Producer and rapper Pharrell Williams is coupling his entrepreneurial spirit and activism with the launch of Black Ambition, an incubator for Black and Latinx entrepreneurs launching startups in tech, design, healthcare and consumer products. Williams, 47, is the frontman for the initiative that awards grand prizes ranging from $1 million for a national competition to a $250,000 Historically Black College or University prize. The competitions, announced Wednesday, will run simultaneously.
“Part of what Black Ambition is going to do is say ‘here are folks that are investable and will be creating the next big companies of the future’,” Willa Seldon, partner at Bridgespan, a philanthropic and nonprofit consulting firm partnering with Black Ambition, said. “Venture capitalists are becoming more diverse but there’s still not capital going to those new venture players. Mainstream VCs are also interested in doing more about this, It’s also a huge market opportunity.”, Seldon noted.
“This summer all of our favorite brands pledged to do better and this is a distinct opportunity for these brands to show up in a really meaningful and impactful way,” said Darla Vaughn, head of brand marketing at William’s music and multimedia label, I am OTHER. “Together we can dispel age-old, lazy talking points and myths we hear that Black and Latinx talent doesn’t exist. Black Ambition gives brands a chance to authenticity play a role in dismantling systems of oppression.
Immelty Pharrell how we we apply?
Immelty It's funny when crabs don't climb up unless the one they're trying to outdo is actually above them
Immelty Latinx? Learn some Spanish, please. clowns
Immelty Imagine replacing the word black with white here. And dude, wtf? You look sixty here.
Immelty Whites own 99.9% of the wealth here in America. White people: But what about all races? It’s racist to exclude us.
Immelty Black incubator projects should form alliances with traditionally Black colleges and universities.
Immelty Latinx sucks as a word.
Immelty What about all humans no matter what color. Is he racist or just blatantly discriminating ?
Immelty Sharp
Immelty Well hello Pharrell
Immelty Rather tone deaf.There's nothing like latinx. Latinos hate that term.
Immelty The floodgates 🌊 are now open for the price of BITCOIN and CRYPTOCURRENCY to moonrocket🚀! The S&P 500/DOW is adding bitcoin and hundreds of altcoins to their index! Not only is this one HUGE step closer to mass adoption, but BITCOIN and CRYPTO are about to BOOM!!!! 🔥BITCOIN🔥
Immelty Incubator 😆
Immelty Pharell has seen better days
Immelty Black, black, black...
Immelty Blocked ! Forbes is a waste of time
Immelty Isn't that racism? Seems a shame all of the 'all black' performance groups when most groups should simply be mixed races representing all races, I see a lot of exclusions of Asians and Indians, and caucasians for no valid reason
Immelty How's it Black Ambition w/ Hispanic (I despise the term Latinx) ppl? Only asking for clarity.
Immelty Douche bag
That’s actually racist
Immelty He looks a mess in this picture.
Immelty Sounds racist
Immelty Very nice!
Immelty Great news.
Immelty this is terrible news
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