Pharrell Williams Kicks Off Black Ambition Prize for 2023


| LAST UPDATE 03/05/2023

By Bernadette Forster
Pharrell Williams Black Ambition Prize
Axelle/Bauer-Griffin / Contributor via Getty Images

Pharrell Williams is back with the third iteration of his Black Ambition Prize -and applications are open now! Pharrell's initiative aims to close the opportunity and wealth gap by empowering Black & Hispanic entrepreneurs. And even though he himself is already a big shot in fashion, he's still committed to helping others succeed. Plus, he's got some high-profile names backing him up...

The Black Ambition Prize provides mentorship, resources, connections, and up to $3 million for entrepreneurs across multiple industries. That's a lot of dough! But it's not just about the money. Winners also get bi-weekly office hours with leaders in their respective fields so they can learn from the best of the best. And tbh, that kind of access is priceless. "We've accomplished so much in such a short time, and it's been amazing to see our impact so far. Every year just gets better," said Williams of the initiative's success so far.

poc entrepreneurs Pharrell Williams
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"It's not just about creating space for our Black, Hispanic and HBCU entrepreneurs, it's about equity, it's about giving them the tools, resources, and hands-on mentorship to excel uninterrupted," he added. "I am constantly blown away by the ideas and businesses that our applicants have developed and created," he added. The Black Ambition Prize is designed to recognize those who own or co-own a business in one of five industries: consumer products and services, media and entertainment, healthcare, technology, or Web 3.0. These industries are at the forefront of innovation and growth, making them ideal areas for entrepreneurs to explore. Applicants are required to provide detailed information about themselves and their business, including financial projections that judges will use to assess their potential for success.

A major prize is up for grabs that'll give young entrepreneurs an opportunity they can't pass up: exposure like no other. Pharrell's involvement alone is enough to pique anyone's interest, but the fact that Google and Microsoft are also on board takes things to a whole other level. These tech giants have immense influence and reach on social media, which means that the winners will be exposed to a massive audience. With Pharrell, Google, and Microsoft behind it, the sky truly is the limit for those who take home the top prize...

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