THE DEEPER BET

Uninterrupted Ambition,
Unmatched Impact

Celebrating Underrepresented Founders Globally

2024 Black Ambition Impact Report

Congratulations 2025 Finalists

2025 Prize
Competition

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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
2025
National Track
UfarmX is an AI-powered agri-fintech platform that helps farmers access collateral-free credit, quality inputs, and reliable markets. We license our patented credit-scoring technology to banks, cooperatives, and agribusinesses, enabling them to digitize and scale rural lending through a plug-and-play API. With over 7,000 farmers onboarded and $3.5M+ in GMV, we’re building the financial infrastructure to unlock inclusive, profitable agriculture.
2025
National Track
SULA LABS is a B2B beauty innovation engine that closes inclusivity gaps in beauty product development by creating & clinically testing skincare products for beauty brands that focus on melanin-rich consumers and those with textured hair. We believe that the future of inclusive beauty is R&D-led.
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
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.
2023
HBCU Prize
Monocle is a social reading platform that merges the joy of reading with the power of community. By reading on our iOS or Andriod app you can share notes directly within your e-book or discover perspectives from others, presenting opportunities for human connection without putting down the book. We seek to enrich the reading journey for all by establishing a connected and informed global community of learners.
2023
Black Ambition Prize
“Upon a child’s diagnosis with a disability, the process of crafting federally safeguarded Individualized Education Plans (IEPs) in educational institutions becomes necessary to assess their academic and therapeutic requirements. Expert IEP is a parent-facing app that optimizes existing IEP’s with predictive AI. We empower parents of students who think and learn differently to navigate the special education process, advocate for their children, and secure the education bag.”
2022
HBCU Prize
THE MOVE is an app for college students that lets them see all of the events happening around their school. It also has special features that help students stay safe when going out and to help them network with their peers.
2022
Black Ambition Prize
Pound Cake is a underrepresented-owned cosmetics company revolutionizing the way color is made for darker skin. With our proprietary Tone VariantTechnology™, we launched the first-ever line of red lipsticks for different lip tones.
2021
Black Ambition HBCU Early Business Prize
Black-owned pre-stretched hypoallergenic itch-free Braiding Hair servicing the globe.
2021
Black Ambition Prize
Replace your paper with technology that bridges the gaps between civil construction, demolition, waste management and logistics.

Our Manifesto

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

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

Ownerships

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

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