The Source |Pharrell Williams’ Black Ambition to Award $2.7 Million to Empower Next-Gen Black & Hispanic Entrepreneurs at 4th Annual Demo Day

Pharrell Williams’ non-profit, Black Ambition, is gearing up to host its highly anticipated 4th Annual Demo Day on Friday, November 15, where the winners of the 2024 Black Ambition Prize Competition will be announced. The event will showcase the top Black and Hispanic-founded startups, awarding over $2.7 million in funding to companies that exemplify innovation and potential in Consumer Products, Healthcare, Media, Technology, and AI. Key sponsors, including Visa, Comcast, Louis Vuitton, and Adidas, support this exciting initiative, which aims to break down barriers and advance diversity in entrepreneurship.This Demo Day marks the culmination of a rigorous nine-month journey for these emerging businesses, with eight finalists vying for a grand prize of $1 million. These promising founders have undergone a 3-month mentorship program, public voting, and pitch training to prepare them for the big stage. Beyond the national competition, Black Ambition’s HBCU Pre-Accelerator also prepared top innovators from Historically Black Colleges and Universities for a chance to join the final cohort and secure awards of up to $250,000.“With mentorship to over 1,000 founders and generating over $265 million in revenue, we’re excited to continue showcasing the next generation of innovative companies,” said Felecia Hatcher, CEO of Black Ambition. “As other...