Black Founder Startup Grant

Deadline: Ongoing

SoGal Foundation is inviting applications for the Black Founder Startup Grant Program. SoGal Foundation has teamed up with Winky Lux, bluemercury, twelveNYC, Twilio, and other sponsors to make a small step towards progress by providing several cash grants to Black women or nonbinary entrepreneurs.

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.

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. They know this is a small start, and they are hopeful that it will grow. They believe in a brighter future where the next world changing business does not go unrealized because of systemic discrimination.

Funding Information

$10K and $5K cash grants

Eligibility Criteria

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.

For more information, visit http://www.iamsogal.com/black-founder-startup-grant/