SoGal Foundation Black Founder Startup Grant Program 2023
Black women founders are the fastest growing demographic of entrepreneurs out of any throughout history. These founders are best equipped to solve some of the world’s largest unmet needs, and have a legacy of reinvesting in their communities and creating intergenerational wealth. However, Black women entrepreneurs are met with the greatest barriers to accessing capital. This is bullshit.
This perpetual systemic discrimination, the unwillingness & inability of Silicon Valley and venture capitalists to effectively diversify their investments, the disproportionate effects of COVID-19 on entrepreneurs of color, and generations of inequities against Black people are absolutely inexcusable.
SoGal Foundation has teamed up with Winky Lux, bluemercury, twelveNYC, Twilio, Walmart.org’s Center for Racial Equity and other sponsors to make a small step towards progress by providing several $10K and $5K cash grants to Black women or nonbinary entrepreneurs.
About SoGal Foundation
SoGal Foundation is the largest global platform for diverse entrepreneurs and investors. Spanning 6 continents with hyper-local programming in over 50 cities, our mission is to close the diversity gap in entrepreneurship and venture capital. SoGal Foundation began in 2015 with a mission to redefine the next generation of diverse entrepreneurs and investors. When SoGal founders Elizabeth Galbut and Pocket Sun met in their VC training program, they shared a passion to create systemic change from the ground up in this industry, and immediately banded together to form the SoGal community alongs.
Black Founder Startup Grant Program
- Category Entrepreneurs
- Organisation SoGal Foundation
- Country to study–
- School to study–
- Course to study Not specified
- Application Deadline Not Specified
Aim and Benefits of Black Founder Startup Grant Program
- Awardees will also receive tactical help navigating the fundraising environment at large so that they will have a more equitable opportunity at scaling the next billion-dollar idea.
- They will also receive lifetime “ask-me-anything” access to the SoGal Foundation and SoGal Ventures teams.
Requirements for Black Founder Startup Grant Program Qualification
To qualify, you should:
- Self-identify as a Black woman or Black nonbinary entrepreneur (inclusive of multiracial Black women and multiracial Black nonbinary folks)
- Have a legally registered business
- Plan to seek investor financing in order to scale, now or in the future
- Have a scalable, high-impact solution or idea with the ambition to be the next billion dollar business.
Application Deadline
Not Specified
How to Apply
Interested and qualified? Go to SoGal Foundation on sogalfoundation.typeform.com to apply
There is no need to include any additional information, as it will not be reviewed. Applications are rolling. If you have already applied, there is no need to apply again.
For more details,visit SoGal Foundation website
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