects of Latino and African-American entrepreneurs

The Heineken USA brewing company and the Black Ambition Foundation will present an award to African-American and Latino entrepreneurs.

The call for Black Ambition 2022 was launched on March 7 and closes on May 8. It is an initiative that aims to reduce the barriers faced by African-American and Latino entrepreneurs in the United States. Participants compete for a prize of more than 2 million dollars to boost their entrepreneurship.

The Black Ambition Prize will award two prizes aimed at the African-American and Latino community, and another for students or graduates of a Historically Black Colleges and Universities (HBCU). The award seeks to give students and recent graduates access to capital growth, pitch feedback, and mentoring.

Foto: blackambitionprize.com

The innovations and projects have been divided into five categories:

  • Consumer products and services
  • Medical care
  • entertainments
  • Tecnology
  • Web 3.0.

Los equipos deben estar conformados por al menos dos personas que vivan en Estados Unidos, y no hay un límite para el número de integrantes. De esta forma, equipos seleccionados participarán por premios desde 25 mil a 1 millón de dólares.

Some of the eligibility criteria are as follows:

  • The project is designed for legal implementation in the United States,
  • The project has shown progress, is a viable product, or has a consumer base.
  • It has raised less than 1 million dollars for the development of the project.
  • That at least one founding member of the project identifies as Black/African/African American and/or Hispanic/Latino.
  • In the case of the award addressed to the HBCEU, this member must be a student, graduated, from an educational institution affiliated with the HBCU.

In the following link you will find complete information about this award and how to apply: https://platform.younoodle.com/competition/the_black_ambition_prize_2022

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