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Entrepreneurship Innovation Center

Black Ambition Prize


Are you an entrepreneur with a business concept or early-stage business? The Entrepreneurship Innovation Center is preparing Bowie State students and alumni to participate in Black Ambition Prize, a non-profit initiative founded by Pharrell Williams that funds high-growth startups founded by Black and Latinx entrepreneurs. Ventures have a chance to win up to $250,000, so we hope to see high participation from the Bulldog Community!

By tapping into the vibrant and brilliant HBCU community, Black Ambition will help to fund high potential ideas with our capital that can spark and support the next generation of successful entrepreneurs.


  • Black Ambition HBCU Prize business concept track is for ventures that have not raised any revenue or dilutive funding to date. Eligible ventures will compete for up to $50,000 in funding. 
  • Black Ambition HBCU Prize early business track is for ventures that have raised no more than $1M in dilutive funding to date and shown progress against the venture concept (tested the concept, working prototype, minimum viable product). Eligible ventures will compete for up to $250,000 in funding.

Who Can Participate?

Teams must include at least one current HBCU undergraduate or graduate student (full-time or part-time), one recent alum within 2 years of graduation, or one former student within 2 years of attending the institution who is a member of the founding team. This HBCU-affiliated individual must identify as Black or Latinx.

How to Participate

The Entrepreneurship Innovation Center is preparing BSU students and alumni to apply for this opportunity. 

Sign Up Here 

Important Dates

Application Deadline Date May 8, 2023  9:00pm est